Half-Duplex Residential Income
14752 Drummond Avenue Cedar Lake, IN 46303
New
14752 Drummond Avenue, Cedar Lake, IN, 46303
$289,900
For Sale
$289,900
SINGLE_FAMILY - Cedar Lake, IN
Property Size1,443 SF
Lot Size0.08 Acres
Price / SF$200.90
Days on Market4
Property Features for 14752 Drummond Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Laundry Room, Bedroom 2, Bedroom 1, Kitchen, Bathroom 2
- Parking features
- Driveway, Open
- Interior features
- Ceiling Fan(s), Vaulted Ceiling(s), Granite Counters, Eat-in Kitchen
- Appliances
- Dryer, Washer, Refrigerator, Range, Dishwasher
- Standard status
- Active
- APN
- 451533477014000014
- Size
- 1,443 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LYNNSWAY UNIT 2 LOT 82 (14752-A DRUMMOND AVE)
- Tax Annual Amount
- 5165
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 1
Listing agency
Hoosier Region Realty LLC
(219) 613-3838
Listed by
Jennifer Podgorny · License #RB22000937
(219) 613-3838
Added: Jul 20 Updated: Jul 22 at 7:07PM Checked: Jul 23 at 9:06AM
MLS# 842656
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 half-duplex offers 2 bedrooms and 2 bathrooms, with an interior layout that includes an oversized living room and a kitchen with custom cabinetry, granite countertops, and included appliances. The primary bathroom features ceramic tile flooring and quality vanities. Andersen windows throughout the home are noted as a feature of the finishes. Outside, the property includes a fully landscaped yard and a lawn irrigation system.
The home is located at 14752 Drummond Avenue in Cedar Lake, Indiana, in Lake County. It is currently tenant-occupied, with tenants scheduled to move out by August 15, 2026.
The property is listed as residential income/duplex-type real estate and is being offered for sale. Lot size is listed at 0.0767 acres and property size at 1,443 square feet.
The home is located at 14752 Drummond Avenue in Cedar Lake, Indiana, in Lake County. It is currently tenant-occupied, with tenants scheduled to move out by August 15, 2026.
The property is listed as residential income/duplex-type real estate and is being offered for sale. Lot size is listed at 0.0767 acres and property size at 1,443 square feet.
Key Highlights
- 2‑bedroom, 2‑bath half‑duplex built in 2018 in Cedar Lake, IN
- Kitchen with granite countertops, custom cabinetry, eat‑in area, and included appliances (range, dishwasher, refrigerator, washer/dryer)
- Living space includes vaulted ceilings, ceiling fans, and Andersen windows throughout
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 | $21.6k | $15.00 |
| − Vacancy | −$1.2k | −$0.80 |
| EGI | $20.5k | $14.20 |
| − OpEx | −$6.1k | −$4.26 |
| NOI | $14.3k | $9.94 |
1,443 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.9K
$179.3K – $239.1K
NOI $14,345 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$182.4K
$159.6K – $212.8K
NOI $12,766 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$402.8K
$352.5K – $470.0K
NOI $28,198 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Tenant-occupied 2-bedroom, 2-bath half-duplex with landscaped yard and included appliances.
Where is this duplex located?
The property is located at 14752 Drummond Avenue Cedar Lake, IN.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath half‑duplex built in 2018 in Cedar Lake, IN; Kitchen with granite countertops, custom cabinetry, eat‑in area, and included appliances (range, dishwasher, refrigerator, washer/dryer); Living space includes vaulted ceilings, ceiling fans, and Andersen windows throughout
