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    Portage Multifamily Investment Opportunity
    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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    See hot listings in Portage

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 6 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

    Opportunities in Nearby Cities

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

    Townhome-Style Apartment Buildings
    Townhome-Style Apartment Buildings

    1326-40 Lake Charles Ave, Porter, IN 46304

    $2,450,000
    21,280 sqft 1.69 AC lot

    Two-bedroom apartment units feature private outdoor areas, laundry hookups, and separately metered utilities across two properties.

    View details
    16-Unit Townhome Apartment Buildings
    16-Unit Townhome Apartment Buildings

    1326-1340 Lake Charles Ave, Porter, IN 46304

    Contact for pricing
    21,280 sqft 1.69 AC lot

    Two-story townhome buildings feature private rear decks, open living levels, and in-unit washer and dryer hookups.

    View details
    Six-Unit Apartment Property
    Six-Unit Apartment Property

    2315 Industrial Boulevard, Gary, IN 46407

    $499,900
    6,457 sqft 0.22 AC lot

    Two-building multifamily asset with updated HVAC, public utilities, and a detached residential unit.

    View details
    Apartment Building with Detached Home
    Apartment Building with Detached Home

    2315 Industrial Blvd, Gary, IN 46407

    $499,900
    6,457 sqft

    Six residential units across two buildings provide updated interiors, varied layouts, and flexible ownership options.

    View details

    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.

    6021-55 Canden Ave
    Multifamily properties

    6021-55 Canden Ave, Portage, IN 46368

    Estimated value:
    No data
    96,200 sqft
    View details

    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.

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    Demographics Overview

    Population 40K
    Population Growth (5Y) +3.9%
    Median Household Income $72,638
    College Educated 22.8%

    High-Yield Neighborhoods for Investment

    Identify Portage submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46368 $11.5M

    Taxes & Financing

    Tax Rate (average for all types) 2.52%
    Property Tax per SF $55.69 per SF
    Tax Rate vs County Average 0.33 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Porter County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Porter County

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