Updated Duplex with Fenced
New
For Sale
$245,500
210 Clinton Street, Lowell, IN 46356
Residential, Lowell, IN
Property Size1,440 SF
Lot Size0.13 Acres
Price / SF$170.49
Days on Market1
Property Features for 210 Clinton Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Dining Room
Parking features
Garage, Driveway
Interior features
Entrance Foyer, Recessed Lighting, Open Floorplan, Laminate Counters
Fencing
Fenced
Appliances
Dryer, Washer, Refrigerator, Range, Dishwasher
Subdivision
East View Terrace
Lot features
Back Yard, Landscaped, Front Yard
Elementary school district
Tri-Creek
Middle school district
Tri-Creek
High school district
Tri-Creek
Directions
east on route to from US 41. Right onto Burr. Left onto heritage. Right onto Clinton. Property on right.
Standard status
Active
APN
451924379020000008
Size
1,440 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
EAST VIEW TERRACE LOT 24 EX. N.42.40FT
Tax Annual Amount
1867
Legal Description
EAST VIEW TERRACE LOT 24 EX. N.42.40FT
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
open-concept layout
updated kitchen
remodeled bathrooms
updated electrical
recessed lighting
bonus room
fenced backyard
concrete patio
Building Details
Year built
1987
Floors in Building
1
Listing Agency:
Langen Realty
(219) 696-2000
Listed By:
Victoria Langen · License #RB22001822
(219) 671-2355
Added: Aug 20
Last Checked: Aug 20 at 11:06PM
MLS# 844083
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 1,440-square-foot duplex, built in 1987, features updated interiors with an open-concept arrangement, refreshed kitchen countertops, remodeled bathrooms, updated electrical service, and recessed lighting. The property includes three bedrooms, two bathrooms, a dining room, laundry room, and a bonus room with access to the backyard. Listed appliances include a range, refrigerator, dishwasher, washer, and dryer.
The 0.1283-acre lot has a fully enclosed yard, updated landscaping, and a concrete patio. Additional property features include a garage, driveway parking, forced-air natural gas heat, public water, and public sewer. The property is located at 210 Clinton Street in Lowell, Indiana, within walking distance of shopping, dining, and everyday amenities. No HOA fees or restrictions are stated.
The 0.1283-acre lot has a fully enclosed yard, updated landscaping, and a concrete patio. Additional property features include a garage, driveway parking, forced-air natural gas heat, public water, and public sewer. The property is located at 210 Clinton Street in Lowell, Indiana, within walking distance of shopping, dining, and everyday amenities. No HOA fees or restrictions are stated.
Key Highlights
- 1,440‑square‑foot duplex on a 0.1283‑acre lot
- Three bedrooms and two bathrooms with an open‑concept layout
- Updated kitchen countertops, remodeled bathrooms, electrical, and recessed lighting
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
$14,316
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
5.83%
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%
$286,320
$286.3K
Cap Rate 7%
$204,514
$204.5K
Cap Rate 9%
$159,067
$159.1K
Market Conditions
NOI Build-Up for 1,440 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
$21.6K $15.00/SF
− Vacancy
−$1.1K −$0.80/SF
EGI
$20.5K $14.20/SF
− OpEx
−$6.1K −$4.26/SF
NOI
$14.3K $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%
$286,320
Cap Rate 7%
$204,514
Cap Rate 9%
$159,067
Alternative Uses
Best Use
Multifamily LT 5
$204.5K
$179.0K – $238.6K
NOI $14,316 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$182.0K
$159.3K – $212.3K
NOI $12,740 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$402.0K
$351.7K – $469.0K
NOI $28,139 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
287
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 - Renovated interiors include an open floor plan, flexible bonus room, and direct backyard access.
Where is this duplex located?
The property is located at 210 Clinton Street Lowell, IN.
What is the asking price?
The asking price for this property is $245,500.
What are key features of this property?
This property features: 1,440‑square‑foot duplex on a 0.1283‑acre lot; Three bedrooms and two bathrooms with an open‑concept layout; Updated kitchen countertops, remodeled bathrooms, electrical, and recessed lighting
