Four-Bedroom Duplex with Finished
For Sale
$340,000
Pending
6760 Coffman Drive, Schererville, IN 46375
Residential, Schererville, IN
Property Size2,470 SF
Lot Size0.29 Acres
Days on Market95
Property Features for 6760 Coffman Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 2, Family Room, Bedroom 3, Bedroom 4, Basement
Parking features
Driveway, Open, Garage
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Stone Counters, Recessed Lighting, Open Floorplan, Eat-in Kitchen, Entrance Foyer
Exterior features
Rain Gutters
Basement
Full, Sump Pump, Daylight, Partially Finished, Storage Space
Appliances
Dryer, Washer, Range Hood, Refrigerator, Gas Range, Dishwasher
Subdivision
Coffman Estates
Lot features
Back Yard, Wooded, Landscaped
Elementary school district
Lake Central
Middle school district
Lake Central
High school district
Lake Central
Directions
Burr St to Phillips Rd.. go W to Coffman Dr.. head S, property on right hand side
Standard status
Pending
APN
451112379001000036
Size
2,470 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COFFMAN ESTATES LOT 5 EX. PT. OF N'LY 86.14FT
Tax Annual Amount
2840
Legal Description
COFFMAN ESTATES LOT 5 EX. PT. OF N'LY 86.14FT
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Listing Agency:
Advanced Real Estate, LLC
(219) 595-2007
Listed By:
Kelly Titus
(219) 742-9248
Added: May 30
Changed: Aug 26
Last Checked: Sep 1 at 9:06PM
MLS# 839847
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 2005 half-duplex residence offers 4 bedrooms, 2 bathrooms, and 2,470 square feet of finished living area. The interior includes vaulted ceilings, an open floor plan, an eat-in kitchen, and a primary bedroom with private bath. A finished basement adds nearly 900 square feet and includes a fourth bedroom or office with egress. Bedroom flooring has been updated with laminate, while both bathrooms feature refreshed vanities, sinks, plumbing, and shower trim in the guest bath.
Set on a 0.29-acre parcel in Schererville, the property has a patio, porch, garage, driveway, and open parking. The backyard looks toward the Erie Lackawanna Bike/Walk Trail. Mechanical improvements include a water heater under one year old, along with newer furnace and central air equipment. Public water and public sewer serve the property, and there is no HOA.
Set on a 0.29-acre parcel in Schererville, the property has a patio, porch, garage, driveway, and open parking. The backyard looks toward the Erie Lackawanna Bike/Walk Trail. Mechanical improvements include a water heater under one year old, along with newer furnace and central air equipment. Public water and public sewer serve the property, and there is no HOA.
Key Highlights
- 4 bedrooms and 2 bathrooms within 2,470 square feet of finished living space
- Finished basement adds nearly 900 square feet and includes a 4th bedroom/office with egress
- Set on a 0.29‑acre parcel with backyard views toward the Erie Lackawanna Bike/Walk Trail
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,555
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,100
$491.1K
Cap Rate 7%
$350,786
$350.8K
Cap Rate 9%
$272,833
$272.8K
Market Conditions
NOI Build-Up for 2,470 SF
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.
Gross rent
$37.1K $15.00/SF
− Vacancy
−$2.0K −$0.80/SF
EGI
$35.1K $14.20/SF
− OpEx
−$10.5K −$4.26/SF
NOI
$24.6K $9.94/SF
Area
Lake County, IN
Vacancy
5.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,100
Cap Rate 7%
$350,786
Cap Rate 9%
$272,833
Alternative Uses
Best Use
Multifamily LT 5
$350.8K
$306.9K – $409.3K
NOI $24,555 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$312.2K
$273.2K – $364.2K
NOI $21,853 @ 7.0% cap · market cap 6.43%
Theoretical Best
Specialty Retail
$689.5K
$603.3K – $804.5K
NOI $48,267 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 46375, IN
24,051
Population
10,064
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,879
Density / Sq Mi
$89,646
Median Household Income
$51,448
Median Earnings
$1,250
Median Rent
$295,400
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 - Half-duplex residence with updated baths, newer mechanical systems, and direct backyard views toward a regional bike and walking trail.
Where is this duplex located?
The property is located at 6760 Coffman Drive Schererville, IN.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 4 bedrooms and 2 bathrooms within 2,470 square feet of finished living space; Finished basement adds nearly 900 square feet and includes a 4th bedroom/office with egress; Set on a 0.29‑acre parcel with backyard views toward the Erie Lackawanna Bike/Walk Trail
