Ranch Duplex with
For Sale
Under Contract
$379,900
14713 Coral Street, Dyer, IN 46311
Residential, Dyer, IN
Property Size1,795 SF
Lot Size0.14 Acres
Price / SF$211.64
Days on Market47
Property Features for 14713 Coral Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 2, Dining Room, Den
Parking features
Off Street, Driveway, Open, Garage
Patio and Porch features
Porch, Patio
Interior features
Cathedral Ceiling(s), Walk-In Closet(s), Open Floorplan, Kitchen Island, Eat-in Kitchen, Entrance Foyer, Ceiling Fan(s)
Exterior features
Lighting
Appliances
Dryer, Water Softener Owned, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher, Disposal
Subdivision
Greystone/St John Un 2
Lot features
Back Yard, Sprinklers In Front, Landscaped, Front Yard, Few Trees
Directions
Calumet Ave to Greystone Dr east to Black Opel turn west on Coral. Home is on the south side of the street.
Standard status
Active Under Contract
APN
451401277030000015
Size
1,795 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GREYSTONE OF ST. JOHN UNIT 2 BL.5 PT. OF LOT 163 (14713 CORAL ST)
Tax Annual Amount
3183
HOA Fee
$1,640 Annually
Legal Description
GREYSTONE OF ST. JOHN UNIT 2 BL.5 PT. OF LOT 163 (14713 CORAL ST)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Suzanne Herrmann · License #475150205
(219) 613-4219
Added: Jul 17
Changed: Aug 26
Last Checked: Sep 1 at 4:06PM
MLS# 842460
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 2021, this 1795-square-foot ranch duplex sits on a 0.1414-acre lot and offers two bedrooms, two bathrooms, a den or office, and an open interior arrangement. The foyer opens to a great room and kitchen with quartz countertops, an island, pantry, soft-close cabinetry, pull-out drawers, and stainless steel appliances. A sunroom extends the living area, while the primary bedroom includes a private bath and walk-in closet. The home also features a finished laundry room, storage, French doors at the den, and a garage with an epoxy-coated floor.
Outdoor improvements include an oversized concrete patio with a closing pergola and sun shade, along with landscaped grounds and exterior lighting. Public water and public sewer serve the property. Additional features include forced-air heating, a gas water heater, gutter heating, custom blinds, closet organizers, and driveway, garage, off-street, and open parking.
Outdoor improvements include an oversized concrete patio with a closing pergola and sun shade, along with landscaped grounds and exterior lighting. Public water and public sewer serve the property. Additional features include forced-air heating, a gas water heater, gutter heating, custom blinds, closet organizers, and driveway, garage, off-street, and open parking.
Key Highlights
- 1795‑square‑foot ranch duplex built in 2021
- 0.1414‑acre lot at 14713 Coral Street, Dyer, IN 46311
- Two bedrooms, two bathrooms, and a den or office
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
$17,845
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
4.70%
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%
$356,900
$356.9K
Cap Rate 7%
$254,929
$254.9K
Cap Rate 9%
$198,278
$198.3K
Market Conditions
NOI Build-Up for 1,795 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
$26.9K $15.00/SF
− Vacancy
−$1.4K −$0.80/SF
EGI
$25.5K $14.20/SF
− OpEx
−$7.6K −$4.26/SF
NOI
$17.8K $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%
$356,900
Cap Rate 7%
$254,929
Cap Rate 9%
$198,278
Alternative Uses
Best Use
Multifamily LT 5
$254.9K
$223.1K – $297.4K
NOI $17,845 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$226.9K
$198.5K – $264.7K
NOI $15,881 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$501.1K
$438.5K – $584.6K
NOI $35,077 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 46311, IN
22,431
Population
9,128
Households
2.5
Avg Household Size
43
Median Age
37%
College-Educated
96%
High-School Grad
12.6 sq mi
ZIP Area
1,780
Density / Sq Mi
$109,167
Median Household Income
$58,332
Median Earnings
$1,221
Median Rent
$300,000
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 - Open-concept interiors include a quartz kitchen, den or office, and a finished laundry room.
Where is this duplex located?
The property is located at 14713 Coral Street Dyer, IN.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1795‑square‑foot ranch duplex built in 2021; 0.1414‑acre lot at 14713 Coral Street, Dyer, IN 46311; Two bedrooms, two bathrooms, and a den or office
