Portage, IN Apartment buildings for sale

Updated: Nov 21, 2025

Portage Multifamily Investment Opportunity

6021-55 Canden Ave., 2378-2400 Dixie Dr. , 6021-6121 McCasland Ave, Portage, IN 46368

$11,500,000

96,200 sqft

Opportunity to increase Net Operating Income (NOI) through a proven renovation plan, building upon recent 2022‑2023 remodel.
Excellent location** with easy access to the Portage/Ogden train stop for convenient access to Chicago, and proximity to I‑80.
Attractive existing cash flow with room to raise rents to market rates, both without rehab and with continued renovations.
Diverse unit mix of 82 Two Bedroom and 18 One Bedroom units.
Close proximity (5‑15 minute drive) to the Indiana Dunes National Park and Lake Michigan beaches.

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This listing looks promising.

Here's a quick look at some key insights for

6021-55 Canden Ave., 2378-2400 Dixie Dr. , 6021-6121 McCasland Ave, Portage, IN 46368

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Est. Cap Rate

6.6%
Above avg (5.9%)
Est. NOI

$764K
Annual
Price @ 7% Cap

$10.91M
Suggested

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Portage, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

9-Unit Apartment Building

205 Michigan Avenue, Valparaiso, IN 46383

$1,160,000

9,246 sqft 0.20 AC lot

Studio through 3-bedroom apartments with landlord-paid water and heat in a well-maintained 9-unit building.

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Charming Multifamily Property in Valparaiso

205 Michigan Avenue, Valparaiso, IN 46383

$1,160,000

9,246 sqft

Well-maintained 9-unit property with diverse unit mix in Valparaiso.

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Gary Multifamily Investment Opportunity

2315 Industrial Boulevard, Gary, IN 46407

$499,900

6,457 sqft 0.22 AC lot

Six-unit multifamily property with redevelopment potential in Gary, Indiana.

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Turnkey 8-Unit Multifamily Building

816 Pennsylvania Street, Gary, IN 46402

Contact for pricing

7,221 sqft

Fully renovated 8-unit building with a mix of one-, two-, and three-bedroom units, sold as-is.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Retail-Zoned Development Land Opportunity

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Off-Market Properties in Portage, IN

Consider similar Off-Market properties in Portage, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

6021-55 Canden Ave, Portage, IN 46368

Value Estimation by Request

96,200 sqft

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Portage, IN Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Portage, IN on our real estate platform. These investment opportunities span a total of 96,200 square feet of properties for sale, with an estimated market value of $11,500,000.

Sale prices for two-family homes in Portage, IN average $11,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
46368	$11.5M

Neighborhood

Average Price

46368

$11.5M

Portage, IN Apartment Buildings for Sale

6021-55 Canden Ave., 2378-2400 Dixie Dr. , 6021-6121 McCasland Ave, Portage, IN 46368