Remodeled 2-Unit
5664 Walter Avenue Hammond, IN 46320
5664 Walter Avenue, Hammond, IN, 46320
$366,500
Pending
For Sale
$366,500
Pending
SINGLE_FAMILY - Hammond, IN
Property Size3,424 SF
Lot Size0.13 Acres
Days on Market125
Property Features for 5664 Walter Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 3, Kitchen, Bedroom 4, Bedroom 8, Bedroom 5, Bathroom 1, Bathroom 4, Basement, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 7
- Parking features
- On Street, Open, Garage
- Interior features
- Entrance Foyer, Recessed Lighting, High Ceilings, Granite Counters, Eat-in Kitchen
- Exterior features
- Private Yard
- Fencing
- Fenced
- Basement
- Interior Entry, Full, Unfinished, Storage Space, Walk-Out Access
- Standard status
- Pending
- APN
- 450236482059000023
- Size
- 3,424 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- E.W. SOHL'S 2ND ADD LOTS 34 & 35
- Tax Annual Amount
- 4832
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
Listing Agency
Kirk & Company Your Home Sold
(219) 281-8502
8219 Wicker Ave, Chesterton, IN
Listed by
Lutrell Kirk
(219) 308-7179
Added: Mar 16 Checked: Jul 18 at 11:06 am
MLS# 835504
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 remodeled 2-unit duplex features two nearly identical layouts, with each unit offering four bedrooms and two bathrooms, including a primary bedroom with a private ensuite. Kitchens include custom cabinetry and granite countertops, and hardwood floors run throughout. A full basement adds additional utility, with separate storage areas for each unit.
Outside, the property includes wood decks, a detached garage, private parking, and a fenced yard. Located in Hammond, the home is described as close to schools, shopping, and dining.
Each unit’s bathroom and kitchen finishes are highlighted with granite countertops, supporting a turnkey feel for owner-occupants or tenants.
Outside, the property includes wood decks, a detached garage, private parking, and a fenced yard. Located in Hammond, the home is described as close to schools, shopping, and dining.
Each unit’s bathroom and kitchen finishes are highlighted with granite countertops, supporting a turnkey feel for owner-occupants or tenants.
Key Highlights
- Remodeled 2‑unit property with almost identical layouts, each offering 4 bedrooms including a primary with private ensuite
- Granite countertops and custom kitchen cabinetry in each unit, plus hardwood floors and recessed lighting
- Full basement with separate storage areas
Local Financial Insights For Apartment 5plus
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 | $58.3k | $17.04 |
| − Vacancy | −$3.3k | −$0.95 |
| EGI | $55.1k | $16.09 |
| − OpEx | −$24.8k | −$7.24 |
| NOI | $30.3k | $8.85 |
3,424 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$486.3K
$425.5K – $567.3K
NOI $34,039 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$432.8K
$378.7K – $504.9K
NOI $30,293 @ 7.0% cap · market cap 8.27%
Theoretical Best
Specialty Retail
$955.8K
$836.4K – $1.12M
NOI $66,909 @ 7.0% cap · market cap 18.26%
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 - Remodeled duplex with two nearly identical 4-bedroom, 2-bath units, each with granite counters and private ensuite.
Where is this duplex located?
The property is located at 5664 Walter Avenue Hammond, IN.
What is the asking price?
The asking price for this property is $366,500.
What are key features of this property?
This property features: Remodeled 2‑unit property with almost identical layouts, each offering 4 bedrooms including a primary with private ensuite; Granite countertops and custom kitchen cabinetry in each unit, plus hardwood floors and recessed lighting; Full basement with separate storage areas
