Paired Villa
For Sale
$329,544
10407 Iowa Street, Crown Point, IN 46307
Residential, Crown Point, IN
Property Size1,633 SF
Lot Size0.14 Acres
Price / SF$201.80
Days on Market51
Property Features for 10407 Iowa Street
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 2, Great Room, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
Garage, Open
Patio and Porch features
Patio
Interior features
Double Vanity, Walk-In Closet(s), Pantry, Open Floorplan, Kitchen Island, Eat-in Kitchen
Exterior features
Rain Gutters
Appliances
Disposal, Stainless Steel Appliance(s), Refrigerator, Range, Microwave, Dishwasher
Subdivision
Greenview
Elementary school district
Crown Point
Middle school district
Crown Point
High school district
Crown Point
Directions
From 101st Ave and California St, turn right onto Texas Street, Right on Iowa Street
Standard status
Active
Size
1,633 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
1111
Tax Description
Lot 131 in Greenview Subdivision Phase 1, as per plat thereof recorded in plat book 119, page 32 as document number 2025-027953 in the Office of the Recorder on Lake County Indiana
HOA Fee
$197 Monthly
Legal Description
Lot 131 in Greenview Subdivision Phase 1, as per plat thereof recorded in plat book 119, page 32 as document number 2025-027953 in the Office of the Recorder on Lake County Indiana
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Listing Agency:
Keller Williams Preferred Real · Keller Williams Realty
(708) 798-1111
Listed By:
Thomas Cummings · License #475158776
(708) 717-4057
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 29 at 8:06PM
MLS# 842058
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
10407 Iowa Street in Crown Point, IN is a paired villa duplex currently under construction, planned as a 1,633 square foot home on a 0.1418-acre lot. The layout includes three bedrooms and two bathrooms, with a sunroom off the main living space and an open floorplan designed for easy everyday flow.
Inside, the kitchen is built for both daily use and entertaining, with quartz countertops, a kitchen island, a pantry, and an eat-in kitchen area. The primary suite features a walk-in closet and an en-suite bath with a double vanity. Additional interior highlights include a great room, multiple bedrooms and bathrooms, plus practical storage and organizing features throughout.
The exterior includes patio space and rain gutters. Heating is provided by forced air with natural gas, and utilities include public water and public sewer, with cable available. Parking is set up with a garage and open parking.
Estimated completion is aligned with the 2026 year built.
Inside, the kitchen is built for both daily use and entertaining, with quartz countertops, a kitchen island, a pantry, and an eat-in kitchen area. The primary suite features a walk-in closet and an en-suite bath with a double vanity. Additional interior highlights include a great room, multiple bedrooms and bathrooms, plus practical storage and organizing features throughout.
The exterior includes patio space and rain gutters. Heating is provided by forced air with natural gas, and utilities include public water and public sewer, with cable available. Parking is set up with a garage and open parking.
Estimated completion is aligned with the 2026 year built.
Key Highlights
- 1,633 square foot paired villa duplex under construction
- 0.1418‑acre lot in Crown Point, IN
- Three bedrooms and two bathrooms with sunroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,447
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,940
$288.9K
Cap Rate 7%
$206,386
$206.4K
Cap Rate 9%
$160,522
$160.5K
Market Conditions
NOI Build-Up for 1,633 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.8K $17.04/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$26.3K $16.09/SF
− OpEx
−$11.8K −$7.24/SF
NOI
$14.4K $8.85/SF
Area
Lake County, IN
Vacancy
5.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,940
Cap Rate 7%
$206,386
Cap Rate 9%
$160,522
Alternative Uses
Best Use
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,447 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$455.9K
$398.9K – $531.9K
NOI $31,911 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 46307, IN
69,248
Population
26,081
Households
2.7
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
87.2 sq mi
ZIP Area
794
Density / Sq Mi
$102,118
Median Household Income
$50,612
Median Earnings
$1,308
Median Rent
$293,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Under construction paired villa duplex with a sunroom, patio, and garage parking, served by public water and sewer.
Where is this single family property located?
The property is located at 10407 Iowa Street Crown Point, IN.
What is the asking price?
The asking price for this property is $329,544.
What are key features of this property?
This property features: 1,633 square foot paired villa duplex under construction; 0.1418‑acre lot in Crown Point, IN; Three bedrooms and two bathrooms with sunroom
