Ranch Duplex with Pond
For Sale
$525,000
Pending
1360 Byington Court, Crown Point, IN 46307
SINGLE_FAMILY - Crown Point, IN
Property Size2,016 SF
Lot Size0.23 Acres
Days on Market85
Property Features for 1360 Byington Court
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Den, Bedroom 1, Bathroom 1, Bathroom 2, Basement, Laundry Room
Interior features
Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Open Floorplan, His and Hers Closets, Granite Counters, Entrance Foyer, Double Vanity
Fireplace
1
Basement
Sump Pump, Unfinished, Interior Entry
Appliances
Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Cooktop, Dishwasher, Disposal
Subdivision
White Hawk County Club Ph 05
Lot features
Landscaped, Sprinklers In Rear, Sprinklers In Front
View
Golf Course
Directions
Enter White hawk and the first street on the right
Standard status
Pending
APN
451606126009000042
Size
2,016 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WHITE HAWK COUNTRY CLUB PHASE 5 BL.2 S'LY 47.265FT OF LOT 38
Tax Annual Amount
3451
HOA Fee
$1,050 Semi-Annually
Legal Description
WHITE HAWK COUNTRY CLUB PHASE 5 BL.2 S'LY 47.265FT OF LOT 38
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Water front features
Pond
Water front
1
Amenities
enclosed sunroom
patio
Building Details
Year built
2005
Floors in Building
1
Listing Agency:
Better Homes and Gardens Real · Better Homes and Gardens Real Estate
(219) 999-8990
Listed By:
Holly Furdo
(219) 313-0692
Added: May 25
Changed: Aug 4
Last Checked: Aug 17 at 2:06AM
MLS# 839567
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.
Ranch duplex offering one-level living with a pond view, fireplace, and an open floorplan. The home includes 3 bedrooms and 2 bathrooms, plus an enclosed sunroom and patio for outdoor enjoyment. Interior features include vaulted ceilings, double vanity, granite counters, walk-in closets, ceiling fans, and a vaulted ceiling. Appliances are included, along with forced-air heating served by public water and public sewer.
The property sits on 0.2272 acres at 1360 Byington Court in Crown Point, IN, with a full unfinished basement that has rough-in plumbing and approximately 9-foot ceilings, providing space for future expansion such as a rec room, guest suite, home gym, or additional storage. The attached garage is connected to a laundry/mudroom.
Key updates include a brand new roof, all new windows, and a furnace & A/C approximately 10 years old. Built in 2005, this duplex was designed for low-maintenance living while keeping living space comfortably flexible.
The property sits on 0.2272 acres at 1360 Byington Court in Crown Point, IN, with a full unfinished basement that has rough-in plumbing and approximately 9-foot ceilings, providing space for future expansion such as a rec room, guest suite, home gym, or additional storage. The attached garage is connected to a laundry/mudroom.
Key updates include a brand new roof, all new windows, and a furnace & A/C approximately 10 years old. Built in 2005, this duplex was designed for low-maintenance living while keeping living space comfortably flexible.
Key Highlights
- Ranch duplex with pond views and fireplace
- 3 bedrooms, 2 bathrooms with open floorplan and vaulted ceilings
- Full unfinished basement with rough‑in plumbing and approximately 9‑foot ceilings
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
$20,042
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
3.82%
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%
$400,840
$400.8K
Cap Rate 7%
$286,314
$286.3K
Cap Rate 9%
$222,689
$222.7K
Market Conditions
NOI Build-Up for 2,016 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
$30.2K $15.00/SF
− Vacancy
−$1.6K −$0.80/SF
EGI
$28.6K $14.20/SF
− OpEx
−$8.6K −$4.26/SF
NOI
$20.0K $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%
$400,840
Cap Rate 7%
$286,314
Cap Rate 9%
$222,689
Alternative Uses
Best Use
Multifamily LT 5
$286.3K
$250.5K – $334.0K
NOI $20,042 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$254.8K
$223.0K – $297.3K
NOI $17,836 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$562.8K
$492.4K – $656.6K
NOI $39,395 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
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
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 - Ranch duplex with pond views, fireplace, 3 bedrooms, and a full unfinished basement in Crown Point.
Where is this duplex located?
The property is located at 1360 Byington Court Crown Point, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Ranch duplex with pond views and fireplace; 3 bedrooms, 2 bathrooms with open floorplan and vaulted ceilings; Full unfinished basement with rough‑in plumbing and approximately 9‑foot ceilings
