Two-Home Multifamily
New
For Sale
$199,900
1037 Moss St, Hammond, IN 46320
Two residences share one lot, combining distinct layouts with flexible occupancy options.
Property Size2,075 SF
Price / SF$96.34
Days on Market6
Property Features for 1037 Moss St
General Information
Standard status
Active
Size
2,075 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,543
Building Details
Buildings
2
Listing Agency:
PMI NWI
(219) 808-0777
Listed By:
Chandra Pallikan
(219) 808-0777
Source:
Exprealty
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 2 at 4:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PMI NWI
Investment Insights
Based on property information with market context.
This multifamily property at 1037 Moss St includes two separate homes on a single lot. The front residence is a ranch-style home with two bedrooms, one bathroom, hardwood flooring, a living room, dining room, and a full unfinished basement.
The additional residence is a two-story home with two bedrooms, one bathroom, and a deck. Its separate layout supports a range of occupancy arrangements, including related living or leasing one residence independently. The property is in Hammond, Indiana, with access to major routes and area amenities.
The additional residence is a two-story home with two bedrooms, one bathroom, and a deck. Its separate layout supports a range of occupancy arrangements, including related living or leasing one residence independently. The property is in Hammond, Indiana, with access to major routes and area amenities.
Key Highlights
- Two homes situated on one lot
- Front ranch home with 2 bedrooms and 1 bath
- Front residence includes hardwood floors and a full unfinished basement
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $17.04 |
| − Vacancy | −$2.0k | −$0.95 |
| EGI | $33.4k | $16.09 |
| − OpEx | −$15.0k | −$7.24 |
| NOI | $18.4k | $8.85 |
2,075 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$262.3K
$229.5K – $306.0K
NOI $18,358 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$579.3K
$506.9K – $675.8K
NOI $40,548 @ 7.0% cap · market cap 20.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 46320, IN
14,514
Population
6,236
Households
2.3
Avg Household Size
33
Median Age
12%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
3,088
Density / Sq Mi
$35,706
Median Household Income
$24,499
Median Earnings
$853
Median Rent
$115,300
Median Home Value
Market
Properties on Market for Multifamily properties in Lake County
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences share one lot, combining distinct layouts with flexible occupancy options.
Where is this multifamily property located?
The property is located at 1037 Moss St Hammond, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two homes situated on one lot; Front ranch home with 2 bedrooms and 1 bath; Front residence includes hardwood floors and a full unfinished basement
