512 P St, Bedford, IN, 47421
About This Home
Rarely does a property of this size, soul, and character come to market especially in this location. This magnificent ±8,000 square foot building carries a rich and storied history — beginning life as a church, then serving the community as a gym for the Boys & Girls Club, followed by years as a licensed daycare, and most recently operating as a beloved vintage market. Every chapter of this building’s life has added to its charm, and now it is ready for its most exciting transformation yet — a stunning multi-unit apartment or multifamily residential dwelling. Soaring ceilings, dramatic oversized vintage windows, a massive open floor plan, and a full dry basement beneath the basketball court combine to create one of the most compelling and character-rich residential conversion opportunities in the Bedford market. Add in a few brand new mechanical systems and fully serviced safety infrastructure — sprinklers and alarms, and the bones couldn’t be better. ZONED (PR) Professional Residential: condos, multifamily, apartments, hospitals, clinics, recreational, churches, daycares, nursing homes & more!
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1947
Materials
- Construction materials: Stone,Limestone
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedroom1
- Level: Lower
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Features
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Fireplace: Yes
- Finished area below ground: 3,600
- Finished area above ground: 4,402
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 11,602
- Total interior livable area: 8,002 sqft
Property
Details
- Parcel number: 470614201014.000010
- Zoning: PR
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.41 Acres
- Features: Level
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Winter Weather
- Heat Wave
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $960 | $11,520 |
| Home Insurance * | $139 | $1,668 |
| Property Taxes | $109 | $1,308 |
| Electricity | $733 | $8,802 |
| Total | $1,941 | $23,292 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-27 | Listed for sale | $215,000 |
| 2017-03-16 | Listing removed | $189,900 |
| 2016-08-04 | Listed for sale | $189,900 |
| 2015-02-19 | Listing removed | $199,000 |
| 2014-07-29 | Listed for sale | $199,000 |
| 2014-04-04 | Listing removed | $199,000 |
| 2014-03-01 | Listed for sale | $199,000 |
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