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Quadplex with Granite Counters
New
For Sale
$916,000

1500 Camellia Drive, Munster, IN 46321

Residential Income, Munster, IN

Property SizeContact for details
Lot Size0.54 Acres
Days on Market2

Property Features for 1500 Camellia Drive

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 8
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 5, Bedroom 8, Bathroom 3, Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 2
Parking 8
Parking features Off Street
Interior features Cathedral Ceiling(s), Granite Counters
Exterior features Balcony
Fireplace 1
Basement Unfinished
Appliances Dishwasher, Refrigerator, Microwave, Electric Range
Subdivision Fairmeadow Add 28
Lot features Landscaped, Paved
High school Munster High School
Directions Continue on W 45th St to your destination in Munster Use the left 2 lanes to turn left onto W 45th St Turn right onto Fran-lin Pkwy Turn left onto White Oak Ave Destination will be on the right
Standard status Active
APN 450730479016000027
Lot size 0.54 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description FAIRMEADOW 28TH ADD. BLOCK 1 LOT 8 & PART LOT 7
Tax Annual Amount 12528
Legal Description FAIRMEADOW 28TH ADD. BLOCK 1 LOT 8 & PART LOT 7

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1977
Floors in Building 2
Listing Agency: McCormick Real Estate, Inc.
Listed By: Jeff McCormick · License #RB14033291
Added: Sep 8 Changed: Sep 9 Last Checked: Sep 9 at 9:06PM
MLS# 844998

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 quadplex in Munster, Indiana, was built in 1977 and occupies 0.542 acres. The property includes eight bedrooms and six bathrooms, with interior features that include cathedral ceilings and granite counters. A fireplace, balconies, and practical kitchen appliances add to the existing unit improvements.

Public water and public sewer serve the property, while heating is provided by forced-air natural gas systems. Off-street parking is available, and the address is 1500 Camellia Drive, Munster, IN 46321. The residential configuration and existing improvements support continued multifamily use.

Key Highlights

  • Quadplex configuration with 8 bedrooms and 6 bathrooms
  • 0.542‑acre property in Munster, IN
  • Built in 1977

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Auto Repair Shop Bakery Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby

Demographics for 46321, IN

23,894
Population
9,786
Households
2.4
Avg Household Size
45
Median Age
48%
College-Educated
96%
High-School Grad
7.6 sq mi
ZIP Area
3,144
Density / Sq Mi
$105,764
Median Household Income
$57,796
Median Earnings
$1,480
Median Rent
$312,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit residential property with public utilities, off-street parking, balconies, and functional interior amenities.
Where is this quadplex located?
The property is located at 1500 Camellia Drive Munster, IN.
What is the asking price?
The asking price for this property is $916,000.
What are key features of this property?
This property features: Quadplex configuration with 8 bedrooms and 6 bathrooms; 0.542‑acre property in Munster, IN; Built in 1977
More about this property
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