Duplex with Attached
6863 Laurel Ave, Portage, IN 46368
For Sale
$270,000
Two matching residences combine private living space with attached garage access in each unit.
Property Size1,920 SF
Price / SF$140.63
Days on Market9
Property Features for 6863 Laurel Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Coldwell Banker Realty
(269) 469-3950
Listed By:
Josh Biggs · License IN RB18000426
(219) 707-7902
Source:
Exprealty
Added: Nov 1
Changed: Nov 4
Last Checked: Nov 8 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex contains two units, each arranged with two bedrooms, one bathroom, and an attached garage. The property has previously served as a rental, and its two-unit configuration also allows an owner to occupy one residence while leasing the other. Located at 6863 Laurel Ave in Portage, Indiana.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,920‑square‑foot duplex
- Attached garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,490
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,800
$349.8K
Cap Rate 7%
$249,857
$249.9K
Cap Rate 9%
$194,333
$194.3K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$26.5K $13.80/SF
− Vacancy
−$1.5K −$0.79/SF
EGI
$25.0K $13.01/SF
− OpEx
−$7.5K −$3.90/SF
NOI
$17.5K $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%
$349,800
Cap Rate 7%
$249,857
Cap Rate 9%
$194,333
Alternative Uses
Best Use
Multifamily LT 5
$249.9K
$218.6K – $291.5K
NOI $17,490 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,247 @ 7.0% cap · market cap 5.65%
Theoretical Best
Healthcare Medical
$727.7K
$636.7K – $849.0K
NOI $50,939 @ 7.0% cap · market cap 18.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
75
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
$213,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Porter County, IN
Properties on Market for Duplexes in Porter County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences combine private living space with attached garage access in each unit.
Where is this duplex located?
The property is located at 6863 Laurel Ave Portage, IN.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,920‑square‑foot duplex; Attached garage for each unit
