New Duplex with Covered
For Sale
$319,000
6375 Jasmine Avenue, Portage, IN 46368
Residential, Portage, IN
Property Size1,500 SF
Lot Size0.11 Acres
Price / SF$212.67
Days on Market274
Property Features for 6375 Jasmine Avenue
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Dining Room, Laundry Room, Bathroom 2, Bedroom 2
Parking features
Garage, Open
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
Subdivision
The Arbors
Lot features
Back Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Front Yard
Directions
From US 6, go south on Arbors Blvd. Turn right onto Wisteria Ln and follow curve around to Jasmine Ave. Home is on the South side of Jasmine Ave.
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
HOA Fee
$155 Monthly
Legal Description
2ND Replat Of The Arbors Lot 111 .11A Ditch
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
covered back patio
ceiling fans
stainless steel appliances
washer and dryer
Building Details
Year built
2025
Floors in Building
1
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Jeffrey Fryzel
(708) 243-1827
Added: Jan 27
Changed: Oct 27
Last Checked: Oct 28 at 5:06PM
MLS# 833267
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 under-construction duplex in Portage is planned as a 1,500-square-foot residence with three bedrooms, an open-concept great room, dining area, kitchen, laundry room, and two bathrooms. The kitchen includes quartz counters, soft-close cabinetry, a large island, and stainless steel appliances, including a gas range, dishwasher, refrigerator, and microwave. A washer and dryer are also included. Interior finishes include Luxury Vinyl Plank, tile, carpet, walk-in closet shelving, ceiling fans, and Silver Line windows. Heating is provided by an 80 Carrier furnace with 14 SEER A/C, supported by a 40-gallon water heater.
The property includes a finished, insulated garage, open parking, and a covered rear patio. Public water and public sewer serve the residence. Located at 6375 Jasmine Avenue in Portage, the home is scheduled for completion in 2025 and occupies a 0.11-acre lot.
The property includes a finished, insulated garage, open parking, and a covered rear patio. Public water and public sewer serve the residence. Located at 6375 Jasmine Avenue in Portage, the home is scheduled for completion in 2025 and occupies a 0.11-acre lot.
Key Highlights
- Duplex residence with 1,500 square feet and 3 bedrooms
- Under construction with 2025 year built
- Quartz kitchen counters, soft‑close cabinetry, island, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,664
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,280
$273.3K
Cap Rate 7%
$195,200
$195.2K
Cap Rate 9%
$151,822
$151.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$19.5K $13.01/SF
− OpEx
−$5.9K −$3.90/SF
NOI
$13.7K $9.11/SF
Area
Porter County, IN
Vacancy
5.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,280
Cap Rate 7%
$195,200
Cap Rate 9%
$151,822
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 authorities.
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Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Open-concept residence with three bedrooms, included appliances, a garage, and a generous covered outdoor living area.
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: Duplex residence with 1,500 square feet and 3 bedrooms; Under construction with 2025 year built; Quartz kitchen counters, soft‑close cabinetry, island, and stainless steel appliances
