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Duplex With Finished Basement
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4828 Oak Avenue, Hammond, IN 46327

Two-building rental property with an enclosed porch and adaptable private living area.

Property SizeContact for details
Days on Market205

Property Features for 4828 Oak Avenue

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%
Net Operating Income $12,098

Additional Details

Multifamily Units 2

Building Details

Year Built 1920
Buildings 2
Tenancy Multi
Listing Agency: eXp Realty, LLC
Listed By: Jana Caudill · License #IN
Source: Crexi
Added: Feb 7 Changed: Aug 31 Last Checked: Aug 31 at 1:35AM

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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

This two-unit rental property includes a front single-family residence and a separate rear building. The front home offers an open living and dining area, a spacious kitchen, and a finished basement with an additional bedroom and bathroom. The rear building contains a two-bedroom, one-bath upper unit with an enclosed porch, while the main level provides a separate living area secured by its own locked door.

Both units are fully occupied, with tenant leases extending through January 2027. The property was built in 1920 and is situated in Hammond near schools, shopping, and major roadways. The main-level area in the rear building adds flexibility for recreation, office, guest, or family living use.

Key Highlights

  • Two‑unit rental property with both units fully occupied
  • Tenant leases extend through January 2027
  • Front home includes a finished basement with an additional bedroom and bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center HVAC Service Law Firm Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

375
Businesses Nearby

Demographics for 46327, IN

11,078
Population
4,389
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
77%
High-School Grad
4.6 sq mi
ZIP Area
2,408
Density / Sq Mi
$50,457
Median Household Income
$30,939
Median Earnings
$1,133
Median Rent
$116,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-building rental property with an enclosed porch and adaptable private living area.
Where is this duplex located?
The property is located at 4828 Oak Avenue Hammond, IN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit rental property with both units fully occupied; Tenant leases extend through January 2027; Front home includes a finished basement with an additional bedroom and bath
(219) 661-1256 Call to check price and availability
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