Upgraded Ranch
For Sale
$379,000
12765 Woodside Drive, Cedar Lake, IN 46303
Residential, Cedar Lake, IN
Property Size1,693 SF
Lot Size0.16 Acres
Price / SF$223.86
Days on Market62
Property Features for 12765 Woodside Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 3, Den, Bedroom 2, Dining Room, Bathroom 2, Bathroom 1, Bedroom 1, Laundry Room
Parking features
Open
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Walk-In Closet(s), Kitchen Island, Eat-in Kitchen
Appliances
Dryer, Water Softener Owned, Washer, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher
Subdivision
Oak Brook
Lot features
Back Yard, Sprinklers In Rear, Sprinklers In Front, Front Yard
Directions
From US 231, Head south on US 41. Turn left onto W129th Ave. Left onto Oakbrook Way. Right onto W128th. Left onto Woodside Dr. Home will be on your right.
Standard status
Active
APN
451521105017000014
Size
1,693 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Oak Brook Phase 2 Lot 71 Ex. S.44.98ft.
HOA Fee
$1,800 Annually
Legal Description
Oak Brook Phase 2 Lot 71 Ex. S.44.98ft.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
window treatments
water softener
reverse osmosis system
professionally finished garage floor
covered patio
Building Details
Year built
2025
Floors in Building
1
Listing Agency:
Realty Executives Premier · Realty Executives International
(219) 462-2224
Listed By:
Tina Lopez · License #RB18002168
(708) 670-7658
Added: Jun 23
Changed: Aug 20
Last Checked: Aug 23 at 2:06PM
MLS# 841150
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 2025-built ranch duplex property offers 1,693 square feet of living space on a 0.1621-acre lot in Cedar Lake. The interior includes an open kitchen, dining, and great-room arrangement, with a center island, eat-in area, and abundant natural light. The residence has two bedrooms, two full bathrooms, a den, and a laundry room, along with a primary suite featuring a walk-in closet and private bath.
Improvements include window treatments, an owned water softener, reverse osmosis system, and a finished garage floor. A covered patio and porch provide outdoor space, while public water and public sewer serve the property. The home is heated by forced air using natural gas and includes a gas range, dishwasher, refrigerator, microwave, washer, and dryer.
Improvements include window treatments, an owned water softener, reverse osmosis system, and a finished garage floor. A covered patio and porch provide outdoor space, while public water and public sewer serve the property. The home is heated by forced air using natural gas and includes a gas range, dishwasher, refrigerator, microwave, washer, and dryer.
Key Highlights
- 2025 construction with 1,693 square feet of living area
- 0.1621‑acre lot at 12765 Woodside Drive, Cedar Lake, IN 46303
- Two bedrooms, two full bathrooms, and a den
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
$16,831
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
4.44%
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%
$336,620
$336.6K
Cap Rate 7%
$240,443
$240.4K
Cap Rate 9%
$187,011
$187.0K
Market Conditions
NOI Build-Up for 1,693 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
$25.4K $15.00/SF
− Vacancy
−$1.4K −$0.80/SF
EGI
$24.0K $14.20/SF
− OpEx
−$7.2K −$4.26/SF
NOI
$16.8K $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 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%
$336,620
Cap Rate 7%
$240,443
Cap Rate 9%
$187,011
Alternative Uses
Best Use
Multifamily LT 5
$240.4K
$210.4K – $280.5K
NOI $16,831 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$214.0K
$187.2K – $249.6K
NOI $14,978 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$472.6K
$413.5K – $551.4K
NOI $33,083 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 46303, IN
17,028
Population
6,922
Households
2.5
Avg Household Size
39
Median Age
24%
College-Educated
95%
High-School Grad
28.8 sq mi
ZIP Area
591
Density / Sq Mi
$78,659
Median Household Income
$43,217
Median Earnings
$1,197
Median Rent
$271,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Nearly new residence with an open layout, covered outdoor space, and multiple built-in comfort upgrades.
Where is this duplex located?
The property is located at 12765 Woodside Drive Cedar Lake, IN.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 2025 construction with 1,693 square feet of living area; 0.1621‑acre lot at 12765 Woodside Drive, Cedar Lake, IN 46303; Two bedrooms, two full bathrooms, and a den
