Modern Duplex with Finished
New
For Sale
$349,900
1519 E 177th Court, Lowell, IN 46356
Residential, Lowell, IN
Property Size1,890 SF
Lot Size0.17 Acres
Price / SF$185.13
Days on Market2
Property Features for 1519 E 177th Court
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Kitchen, Bedroom 3, Bathroom 2, Bathroom 1, Laundry Room, Basement, Bedroom 1, Bedroom 2
Parking features
Driveway, Open
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Stone Counters, Pantry, Open Floorplan, Kitchen Island, His and Hers Closets, High Ceilings, Eat-in Kitchen, Crown Molding
Basement
Sump Pump, Interior Entry, Unfinished
Appliances
Dryer, Water Softener Owned, Washer, Refrigerator, Microwave, Gas Range, Dishwasher
Subdivision
Tucson Twnhms
Lot features
Back Yard, Rectangular Lot, Landscaped, Front Yard
Directions
From Rt 2 in Lowell, turn north onto Mississippi Street. Turn west onto W. 177th Ct to home on south side.
Standard status
Active
APN
452022426013000012
Size
1,890 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TUCSON TOWNHOMES LOT 4
Tax Annual Amount
2600
HOA Fee
$120 Annually
Legal Description
TUCSON TOWNHOMES LOT 4
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
covered front porch
covered back patio
main floor laundry
water softener/RO
Building Details
Year built
2023
Floors in Building
1
Listing Agency:
Keller Williams Preferred Real · Keller Williams Realty
(708) 798-1111
Listed By:
Tiffany Dowling · License #RB14050408
(219) 808-7584
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 11:06AM
MLS# 844727
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 2023 duplex property in Lowell, Indiana, offers 1,890 square feet on a 0.17-acre lot. Interior features include vaulted ceilings, crown molding, hickory hardwood flooring, and an open kitchen with a quartzite island, custom cabinetry, stainless steel appliances, and a stone-and-glass backsplash. The primary suite includes a quartzite double-sink vanity, tiled shower, and walk-in closet. Additional features include main-floor laundry, a covered front porch, and a covered rear patio.
The full unfinished basement includes 3 egress windows, a rough-in for a full bathroom, upgraded mechanicals, and a water softener. Public water and public sewer serve the property, with natural-gas forced-air heating. The home is located near an expressway and offers country views while remaining within reach of shopping, dining, sports facilities, and downtown Chicago. There are no monthly HOA fees.
The full unfinished basement includes 3 egress windows, a rough-in for a full bathroom, upgraded mechanicals, and a water softener. Public water and public sewer serve the property, with natural-gas forced-air heating. The home is located near an expressway and offers country views while remaining within reach of shopping, dining, sports facilities, and downtown Chicago. There are no monthly HOA fees.
Key Highlights
- 2023 construction with 1,890 square feet on a 0.17‑acre lot
- Open kitchen with quartzite island, custom cabinetry, stainless appliances, and stone‑and‑glass backsplash
- Primary suite with quartzite double‑sink vanity, tiled shower, and walk‑in closet
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
$18,789
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
5.37%
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%
$375,780
$375.8K
Cap Rate 7%
$268,414
$268.4K
Cap Rate 9%
$208,767
$208.8K
Market Conditions
NOI Build-Up for 1,890 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
$28.4K $15.00/SF
− Vacancy
−$1.5K −$0.80/SF
EGI
$26.8K $14.20/SF
− OpEx
−$8.1K −$4.26/SF
NOI
$18.8K $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%
$375,780
Cap Rate 7%
$268,414
Cap Rate 9%
$208,767
Alternative Uses
Best Use
Multifamily LT 5
$268.4K
$234.9K – $313.2K
NOI $18,789 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$238.9K
$209.0K – $278.7K
NOI $16,721 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$527.6K
$461.7K – $615.6K
NOI $36,933 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
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
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 - 2023 duplex property with upgraded interiors, covered outdoor spaces, and a full unfinished basement.
Where is this duplex located?
The property is located at 1519 E 177th Court Lowell, IN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2023 construction with 1,890 square feet on a 0.17‑acre lot; Open kitchen with quartzite island, custom cabinetry, stainless appliances, and stone‑and‑glass backsplash; Primary suite with quartzite double‑sink vanity, tiled shower, and walk‑in closet
