Duplex Unit with Walk-Out
New
For Sale
$369,900
17314 Brookwood Drive, Lowell, IN 46356
Residential, Lowell, IN
Property Size2,588 SF
Lot Size0.17 Acres
Price / SF$142.93
Days on Market2
Property Features for 17314 Brookwood Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Kitchen, Bathroom 3, Bathroom 2, Basement, Bedroom 1, Bedroom 2
Parking features
Off Street, Driveway, Garage, Open
Patio and Porch features
Deck, Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Tray Ceiling(s), Recessed Lighting, Pantry, Open Floorplan, Laminate Counters, Entrance Foyer
Basement
Walk-Out Access, Full, Finished
Appliances
Dryer, Washer, Refrigerator, Microwave, Gas Range, Dishwasher
Subdivision
Brookwood Sub
Lot features
Back Yard, Landscaped, Few Trees
Elementary school district
Tri-Creek
Middle school district
Tri-Creek
High school district
Tri-Creek
Directions
IN 2 to Burr St turn north...to 177th Ave turn west...to Brookwood Dr turn north...to home on west side of street.
Standard status
Active
Size
2,588 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BROOKWOOD SUBDIVISION UNIT 5 LOT 73
Tax Annual Amount
3000
Legal Description
BROOKWOOD SUBDIVISION UNIT 5 LOT 73
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
covered rear deck
rear patio with automatic roll-out awning
generac generator
Building Details
Year built
2016
Floors in Building
1
Listing Agency:
Realty Executives Premier · Realty Executives International
(219) 462-2224
Listed By:
Colin Serocinski
(219) 508-5746
Added: Sep 17
Last Checked: Sep 18 at 9:06AM
MLS# 845491
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 2,588-square-foot duplex unit, built in 2016, combines an open main level with a finished walk-out basement. The upper living area includes a foyer, kitchen with pantry and bar seating, dining area, living room, two bedrooms, a walk-in closet, and two full bathrooms. A covered rear deck extends from the main level, while the basement opens to a patio with an automatic roll-out awning.
The lower level is arranged for additional living use, with a second full kitchen, included appliances, laundry area, office, full bathroom, and non-conforming bedroom. Interior details include solid-surface flooring, tray ceilings, recessed lighting, and laminate counters. The property also includes a Generac generator, driveway and garage parking, public water, and public sewer. The adjoining unit may also be purchased.
The lower level is arranged for additional living use, with a second full kitchen, included appliances, laundry area, office, full bathroom, and non-conforming bedroom. Interior details include solid-surface flooring, tray ceilings, recessed lighting, and laminate counters. The property also includes a Generac generator, driveway and garage parking, public water, and public sewer. The adjoining unit may also be purchased.
Key Highlights
- 2,588‑square‑foot duplex unit on a 0.1699‑acre lot
- Finished walk‑out basement with second full kitchen and full bathroom
- Main level includes 2 bedrooms, walk‑in closet, and 2 full bathrooms
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
$22,896
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
6.19%
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%
$457,920
$457.9K
Cap Rate 7%
$327,086
$327.1K
Cap Rate 9%
$254,400
$254.4K
Market Conditions
NOI Build-Up for 2,588 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
$44.1K $17.04/SF
− Vacancy
−$2.5K −$0.95/SF
EGI
$41.6K $16.09/SF
− OpEx
−$18.7K −$7.24/SF
NOI
$22.9K $8.85/SF
Area
Lake County, IN
Vacancy
5.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
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%
$457,920
Cap Rate 7%
$327,086
Cap Rate 9%
$254,400
Alternative Uses
Best Use
Apartment 5plus
$327.1K
$286.2K – $381.6K
NOI $22,896 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$722.5K
$632.2K – $842.9K
NOI $50,573 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
32
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Flexible residential income property with two kitchens, finished lower-level living space, and direct access to outdoor areas.
Where is this residential income property located?
The property is located at 17314 Brookwood Drive Lowell, IN.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,588‑square‑foot duplex unit on a 0.1699‑acre lot; Finished walk‑out basement with second full kitchen and full bathroom; Main level includes 2 bedrooms, walk‑in closet, and 2 full bathrooms
