Tenant-Occupied Duplex Income
18 Williams Street Hammond, IN 46320
18 Williams Street, Hammond, IN, 46320
$285,000
For Sale
$285,000
Well-maintained duplex with two tenant-occupied units, updated flooring, and off-street parking plus a one-car garage.
Property Size1,908 SF
Price / SF$149.37
Days on Market1694
Property Features for 18 Williams Street
General Information
- Standard status
- Active
- Size
- 1,908 SF
- Property subtype
- Multi Unit/Income / Income Property
Building Details
- Year Built
- 1920
Listing agency
Generic Office
(219) 508-5555
Listed by
Christine Coughlin · License #RB17000971
(219) 508-5555
Source
Compass
Added: Dec 1, 2021 Updated: Jul 21 at 7:50PM Checked: Jul 21 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Generic Office
Investment Insights
Based on property information with market context.
This well-maintained duplex features two separate, tenant-occupied units. Improvements include new vinyl flooring and refinished flooring throughout both units. The first unit offers three bedrooms and one bathroom, while the second unit provides one bedroom and one bathroom, creating flexibility in the current unit mix.
The property includes off-street parking and a one-car garage, supporting convenient vehicle storage for residents.
As an income-producing residential property for sale, it is currently producing rental income with both units already occupied.
The property includes off-street parking and a one-car garage, supporting convenient vehicle storage for residents.
As an income-producing residential property for sale, it is currently producing rental income with both units already occupied.
Key Highlights
- Two‑unit duplex with both units tenant‑occupied for immediate rental income
- Unit mix: one 3‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit
- Updated flooring including new vinyl flooring and refinished flooring in both units
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 | $28.6k | $15.00 |
| − Vacancy | −$1.5k | −$0.80 |
| EGI | $27.1k | $14.20 |
| − OpEx | −$8.1k | −$4.26 |
| NOI | $19.0k | $9.94 |
1,908 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.1K – $316.1K
NOI $18,968 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$241.1K
$211.0K – $281.3K
NOI $16,880 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$532.6K
$466.1K – $621.4K
NOI $37,285 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two tenant-occupied units, updated flooring, and off-street parking plus a one-car garage.
Where is this duplex located?
The property is located at 18 Williams Street Hammond, IN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with both units tenant‑occupied for immediate rental income; Unit mix: one 3‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit; Updated flooring including new vinyl flooring and refinished flooring in both units
