Two-Bedroom Duplex
For Sale
$220,000
Pending
1002 N Colfax Street, Griffith, IN 46319
Residential, Griffith, IN
Property Size1,136 SF
Lot Size0.11 Acres
Days on Market47
Property Features for 1002 N Colfax Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Dining Room, Bedroom 1, Bedroom 2
Interior features
Cathedral Ceiling(s), Vaulted Ceiling(s)
Appliances
Dryer, Washer, Refrigerator, Microwave, Gas Range, Dishwasher
Subdivision
Colfax 5th Add
Lot features
Landscaped, Paved
Directions
On Colfax, just North of 45th, West side of street
Standard status
Pending
APN
450726479023000006
Size
1,136 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COLFAX 5TH ADDITION S.1/2 OF LOT 7
Tax Annual Amount
2043
Legal Description
COLFAX 5TH ADDITION S.1/2 OF LOT 7
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
cathedral ceilings
stone countertops
laminate flooring
private back deck
Building Details
Year built
2007
Floors in Building
1
Listing Agency:
Realty Executives Premier · Realty Executives International
(219) 462-2224
Listed By:
Gabriel Solis-Corral
(219) 323-0600
Added: Sep 14
Changed: Oct 28
Last Checked: Oct 30 at 8:06AM
MLS# 845310
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.
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Investment Insights
Based on property information with market context.
This duplex unit offers 1,136 square feet arranged across a single level, with two bedrooms, an open living area, a dining room, and two bathrooms. Cathedral and vaulted ceilings add vertical volume, while stone kitchen countertops and laminate flooring provide updated interior finishes. The primary bedroom includes a private three-quarter en suite bath, and the second full bathroom is positioned off the main living area.
An attached two-car garage and private rear deck extend the usable space beyond the interior. The property sits on 0.108 acres with public water and public sewer service. Natural gas forced-air heating, a 2007 construction date, and included appliances—washer, dryer, refrigerator, microwave, gas range, and dishwasher—complete the practical features. There is no HOA, and the location provides access to downtown Griffith and I-80/I-94.
An attached two-car garage and private rear deck extend the usable space beyond the interior. The property sits on 0.108 acres with public water and public sewer service. Natural gas forced-air heating, a 2007 construction date, and included appliances—washer, dryer, refrigerator, microwave, gas range, and dishwasher—complete the practical features. There is no HOA, and the location provides access to downtown Griffith and I-80/I-94.
Key Highlights
- Duplex unit with 2 bedrooms and 2 bathrooms
- 1136 square feet on a single level
- Attached 2‑car garage and private rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,293
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,860
$225.9K
Cap Rate 7%
$161,329
$161.3K
Cap Rate 9%
$125,478
$125.5K
Market Conditions
NOI Build-Up for 1,136 SF
Gross rent
$17.0K $15.00/SF
− Vacancy
−$907 −$0.80/SF
EGI
$16.1K $14.20/SF
− OpEx
−$4.8K −$4.26/SF
NOI
$11.3K $9.94/SF
Area
Lake County, IN
Vacancy
5.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,860
Cap Rate 7%
$161,329
Cap Rate 9%
$125,478
Alternative Uses
Best Use
Multifamily LT 5
$161.3K
$141.2K – $188.2K
NOI $11,293 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$143.6K
$125.6K – $167.5K
NOI $10,050 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$317.1K
$277.5K – $370.0K
NOI $22,199 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 46319, IN
18,108
Population
7,904
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
1,886
Density / Sq Mi
$75,976
Median Household Income
$42,239
Median Earnings
$1,162
Median Rent
$194,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Single-level layout includes cathedral ceilings, updated finishes, private outdoor space, and an attached two-car garage.
Where is this duplex located?
The property is located at 1002 N Colfax Street Griffith, IN.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Duplex unit with 2 bedrooms and 2 bathrooms; 1136 square feet on a single level; Attached 2‑car garage and private rear deck
