Duplex with Covered
For Sale
$302,826
6176 River Run Avenue, Portage, IN 46368
SINGLE_FAMILY - Portage, IN
Property Size1,429 SF
Lot Size0.15 Acres
Price / SF$211.91
Days on Market141
Property Features for 6176 River Run Avenue
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Laundry Room, Great Room, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Garage
Window features
Insulated Windows
Patio and Porch features
Porch
Interior features
Entrance Foyer, Walk-In Closet(s), Stone Counters, Recessed Lighting, Open Floorplan, Kitchen Island, High Ceilings, Eat-in Kitchen
Exterior features
Rain Gutters
Appliances
Disposal, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher
Subdivision
Rivertrace
Lot features
Back Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Front Yard, Few Trees
Directions
Willowcreek Rd to Lute Rd., Lute Rd. to River Run Ave.
Standard status
Active
APN
640524327082000016
Size
1,429 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Rivertrace Subdivision - Phase 1 Lot 39B .153A
HOA Fee
$155 Monthly
Legal Description
Rivertrace Subdivision - Phase 1 Lot 39B .153A
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
integrated LED lighting
stainless steel appliances
walk-in pantry
covered patio
utility tub
tankless water supply
energy efficient windows
landscaped yard with irrigation
Building Details
Year built
2026
Floors in Building
1
Listing Agency:
Realty Executives Premier · Realty Executives International
(219) 462-2224
Listed By:
Alexander Nickla
(219) 510-7199
Added: Mar 16
Changed: Aug 1
Last Checked: Aug 3 at 3:06AM
MLS# 835530
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.
Under construction duplex home with an open layout that features a spacious great room and dining area open to the kitchen. Interior highlights include 9' ceilings, recessed lighting, stone counters, an eat-in kitchen with a kitchen island, and a walk-in pantry. Bedrooms and baths include a primary suite with a private bath and a large walk-in closet. A dedicated laundry room includes a utility tub. The home is equipped with a tankless water supply and is heated with natural gas forced air. Appliances include a refrigerator, microwave, gas range, dishwasher, and disposal.
Exterior features include rain gutters and a porch, plus a covered patio for outdoor use. The yard is described as low maintenance with full sod, landscaping, and irrigation. Parking is available via a garage. The property has public water and public sewer, with cable available.
Built in 2026, the home includes a 10-year structural warranty and a 4-year workmanship period on the roof.
Exterior features include rain gutters and a porch, plus a covered patio for outdoor use. The yard is described as low maintenance with full sod, landscaping, and irrigation. Parking is available via a garage. The property has public water and public sewer, with cable available.
Built in 2026, the home includes a 10-year structural warranty and a 4-year workmanship period on the roof.
Key Highlights
- Duplex home under construction for 2026 delivery
- 9' ceilings with recessed lighting and integrated LED lighting
- Stone counters, kitchen island, and walk‑in pantry
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 | $19.7k | $13.80 |
| − Vacancy | −$1.1k | −$0.79 |
| EGI | $18.6k | $13.01 |
| − OpEx | −$5.6k | −$3.90 |
| NOI | $13.0k | $9.11 |
1,429 SF · lease $13.80/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$186.0K
$162.7K – $217.0K
NOI $13,017 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$162.1K
$141.9K – $189.1K
NOI $11,348 @ 7.0% cap · market cap 3.75%
Theoretical Best
Healthcare Medical
$541.6K
$473.9K – $631.9K
NOI $37,912 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 46368, IN
39,837
Population
16,870
Households
2.4
Avg Household Size
39
Median Age
18%
College-Educated
90%
High-School Grad
25.3 sq mi
ZIP Area
1,575
Density / Sq Mi
$72,638
Median Household Income
$42,508
Median Earnings
$1,140
Median Rent
$213,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Low-maintenance duplex home under construction with a covered patio, tankless water heater, and public utilities.
Where is this duplex located?
The property is located at 6176 River Run Avenue Portage, IN.
What is the asking price?
The asking price for this property is $302,826.
What are key features of this property?
This property features: Duplex home under construction for 2026 delivery; 9' ceilings with recessed lighting and integrated LED lighting; Stone counters, kitchen island, and walk‑in pantry
