Single-Level Residential Income
1461 E 177th Court, Lowell, IN 46356
For Sale
New
$269,000
Residential, Lowell, IN
Property Size1,332 SF
Lot Size0.17 Acres
Price / SF$201.95
Days on Market4
Property Features for 1461 E 177th Court
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Listing Agency:
BHHS Executive Realty
(219) 663-1986
Listed By:
Christine Swisher · License IN RB17000623
(219) 545-1887
Added: Nov 6
Last Checked: Nov 9 at 11:06AM
MLS# 847928
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.
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Investment Insights
Based on property information with market context.
Built in 2002, this single-level residential income property contains 1,332 square feet with two bedrooms and two bathrooms. Recent work includes a furnace, central air conditioning, water heater, laminate flooring, interior paint, bathroom tile, recessed LED lighting, a sliding patio door, and a deck. Interior features include a vaulted ceiling, pantry, eat-in kitchen, walk-in closet, and laundry room.
The property sits on a 0.166-acre lot in Lowell, Indiana. Route 2 is approximately half a mile away, and the I-65 interchange is about 1.5 miles from the home. Public water and sewer serve the property.
The property sits on a 0.166-acre lot in Lowell, Indiana. Route 2 is approximately half a mile away, and the I-65 interchange is about 1.5 miles from the home. Public water and sewer serve the property.
Key Highlights
- 1,332‑square‑foot, two‑bedroom, two‑bath residence
- Single‑level layout; built in 2002
- 0.166‑acre lot with a deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,784
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,680
$235.7K
Cap Rate 7%
$168,343
$168.3K
Cap Rate 9%
$130,933
$130.9K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$22.7K $17.04/SF
− Vacancy
−$1.3K −$0.95/SF
EGI
$21.4K $16.09/SF
− OpEx
−$9.6K −$7.24/SF
NOI
$11.8K $8.85/SF
Area
Lake County, IN
Vacancy
5.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,680
Cap Rate 7%
$168,343
Cap Rate 9%
$130,933
Alternative Uses
Best Use
Apartment 5plus
$168.3K
$147.3K – $196.4K
NOI $11,784 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$371.8K
$325.4K – $433.8K
NOI $26,029 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 46356, IN
18,668
Population
7,290
Households
2.6
Avg Household Size
41
Median Age
20%
College-Educated
96%
High-School Grad
112.5 sq mi
ZIP Area
166
Density / Sq Mi
$87,535
Median Household Income
$51,151
Median Earnings
$1,190
Median Rent
$256,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Lake County, IN
Properties on Market for Residential income properties in Lake County
Frequently Asked Questions
What type of property is this?
Residential income property - The 2002 home offers two bedrooms, two bathrooms, refreshed interior finishes, and a deck.
Where is this residential income property located?
The property is located at 1461 E 177th Court Lowell, IN.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 1,332‑square‑foot, two‑bedroom, two‑bath residence; Single‑level layout; built in 2002; 0.166‑acre lot with a deck
