321 Hoffman Court Crown Point, IN 46307
Small multifamily asset with 22 units on approximately one acre in Crown Point, Indiana.
Property Features for 321 Hoffman Court
General Information
- Standard status
- Active
- Size
- 11,868 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1965
Listing office Advanced Real Estate, LLC (219) 746-2693
Listing date May 26, 2026
Source Compass
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 Advanced Real Estate, LLC
Investment Insights
Based on property information with market context.
The property is located in the heart of Crown Point, Indiana, about one block from the city’s Bulldog Park entertainment district. It is also described as walkable to downtown shopping, dining, events, and employers.
Additional property details, unit mix, and condition information are not provided in the available materials.
Key Highlights
- 22‑unit multifamily asset on approximately 1 acre in Crown Point, Indiana
- Built in 1965
- Brick and stone construction with shingle roof
Local Financial Insights For Apartment 5plus
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 | $202.2k | $17.04 |
| − Vacancy | −$11.3k | −$0.95 |
| EGI | $190.9k | $16.09 |
| − OpEx | −$85.9k | −$7.24 |
| NOI | $105.0k | $8.85 |
