Maintained Duplex with
For Sale
$349,900
Pending
430 Holley Drive, Crown Point, IN 46307
Residential, Crown Point, IN
Property Size1,658 SF
Lot Size0.12 Acres
Days on Market54
Property Features for 430 Holley Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Kitchen, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2
Parking features
Garage
Patio and Porch features
Porch, Patio
Interior features
Cathedral Ceiling(s), Entrance Foyer, Ceiling Fan(s)
Appliances
Dryer, Washer, Refrigerator, Microwave, Gas Range, Dishwasher, Disposal
Subdivision
Royal Hawk
Lot features
Back Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Few Trees
Directions
CONSTRUCTION BLOCKING THE ENTRANCE OFF OF MAIN- TURN BY THE LIGHT ON Main Street ACROSS FROM JEWEL AND TAKE THE FRONT ROAD DOWN TO JUST PAST AMERICAN LEGION NORTH TO HOLLEY DRIVE
Standard status
Pending
APN
451232353018000029
Size
1,658 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROYAL HAWK W.37.50FT OF LOT 27
Tax Annual Amount
2582
HOA Fee
$270 Quarterly
Legal Description
ROYAL HAWK W.37.50FT OF LOT 27
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
tubular skylight
sunroom
patio
retractable awning
attached garage
Building Details
Year built
2005
Floors in Building
1
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Lisa Grady · License #RB14039656
(219) 308-6237
Added: Jul 12
Changed: Sep 2
Last Checked: Sep 3 at 7:06PM
MLS# 842158
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 1,658-square-foot duplex, built in 2005, offers a two-bedroom layout with two bathrooms and a separate flex room suitable for an office, den, or guest area. The interior includes an open kitchen with a tubular skylight, glass tile backsplash, and included appliances, along with a living room, sunroom, laundry room, entrance foyer, cathedral ceiling, and ceiling fans. Natural gas forced-air heating serves the residence.
The property occupies a 0.12-acre corner lot in Crown Point, Indiana. Exterior improvements include professional landscaping, a patio, porch, and retractable Sunsetter awning. An attached garage features a newer epoxy floor, while public water and public sewer support the property.
The property occupies a 0.12-acre corner lot in Crown Point, Indiana. Exterior improvements include professional landscaping, a patio, porch, and retractable Sunsetter awning. An attached garage features a newer epoxy floor, while public water and public sewer support the property.
Key Highlights
- 1,658 SF duplex built in 2005
- Two bedrooms, two bathrooms, and a separate flex room
- Sunroom, patio, porch, and retractable Sunsetter awning
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
$16,483
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
4.71%
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%
$329,660
$329.7K
Cap Rate 7%
$235,471
$235.5K
Cap Rate 9%
$183,144
$183.1K
Market Conditions
NOI Build-Up for 1,658 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
$24.9K $15.00/SF
− Vacancy
−$1.3K −$0.80/SF
EGI
$23.5K $14.20/SF
− OpEx
−$7.1K −$4.26/SF
NOI
$16.5K $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%
$329,660
Cap Rate 7%
$235,471
Cap Rate 9%
$183,144
Alternative Uses
Best Use
Multifamily LT 5
$235.5K
$206.0K – $274.7K
NOI $16,483 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$209.6K
$183.4K – $244.5K
NOI $14,669 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$462.8K
$405.0K – $540.0K
NOI $32,399 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 46307, IN
69,248
Population
26,081
Households
2.7
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
87.2 sq mi
ZIP Area
794
Density / Sq Mi
$102,118
Median Household Income
$50,612
Median Earnings
$1,308
Median Rent
$293,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residence with flexible bonus space, attached garage, and public utilities.
Where is this duplex located?
The property is located at 430 Holley Drive Crown Point, IN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,658 SF duplex built in 2005; Two bedrooms, two bathrooms, and a separate flex room; Sunroom, patio, porch, and retractable Sunsetter awning
