Two-Bedroom
530 Cochran Drive, Crown Point, IN 46307
For Sale
$279,000
Residential, Crown Point, IN
Property Size1,311 SF
Lot Size0.12 Acres
Price / SF$212.81
Days on Market48
Property Features for 530 Cochran Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Fireplace
Basement
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
front porch
fireplace
Building Details
Year built
Floors in Building
Listing Agency:
Better Homes and Gardens Real · Better Homes and Gardens Real Estate
(219) 999-8990
Listed By:
Michael Borowiec
(219) 718-5321
Added: Sep 23
Changed: Oct 29
Last Checked: Nov 9 at 2:06PM
MLS# 845810
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.
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Investment Insights
Based on property information with market context.
This 1,311-square-foot half-duplex, built in 2005, offers two bedrooms and two full bathrooms in a practical residential layout. Interior features include an open floor plan, eat-in kitchen, pantry, walk-in closet, laminate counters, ceiling fans, and a fireplace in the living area. The home also includes a laundry room and a front porch.
Appliances include a range, microwave, refrigerator, dishwasher, disposal, washer, dryer, and stainless steel appliances. Heating is provided by natural gas forced air, with public water and public sewer serving the property. The 0.1221-acre lot includes a garage, driveway, open parking, on-street parking, rain gutters, and a gas water heater.
Appliances include a range, microwave, refrigerator, dishwasher, disposal, washer, dryer, and stainless steel appliances. Heating is provided by natural gas forced air, with public water and public sewer serving the property. The 0.1221-acre lot includes a garage, driveway, open parking, on-street parking, rain gutters, and a gas water heater.
Key Highlights
- Two‑bedroom, two‑bath half‑duplex with 1,311 square feet
- Built in 2005 on a 0.1221‑acre lot
- Open floor plan with eat‑in kitchen, pantry, and laminate counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,599
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,980
$232.0K
Cap Rate 7%
$165,700
$165.7K
Cap Rate 9%
$128,878
$128.9K
Market Conditions
NOI Build-Up for 1,311 SF
Gross rent
$22.3K $17.04/SF
− Vacancy
−$1.3K −$0.95/SF
EGI
$21.1K $16.09/SF
− OpEx
−$9.5K −$7.24/SF
NOI
$11.6K $8.85/SF
Area
Lake County, IN
Vacancy
5.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,980
Cap Rate 7%
$165,700
Cap Rate 9%
$128,878
Alternative Uses
Best Use
Apartment 5plus
$165.7K
$145.0K – $193.3K
NOI $11,599 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$366.0K
$320.2K – $427.0K
NOI $25,619 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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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
$293,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Lake County, IN
Properties on Market for Residential income properties in Lake County
Frequently Asked Questions
What type of property is this?
Residential income property - Low-maintenance home with two full baths, a front porch, and an attached garage.
Where is this residential income property located?
The property is located at 530 Cochran Drive Crown Point, IN.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath half‑duplex with 1,311 square feet; Built in 2005 on a 0.1221‑acre lot; Open floor plan with eat‑in kitchen, pantry, and laminate counters
