Modern Duplex
For Sale
$309,900
1835 E 110th Place, Crown Point, IN 46307
Residential, Crown Point, IN
Property Size1,860 SF
Lot Size0.09 Acres
Price / SF$166.61
Days on Market117
Property Features for 1835 E 110th Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Dining Room, Bathroom 1, Bedroom 2, Bathroom 3, Laundry Room, Bedroom 3, Bedroom 1
Parking features
Open, Garage, Driveway
Patio and Porch features
Patio
Interior features
Pantry, Walk-In Closet(s), Stone Counters, Recessed Lighting
Appliances
Dryer, Washer, Refrigerator, Microwave, Gas Range, Dishwasher
Subdivision
Heather Ridge Sub
Lot features
Back Yard, Landscaped, Front Yard, Few Trees
High school
Crown Point High School
Elementary school district
Crown Point
Middle school district
Crown Point
High school district
Crown Point
Directions
From I-65 South, take exit 249 (109th Ave), turn east onto 109th. Roundabout is about 1/4 mile and make left to exit to Mississippi. Left onto E 110th Ln, Left onto Illinois Dr, Right onto 110th PL
Standard status
Active
APN
451611104007000042
Size
1,860 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HEATHER RIDGE SUB. UNIT 1 LOT D26 EX. E.33.46FT.
Tax Annual Amount
2567
HOA Fee
$150 Monthly
Legal Description
HEATHER RIDGE SUB. UNIT 1 LOT D26 EX. E.33.46FT.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
patio
park
common green space
Building Details
Year built
2022
Floors in Building
2
Listing Agency:
Better Homes and Gardens Real · Better Homes and Gardens Real Estate
(219) 999-8990
Listed By:
Amy Blanton
(219) 613-2363
Added: May 7
Changed: Aug 30
Last Checked: Aug 31 at 5:06AM
MLS# 838407
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 1,860-square-foot duplex property was built in 2022 and features a three-bedroom, 2.5-bath layout with an open main level and natural-light-filled interiors. Finishes include luxury vinyl plank flooring, white cabinetry, quartz countertops, stainless steel appliances, recessed lighting, and a dining area with patio access. The upper level includes a primary suite with dual walk-in closets, a double-bowl vanity, and a tiled walk-in shower with a built-in seat. Two additional bedrooms, a full guest bath, and second-floor laundry complete the interior. A two-car garage, driveway, public water, and public sewer provide additional functionality.
The property is located in Crown Point within the Crown Point School District, with access to I-65, downtown Crown Point, shopping, dining, parks, and everyday services. Neighborhood amenities include a park and common green space, while the HOA maintains lawn care and snow removal.
The property is located in Crown Point within the Crown Point School District, with access to I-65, downtown Crown Point, shopping, dining, parks, and everyday services. Neighborhood amenities include a park and common green space, while the HOA maintains lawn care and snow removal.
Key Highlights
- 1,860 SF duplex property built in 2022
- Three bedrooms and 2.5 bathrooms with an open‑concept main level
- Quartz countertops, stainless steel appliances, and luxury vinyl plank flooring
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
$18,491
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
5.97%
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%
$369,820
$369.8K
Cap Rate 7%
$264,157
$264.2K
Cap Rate 9%
$205,456
$205.5K
Market Conditions
NOI Build-Up for 1,860 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
$27.9K $15.00/SF
− Vacancy
−$1.5K −$0.80/SF
EGI
$26.4K $14.20/SF
− OpEx
−$7.9K −$4.26/SF
NOI
$18.5K $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%
$369,820
Cap Rate 7%
$264,157
Cap Rate 9%
$205,456
Alternative Uses
Best Use
Multifamily LT 5
$264.2K
$231.1K – $308.2K
NOI $18,491 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$235.1K
$205.7K – $274.3K
NOI $16,456 @ 7.0% cap · market cap 5.31%
Theoretical Best
Specialty Retail
$519.2K
$454.3K – $605.8K
NOI $36,347 @ 7.0% cap · market cap 11.73%
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
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 46307, IN
69,248
Population
26,081
Households
2.7
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
87.2 sq mi
ZIP Area
794
Density / Sq Mi
$102,118
Median Household Income
$50,612
Median Earnings
$1,308
Median Rent
$293,500
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 - Built in 2022 with contemporary finishes, a two-car garage, patio, and HOA-maintained lawn and snow services.
Where is this duplex located?
The property is located at 1835 E 110th Place Crown Point, IN.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 1,860 SF duplex property built in 2022; Three bedrooms and 2.5 bathrooms with an open‑concept main level; Quartz countertops, stainless steel appliances, and luxury vinyl plank flooring
