Maintained Half Duplex
3446 E 69th Avenue Merrillville, IN 46410
3446 E 69th Avenue, Merrillville, IN, 46410
$245,000
For Sale
$245,000
SINGLE_FAMILY - Merrillville, IN
Property Size1,440 SF
Lot Size0.34 Acres
Price / SF$170.14
Days on Market136
Property Features for 3446 E 69th Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Dining Room, Bedroom 3, Laundry Room
- Parking features
- Garage, Driveway
- Interior features
- Ceiling Fan(s)
- Appliances
- Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Cooktop, Dishwasher
- Standard status
- Active
- APN
- 451212351007000046
- Size
- 1,440 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- ROSS HOMESTEADS LOT 5 EX. W.52.5FT
- Tax Annual Amount
- 3470
Utilities
- Utilities
- Water Available
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Natural Gas
- Water source
- Well
Building Details
- Year built
- 1999
- Floors in Building
- 1
Listing Agency
Absolute Realty Solutions LLC
(219) 237-4519
1132 N 300 W, Merrillville, IN
Listed by
Yesenia Flores
(219) 940-8998
Added: Mar 4 Checked: Jul 18 at 4:06 pm
MLS# 834858
Listing URL
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 maintained half duplex offers one-level living with a practical layout featuring 3 bedrooms and 1.5 bathrooms. An attached garage adds everyday convenience, and the property also includes outdoor space for everyday use.
Located in Merrillville, Indiana, the home sits on a 0.34-acre lot.
With 1,440 square feet of living area, the configuration supports comfortable day-to-day living centered on the three-bedroom, 1.5-bath plan and the attached garage.
Located in Merrillville, Indiana, the home sits on a 0.34-acre lot.
With 1,440 square feet of living area, the configuration supports comfortable day-to-day living centered on the three-bedroom, 1.5-bath plan and the attached garage.
Key Highlights
- Maintained half duplex with one‑level living layout
- 3 bedrooms and 1.5 baths
- Attached garage plus driveway parking
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 | $21.6k | $15.00 |
| − Vacancy | −$1.1k | −$0.80 |
| EGI | $20.5k | $14.20 |
| − OpEx | −$6.1k | −$4.26 |
| NOI | $14.3k | $9.94 |
1,440 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.5K
$179.0K – $238.6K
NOI $14,316 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$182.0K
$159.3K – $212.3K
NOI $12,740 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$402.0K
$351.7K – $469.0K
NOI $28,139 @ 7.0% cap · market cap 11.49%
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 - Maintained half duplex with one-level living, 3 bedrooms, 1.5 baths, and an attached garage.
Where is this duplex located?
The property is located at 3446 E 69th Avenue Merrillville, IN.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Maintained half duplex with one‑level living layout; 3 bedrooms and 1.5 baths; Attached garage plus driveway parking
