Two-Bedroom Duplex with
New
For Sale
$319,900
14046 Nantucket Drive, Cedar Lake, IN 46303
Residential, Cedar Lake, IN
Property Size1,348 SF
Lot Size0.18 Acres
Price / SF$237.31
Days on Market4
Property Features for 14046 Nantucket Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Kitchen, Laundry Room, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Garage, Open, Driveway
Window features
Blinds
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Country Kitchen, Walk-In Closet(s), Vaulted Ceiling(s), Open Floorplan, Granite Counters, Eat-in Kitchen, Entrance Foyer
Exterior features
Rain Gutters
Appliances
Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Range, Dishwasher
Subdivision
Beacon Pointe-Un 4
Lot features
Back Yard, Rectangular Lot, Landscaped, Front Yard
High school
Hanover Central High School
Elementary school district
Hanover
Middle school district
Hanover
High school district
Hanover
Directions
South on Parrish from W. 133rd Ave, turn east on Liberty Dr, turn South on Nantucket to home on the West side of the road.
Standard status
Active
APN
451527356006000014
Size
1,348 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEACON POINTE UNIT 4 LOT 113 EX. N.45FT.
Tax Annual Amount
3073
HOA Fee
$170 Monthly
Legal Description
BEACON POINTE UNIT 4 LOT 113 EX. N.45FT.
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
2020
Floors in Building
1
Listing Agency:
Keller Williams Preferred Real · Keller Williams Realty
(708) 798-1111
Listed By:
Michael Felder · License #RB15000058
(219) 671-2362
Added: Sep 5
Last Checked: Sep 8 at 10:06AM
MLS# 844898
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.
Built in 2020, this 1,348-square-foot duplex offers two bedrooms and two bathrooms within an open floor plan that combines the living room, dining area, and kitchen. Vaulted ceilings, granite counters, an eat-in kitchen, and natural light define the main living areas. The primary bedroom includes an en-suite bathroom and walk-in closet, while the finished laundry room adds a utility sink, folding table, and hanging rack. Appliances include a washer, dryer, refrigerator, microwave, gas range, and dishwasher.
The 0.1756-acre property includes an attached 2.5-car garage, driveway, open parking, rain gutters, and a covered patio with a ceiling fan. Public water and public sewer serve the property, with natural gas forced-air heat. Located in Cedar Lake, the home is near shopping, restaurants, parks, entertainment, and Cedar Lake itself, with access to US-41, Exchange, and I-394 toward the Illinois border.
The 0.1756-acre property includes an attached 2.5-car garage, driveway, open parking, rain gutters, and a covered patio with a ceiling fan. Public water and public sewer serve the property, with natural gas forced-air heat. Located in Cedar Lake, the home is near shopping, restaurants, parks, entertainment, and Cedar Lake itself, with access to US-41, Exchange, and I-394 toward the Illinois border.
Key Highlights
- 1,348‑square‑foot duplex built in 2020
- Two bedrooms and two bathrooms
- Attached 2.5‑car garage with driveway and open parking
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
$13,401
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
4.19%
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%
$268,020
$268.0K
Cap Rate 7%
$191,443
$191.4K
Cap Rate 9%
$148,900
$148.9K
Market Conditions
NOI Build-Up for 1,348 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
$20.2K $15.00/SF
− Vacancy
−$1.1K −$0.80/SF
EGI
$19.1K $14.20/SF
− OpEx
−$5.7K −$4.26/SF
NOI
$13.4K $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%
$268,020
Cap Rate 7%
$191,443
Cap Rate 9%
$148,900
Alternative Uses
Best Use
Multifamily LT 5
$191.4K
$167.5K – $223.4K
NOI $13,401 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$170.4K
$149.1K – $198.8K
NOI $11,926 @ 7.0% cap · market cap 3.73%
Theoretical Best
Specialty Retail
$376.3K
$329.3K – $439.0K
NOI $26,342 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
59
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Open-concept duplex with vaulted ceilings, a primary suite, finished laundry room, and covered outdoor space.
Where is this duplex located?
The property is located at 14046 Nantucket Drive Cedar Lake, IN.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 1,348‑square‑foot duplex built in 2020; Two bedrooms and two bathrooms; Attached 2.5‑car garage with driveway and open parking
