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Five-Unit Multifamily Building

806 Maple Avenue La Porte, IN 46350

806 Maple Avenue, La Porte, IN, 46350

$425,000

For Sale

$425,000

MULTI_FAMILY - La Porte, IN

Property Size4,061 SF

Lot Size0.16 Acres

Price / SF$104.65

AddedJan 20

Days on Market175

Last RefreshJul 14 at 7:06 pm

Property Features for 806 Maple Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking: 5
Standard status: Active
APN: 460635486003000043
Size: 4,061 SF
Lot size: 0.16 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: 05-06-35-486-003 WILSON 1ST 71 1/2 X 97 FT W SD LT 14
Tax Annual Amount: 3710

Utilities

Sewer type: Public Sewer
Heating system: Central
Water source: Public

Building Details

Year built: 1900

Listing agent John Christodaulakis

Listing office LaPorte County Realty, Inc. 107 J Street, LaPorte, IN

Listing date Jan 20, 2026

MLS# 833044

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 five-unit multifamily property is offered for sale in La Porte, Indiana. The building includes a unit mix described as functional throughout, and the lower level presents an opportunity to add a studio unit, which could increase the building’s overall income potential.

The property is located at 806 Maple Avenue, conveniently near downtown La Porte, shopping and dining, and major roadways. With a manageable size lot, it may appeal to investors seeking an asset with both existing income and an internal expansion opportunity.

The listing includes a total building size of 4,061 square feet and a lot size of 0.1581 acres.

Key Highlights

5‑unit multifamily property in La Porte
Additional potential to add a studio unit in the lower level
Central heating

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$60.9k	$15.00
− Vacancy	−$1.5k	−$0.38
EGI	$59.4k	$14.63
− OpEx	−$26.7k	−$6.58
NOI	$32.7k	$8.04

4,061 SF · lease $15.00/SF/yr · vacancy 2.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$466.7K

$408.3K – $544.4K (±1% cap)

NOI $32,666 @ 7.0% cap · market cap 7.69%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$1.13M

$987.9K – $1.32M (±1% cap)

NOI $79,028 @ 7.0% cap · market cap 18.59%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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