Renovated
For Sale
$189,000
528 Circle Dr, La Porte, IN 46350
Separate gas and electric meters support independent utility service for the two units.
Property Size1,392 SF
Price / SF$135.78
Days on Market14
Property Features for 528 Circle Dr
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$758
Amenities
private backyard area with a fire pit
off-street parking
Listing Agency:
MTM Realty Group
(219) 324-4640
Listed By:
Ashlan Siford · License #RB22000833
(219) 363-6315
Source:
Exprealty
Added: Sep 24
Changed: Oct 6
Last Checked: Oct 6 at 2:44AM
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 MTM Realty Group
Investment Insights
Based on property information with market context.
This renovated duplex contains 1,392 square feet, with each residence offering two bedrooms and one bathroom. Updated finishes are in place throughout, and each unit has a private backyard area with a fire pit.
Separate gas and electric meters serve the units. Off-street parking is also provided at the property in La Porte, Indiana.
Separate gas and electric meters serve the units. Off-street parking is also provided at the property in La Porte, Indiana.
Key Highlights
- 1,392‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units
- Renovated interiors with updated finishes
- Separate gas and electric meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,841
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,820
$256.8K
Cap Rate 7%
$183,443
$183.4K
Cap Rate 9%
$142,678
$142.7K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$18.8K $13.50/SF
− Vacancy
−$447 −$0.32/SF
EGI
$18.3K $13.18/SF
− OpEx
−$5.5K −$3.95/SF
NOI
$12.8K $9.23/SF
Area
LaPorte County, IN
Vacancy
2.38%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,820
Cap Rate 7%
$183,443
Cap Rate 9%
$142,678
Alternative Uses
Best Use
Multifamily LT 5
$183.4K
$160.5K – $214.0K
NOI $12,841 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$160.0K
$140.0K – $186.6K
NOI $11,197 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$387.0K
$338.6K – $451.5K
NOI $27,089 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 46350, IN
44,522
Population
19,576
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
193.5 sq mi
ZIP Area
230
Density / Sq Mi
$75,311
Median Household Income
$44,309
Median Earnings
$920
Median Rent
$199,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters support independent utility service for the two units.
Where is this duplex located?
The property is located at 528 Circle Dr La Porte, IN.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,392‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units; Renovated interiors with updated finishes; Separate gas and electric meters for the units
