Updated Half-Duplex Income
New
For Sale
$349,900
1425 Mybeck Place, Crown Point, IN 46307
Residential, Crown Point, IN
Property Size1,808 SF
Lot Size0.12 Acres
Price / SF$193.53
Days on Market2
Property Features for 1425 Mybeck Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Kitchen, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Laundry Room, Bedroom 2
Parking features
Open, Garage, Driveway
Interior features
Entrance Foyer, Walk-In Closet(s), Tray Ceiling(s), Stone Counters, High Ceilings, Eat-in Kitchen
Appliances
Dryer, Washer, Range Hood, Refrigerator, Range, Gas Water Heater, Gas Cooktop, Dishwasher
Subdivision
Royal Hawk
Lot features
Landscaped
View
Water
Directions
Main St to Main Street Frontage road at Elm St. Follow Frontage Rd North to Lewis, go west to Royal Hawk, turn onto Concord, west to Mybeck Pl. Property is straight ahead of stop sign. Lockbox on bench at front door
Standard status
Active
APN
451232352032000029
Size
1,808 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROYAL HAWK N PT OF LOT 3
Tax Annual Amount
2497
HOA Fee
$70 Quarterly
Legal Description
ROYAL HAWK N PT OF LOT 3
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Listing Agency:
Morgin Realty
(219) 345-7653
Listed By:
Barbara Morgin · License #RB14020684
(219) 712-6116
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:06PM
MLS# 844178
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.
This residential income property is configured as a half duplex with 1,808 square feet arranged on one main level. The home includes three bedrooms, two bathrooms, an eat-in kitchen, walk-in closet, entrance foyer, tray ceilings, and high ceilings. Recent improvements include quartz countertops, custom appliances, updated bathrooms, and an accessible master shower. A two-car attached garage has an epoxy-coated floor, with additional open parking and driveway access.
The property sits on a 0.121-acre lot at 1425 Mybeck Place in Crown Point, Indiana 46307. Public water and public sewer serve the property, while forced-air heating provides the primary heating system. Appliances include a gas cooktop, range, range hood, refrigerator, dishwasher, washer, dryer, and gas water heater. Built in 2004, the residence offers a combination of updated interior finishes and established building infrastructure.
The property sits on a 0.121-acre lot at 1425 Mybeck Place in Crown Point, Indiana 46307. Public water and public sewer serve the property, while forced-air heating provides the primary heating system. Appliances include a gas cooktop, range, range hood, refrigerator, dishwasher, washer, dryer, and gas water heater. Built in 2004, the residence offers a combination of updated interior finishes and established building infrastructure.
Key Highlights
- Half duplex with 1,808 SF on one main level
- Three bedrooms and two bathrooms
- Updated kitchen with quartz counters and custom appliances
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
$15,996
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
4.57%
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%
$319,920
$319.9K
Cap Rate 7%
$228,514
$228.5K
Cap Rate 9%
$177,733
$177.7K
Market Conditions
NOI Build-Up for 1,808 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
$30.8K $17.04/SF
− Vacancy
−$1.7K −$0.95/SF
EGI
$29.1K $16.09/SF
− OpEx
−$13.1K −$7.24/SF
NOI
$16.0K $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%
$319,920
Cap Rate 7%
$228,514
Cap Rate 9%
$177,733
Alternative Uses
Best Use
Apartment 5plus
$228.5K
$200.0K – $266.6K
NOI $15,996 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$504.7K
$441.6K – $588.9K
NOI $35,331 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
372
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Main-level layout with refreshed kitchens and baths, an attached garage, and public utilities in Crown Point.
Where is this residential income property located?
The property is located at 1425 Mybeck Place Crown Point, IN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Half duplex with 1,808 SF on one main level; Three bedrooms and two bathrooms; Updated kitchen with quartz counters and custom appliances
