Ranch Half-Duplex with
4411 W 92nd Place Merrillville, IN 46410
4411 W 92nd Place, Merrillville, IN, 46410
$250,000
For Sale
$250,000
SINGLE_FAMILY - Merrillville, IN
Property Size1,800 SF
Lot Size0.15 Acres
Price / SF$138.89
Days on Market30
Property Features for 4411 W 92nd Place
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Laundry Room, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Great Room, Bedroom 1
- Parking features
- Open, Garage
- Patio and Porch features
- Porch
- Interior features
- Cathedral Ceiling(s), Country Kitchen, Vaulted Ceiling(s), High Ceilings, Eat-in Kitchen, Entrance Foyer, Ceiling Fan(s)
- Appliances
- Dryer, Washer, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher, Disposal
- Standard status
- Active
- APN
- 451230355005000030
- Size
- 1,800 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- TEAL CROSSING UNIT 1 LOT 26 EX. W.45FT
- Tax Annual Amount
- 2755
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 2003
- Floors in Building
- 1
Listing Agency
Realty Executives Premier
(219) 462-2224
21 E. US Highway 30, Valparaiso, IN
Listed by
John Consier
(219) 713-0943
Added: Jun 19 Checked: Jul 18 at 4:06 am
MLS# 840959
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 ranch-style 1/2 duplex offers 3 bedrooms and 2 bathrooms, with a large entry foyer providing a flow from the front door through the garage, laundry, and main living area. The owner’s suite is large (17' x 13') with cathedral ceilings and a private bath. The great room also features cathedral ceilings and connects to a dining area with a window from the kitchen, and it opens to a sunroom. The property includes a laundry room with washer and dryer. Central HVAC serves the home, while the sunroom does not have central HVAC. The sunroom is part of an additional 168 square feet included with the stated 1,800 square feet total living area, and the large patio door from the great room allows heat and A/C to enter when open. An electric fireplace is noted as not included.
Located in Merrillville, Indiana, the home has no houses behind it and backs up to a wooded area. The property includes a 2-car garage and no HOA.
Located in Merrillville, Indiana, the home has no houses behind it and backs up to a wooded area. The property includes a 2-car garage and no HOA.
Key Highlights
- Ranch‑style 1/2 duplex built in 2003 with 3 bedrooms and 2 bathrooms
- 1800 SF total includes a sunroom (additional 168 SF); central HVAC in the main home
- Large 2‑car garage plus open 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 | $27.0k | $15.00 |
| − Vacancy | −$1.4k | −$0.80 |
| EGI | $25.6k | $14.20 |
| − OpEx | −$7.7k | −$4.26 |
| NOI | $17.9k | $9.94 |
1,800 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.6K
$223.7K – $298.3K
NOI $17,895 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$227.5K
$199.1K – $265.4K
NOI $15,925 @ 7.0% cap · market cap 6.37%
Theoretical Best
Specialty Retail
$502.5K
$439.7K – $586.2K
NOI $35,174 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Ranch-style 1/2 duplex with 3 bedrooms, 2 baths, a 2-car garage, and a sunroom plus patio access.
Where is this duplex located?
The property is located at 4411 W 92nd Place Merrillville, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Ranch‑style 1/2 duplex built in 2003 with 3 bedrooms and 2 bathrooms; 1800 SF total includes a sunroom (additional 168 SF); central HVAC in the main home; Large 2‑car garage plus open parking
