Two-Unit Residential Income
327 Planett Street La Porte, IN 46350
327 Planett Street, La Porte, IN, 46350
$210,000
Pending
For Sale
$210,000
Pending
Two-bedroom, one-bath units on separate levels with enclosed parking spot and basement storage with laundry hook-ups.
Property Size2,325 SF
Days on Market426
Property Features for 327 Planett Street
General Information
- Standard status
- Pending
- Size
- 2,325 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing agency
Blackrock Real Estate Services
(219) 871-9385
Listed by
Pat Mathews-Janasiak · License #RB14038703
(219) 871-9385
Source
Exitrealty
Added: May 22, 2025 Updated: Jul 21 at 4:40AM Checked: Jul 21 at 4:40AM
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 Blackrock Real Estate Services
Investment Insights
Based on property information with market context.
This two-unit residential income property offers two bedrooms and one bathroom on each level. The layout includes hardwood flooring and a front enclosed porch, with front and back stairwells providing access between levels. Outside, there is a nice back yard. Storage is available in the basement, which also includes laundry hook-ups, and kitchen appliances are provided by the owner.
The property is subject to tenants’ rights, with leases scheduled to end in July and September 2025. Each unit features its own functional configuration within the duplex, supporting continued occupancy through the lease terms.
An enclosed parking spot is available on-site (no garage doors), complementing the covered porch and outdoor yard space for daily use.
The property is subject to tenants’ rights, with leases scheduled to end in July and September 2025. Each unit features its own functional configuration within the duplex, supporting continued occupancy through the lease terms.
An enclosed parking spot is available on-site (no garage doors), complementing the covered porch and outdoor yard space for daily use.
Key Highlights
- 2‑unit property built in 1935 with two separate 2‑bedroom, 1‑bath units on separate levels
- Good rental history; subject to tenant rights with leases ending July and September 2025
- Hardwood flooring and enclosed front porch; front and back stairwells
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 | $34.9k | $15.00 |
| − Vacancy | −$872 | −$0.38 |
| EGI | $34.0k | $14.63 |
| − OpEx | −$15.3k | −$6.58 |
| NOI | $18.7k | $8.04 |
2,325 SF · lease $15.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.4K
$268.1K – $357.5K
NOI $21,448 @ 7.0% cap · market cap 10.21%
Second Best
Apartment 5plus
$267.2K
$233.8K – $311.7K
NOI $18,702 @ 7.0% cap · market cap 8.91%
Theoretical Best
Specialty Retail
$646.4K
$565.6K – $754.1K
NOI $45,245 @ 7.0% cap · market cap 21.55%
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 - Two-bedroom, one-bath units on separate levels with enclosed parking spot and basement storage with laundry hook-ups.
Where is this duplex located?
The property is located at 327 Planett Street La Porte, IN.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 2‑unit property built in 1935 with two separate 2‑bedroom, 1‑bath units on separate levels; Good rental history; subject to tenant rights with leases ending July and September 2025; Hardwood flooring and enclosed front porch; front and back stairwells
