Duplex with Finished
New
For Sale
$325,000
1686 Pine Ridge Circle, Lowell, IN 46356
Residential, Lowell, IN
Property Size2,898 SF
Lot Size0.19 Acres
Price / SF$112.15
Days on Market1
Property Features for 1686 Pine Ridge Circle
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Laundry Room, Bathroom 1, Basement, Bedroom 1, Bathroom 3, Bedroom 2
Interior features
Ceiling Fan(s), High Ceilings, Eat-in Kitchen
Basement
Full, Finished
Appliances
Dryer, Washer, Refrigerator, Microwave, Dishwasher
Subdivision
Pine Rdg Estates
Lot features
Back Yard, Front Yard
Directions
From E. Commercial Avenue (SR 2), turn north onto Burr Street. Turn left onto Harrison Street, then turn right onto Clinton Street. Continue to Pine Ridge Circle and turn right. The property at 1686 Pine Ridge Circle will be on your right.
Standard status
Active
APN
451924330040000008
Size
2,898 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PINE RIDGE ESTATES NE'LY 32.11FT OF LOT 32
Tax Annual Amount
2583
Legal Description
PINE RIDGE ESTATES NE'LY 32.11FT OF LOT 32
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Amenities
landscaped grounds
partially fenced backyard
deck
Building Details
Year built
2000
Floors in Building
1
Listing Agency:
Langen Realty
(219) 696-2000
Listed By:
Brianne Januszonis
(907) 406-3206
Added: Oct 28
Last Checked: Oct 28 at 5:06PM
MLS# 847473
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.
This duplex contains 2,898 square feet, with two bedrooms, three bathrooms, and a bonus room in a fully finished basement. Ceilings exceed 10 feet, and the eat-in kitchen provides a defined gathering area. A two-car garage is equipped with a heater. Central heating and public water and sewer serve the property.
Set on a 0.19-acre lot in Lowell, the property has landscaped grounds, a partially fenced backyard, and a deck. Built in 2000, it also includes a washer, dryer, refrigerator, microwave, and dishwasher.
Set on a 0.19-acre lot in Lowell, the property has landscaped grounds, a partially fenced backyard, and a deck. Built in 2000, it also includes a washer, dryer, refrigerator, microwave, and dishwasher.
Key Highlights
- 2,898‑square‑foot duplex on a 0.19‑acre lot
- Two bedrooms, three bathrooms, and a bonus room
- Finished basement adds usable interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,810
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,200
$576.2K
Cap Rate 7%
$411,571
$411.6K
Cap Rate 9%
$320,111
$320.1K
Market Conditions
NOI Build-Up for 2,898 SF
Gross rent
$43.5K $15.00/SF
− Vacancy
−$2.3K −$0.80/SF
EGI
$41.2K $14.20/SF
− OpEx
−$12.3K −$4.26/SF
NOI
$28.8K $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 Rate 5%
$576,200
Cap Rate 7%
$411,571
Cap Rate 9%
$320,111
Alternative Uses
Best Use
Multifamily LT 5
$411.6K
$360.1K – $480.2K
NOI $28,810 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$366.3K
$320.5K – $427.3K
NOI $25,639 @ 7.0% cap · market cap 7.89%
Theoretical Best
Specialty Retail
$809.0K
$707.9K – $943.9K
NOI $56,631 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
284
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - An eat-in kitchen, elevated ceilings, and a heated two-car garage complement the flexible interior layout.
Where is this duplex located?
The property is located at 1686 Pine Ridge Circle Lowell, IN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,898‑square‑foot duplex on a 0.19‑acre lot; Two bedrooms, three bathrooms, and a bonus room; Finished basement adds usable interior space
