Maintenance-Free Duplex
13950 Nantucket Drive Cedar Lake, IN 46303
13950 Nantucket Drive, Cedar Lake, IN, 46303
$324,999
For Sale
$324,999
SINGLE_FAMILY - Cedar Lake, IN
Property Size1,309 SF
Lot Size0.16 Acres
Price / SF$248.28
Days on Market30
Property Features for 13950 Nantucket Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Laundry Room, Family Room
- Window features
- Blinds
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Open Floorplan, Kitchen Island, Granite Counters, Eat-in Kitchen, Entrance Foyer
- Exterior features
- Lighting, Rain Gutters
- Appliances
- Dryer, Water Softener Owned, Washer, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher, Disposal
- Standard status
- Active
- APN
- 451527354012000014
- Size
- 1,309 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- BEACON POINTE UNIT 3 E.30.06FT OF LOT 83
- Tax Annual Amount
- 2777
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2020
- Floors in Building
- 1
Listing Agency
McColly Real Estate
(219) 663-3835
10709 Randolph Street, Schererville, IN
Listed by
Kristin Taylor
(219) 313-6450
Added: Jun 19 Checked: Jul 18 at 6:06 am
MLS# 840964
Listing URL
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 maintenance-free 2-bedroom, 2-bath duplex offers an open-concept floor plan and a functional layout for everyday living. The kitchen features granite countertops and abundant cabinetry, overlooking the bright living area. The primary suite includes a private en-suite bath and ample closet space. Additional living space is provided by a charming 3-season room, suited to relaxed mornings or entertaining.
Located on a quiet cul-de-sac in Cedar Lake, the home is described as convenient to local shopping, dining, parks, and recreational amenities.
The property is listed at approximately 1,309 square feet on a 0.16-acre lot, and the seller is willing to consider selling the home fully furnished, supporting a move-in-ready option.
Located on a quiet cul-de-sac in Cedar Lake, the home is described as convenient to local shopping, dining, parks, and recreational amenities.
The property is listed at approximately 1,309 square feet on a 0.16-acre lot, and the seller is willing to consider selling the home fully furnished, supporting a move-in-ready option.
Key Highlights
- Maintenance‑free 2‑bedroom, 2‑bath duplex built in 2020
- Open floorplan with entrance foyer, family room, and kitchen island
- Kitchen features granite counters and eat‑in kitchen; includes dishwasher, microwave, gas range, disposal
Local Financial Insights For Multifamily LT 5
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 | $19.6k | $15.00 |
| − Vacancy | −$1.0k | −$0.80 |
| EGI | $18.6k | $14.20 |
| − OpEx | −$5.6k | −$4.26 |
| NOI | $13.0k | $9.94 |
1,309 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$185.9K
$162.7K – $216.9K
NOI $13,013 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$165.4K
$144.8K – $193.0K
NOI $11,581 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$365.4K
$319.7K – $426.3K
NOI $25,579 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Maintenance-free 2-bedroom, 2-bath duplex with an open-concept layout, granite kitchen, and 3-season room.
Where is this duplex located?
The property is located at 13950 Nantucket Drive Cedar Lake, IN.
What is the asking price?
The asking price for this property is $324,999.
What are key features of this property?
This property features: Maintenance‑free 2‑bedroom, 2‑bath duplex built in 2020; Open floorplan with entrance foyer, family room, and kitchen island; Kitchen features granite counters and eat‑in kitchen; includes dishwasher, microwave, gas range, disposal
