Top-Bottom Duplex Income
334 W 5Th Street Auburn, IN 46706
New
334 W 5Th Street, Auburn, IN, 46706
$185,000
For Sale
$185,000
MULTI_FAMILY - Auburn, IN
Property Size1,748 SF
Lot Size0.10 Acres
Price / SF$105.84
Days on Market2
Property Features for 334 W 5Th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Basement, Bedroom 2
- Standard status
- Active
- APN
- 17-06-29-353-022.000-025
- Size
- 1,748 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- RALSTON'S ADD S1/2 LOT 35
- Tax Annual Amount
- 900
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Architectural style
- Other
Listing Agency
Mike Thomas Assoc., Inc
(260) 489-2000
9601 Coldwater Road, Fort Wayne, IN
Listed by
Andrea Shepherd · License #RB14044805
(260) 433-9500
Added: Jul 16 Checked: Jul 17 at 5:06 am
MLS# 202628544
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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 top-bottom duplex is set up for immediate income, with the bottom unit currently leased through April 2027 and the top unit vacant and ready for new occupancy. The property includes a brand-new roof and gutters installed one year ago.
Tenants cover all utilities, and professional property management is already in place and available to remain with the sale. There is also an existing waiting list of qualified applicants for the top unit.
The duplex totals 1,748 square feet of residential income space on a 0.1-acre lot and is located at 334 W 5th Street in Auburn, Indiana (DeKalb County).
Tenants cover all utilities, and professional property management is already in place and available to remain with the sale. There is also an existing waiting list of qualified applicants for the top unit.
The duplex totals 1,748 square feet of residential income space on a 0.1-acre lot and is located at 334 W 5th Street in Auburn, Indiana (DeKalb County).
Key Highlights
- Top/bottom duplex with bottom unit leased through April 2027 and the top unit currently vacant
- Brand‑new roof and gutters, approximately 1 year old
- Tenants cover all utilities
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 | $23.1k | $13.20 |
| − Vacancy | −$1.2k | −$0.70 |
| EGI | $21.8k | $12.50 |
| − OpEx | −$6.6k | −$3.75 |
| NOI | $15.3k | $8.75 |
1,748 SF · lease $13.20/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$218.5K
$191.2K – $254.9K
NOI $15,292 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$202.3K
$177.0K – $236.0K
NOI $14,158 @ 7.0% cap · market cap 7.65%
Theoretical Best
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,368 @ 7.0% cap · market cap 54.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Top unit is vacant and ready to occupy, while bottom unit is leased through April 2027.
Where is this duplex located?
The property is located at 334 W 5Th Street Auburn, IN.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Top/bottom duplex with bottom unit leased through April 2027 and the top unit currently vacant; Brand‑new roof and gutters, approximately 1 year old; Tenants cover all utilities
