Paired Villa
6375 Jasmine Avenue Portage, IN 46368
6375 Jasmine Avenue, Portage, IN, 46368
$319,000
For Sale
$319,000
SINGLE_FAMILY - Portage, IN
Property Size1,500 SF
Lot Size0.11 Acres
Price / SF$212.67
Days on Market172
Property Features for 6375 Jasmine Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Dining Room, Bathroom 2, Bathroom 1, Laundry Room, Bedroom 3, Bedroom 2
- Parking features
- Open, Garage
- Patio and Porch features
- Patio
- Interior features
- Cathedral Ceiling(s), Walk-In Closet(s), Kitchen Island, Granite Counters, Ceiling Fan(s)
- Appliances
- Dryer, Washer, Refrigerator, Microwave, Gas Range, Dishwasher
- Standard status
- Active
- APN
- 640525203019000016
- Size
- 1,500 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 2ND Replat Of The Arbors Lot 111 .11A Ditch
- Tax Annual Amount
- 6
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
Listing Agency
McColly Real Estate
(219) 322-5508
850 Deer Creek Dr, Schererville, IN
Listed by
Jeffrey Fryzel · License #475168697
(708) 243-1827
Added: Jan 27 Checked: Jul 18 at 8:06 am
MLS# 833267
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 custom-built paired villa offers light-filled, open-concept living space with three bedrooms and quality interior finishes throughout. The layout includes a great room, kitchen with quartz countertops, soft-close cabinetry, and a large island, with stainless steel appliances plus a washer and dryer included. Comfort is supported by ceiling fans in all bedrooms and the great room, Silver Line windows, and interior flooring featuring luxury vinyl plank, tile, and carpet. Additional features include Rubbermaid closet shelving and stone masonry accents, along with an insulated, finished garage.
The home includes a large covered back patio for outdoor relaxing. Mechanical highlights cited include an 80 Carrier furnace, 14 SEER A/C, and a 40-gallon water heater. The property is presented as ready now, with additional Juniper plan homes and other designs described as coming soon.
The home includes a large covered back patio for outdoor relaxing. Mechanical highlights cited include an 80 Carrier furnace, 14 SEER A/C, and a 40-gallon water heater. The property is presented as ready now, with additional Juniper plan homes and other designs described as coming soon.
Key Highlights
- Under construction custom‑built paired villa with 1,500 sq ft of light‑filled living space
- 3 bedrooms with walk‑in closets; one bedroom includes a flexible office option
- Open‑concept great room and kitchen with large island and quartz countertops plus soft‑close cabinetry
Local 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 | $20.7k | $13.80 |
| − Vacancy | −$1.2k | −$0.79 |
| EGI | $19.5k | $13.01 |
| − OpEx | −$5.9k | −$3.90 |
| NOI | $13.7k | $9.11 |
1,500 SF · lease $13.80/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.7K
NOI $13,664 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$170.2K
$148.9K – $198.5K
NOI $11,912 @ 7.0% cap · market cap 3.73%
Theoretical Best
Healthcare Medical
$568.5K
$497.5K – $663.3K
NOI $39,796 @ 7.0% cap · market cap 12.48%
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 - Custom-built paired villa with three bedrooms, a finished insulated garage, and a covered patio.
Where is this duplex located?
The property is located at 6375 Jasmine Avenue Portage, IN.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Under construction custom‑built paired villa with 1,500 sq ft of light‑filled living space; 3 bedrooms with walk‑in closets; one bedroom includes a flexible office option; Open‑concept great room and kitchen with large island and quartz countertops plus soft‑close cabinetry
