Paired Villa Under
7076 Johnson Street Merrillville, IN 46410
7076 Johnson Street, Merrillville, IN, 46410
$294,885
For Sale
$294,885
SINGLE_FAMILY - Merrillville, IN
Property Size1,292 SF
Lot Size0.14 Acres
Price / SF$228.24
Days on Market22
Property Features for 7076 Johnson Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Basement, Laundry Room, Bathroom 1, Bedroom 2, Bathroom 2, Great Room, Bedroom 1
- Parking features
- Garage, Driveway, On Street, Off Street, Open
- Patio and Porch features
- Porch, Patio
- Interior features
- Double Vanity, Walk-In Closet(s), Stone Counters, Open Floorplan, Kitchen Island, High Ceilings, Entrance Foyer
- Basement
- Unfinished
- Standard status
- Active
- APN
- 451216156011000030
- Size
- 1,292 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SAVANNAH COVE PHASE 1 PT. OF LOT 22 (7076 JOHNSON ST)
- Tax Annual Amount
- 70
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Energy Star Qualified Equipment (Heating), Forced Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
Listing Agency
Better Homes and Gardens Real
(219) 999-8990
1624 Summit St, Crown Point, IN
Listed by
Frederick Long · License #RB20000411
(219) 406-6927
Added: Jun 27 Checked: Jul 18 at 4:06 am
MLS# 841380
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.
Under construction at Savannah Cove, the Dogwood is a paired villa designed for low-maintenance living with single-level convenience plus a basement with crawl space. The planned layout features 2 bedrooms and 2 full baths, with an open concept connecting the kitchen, dining area, and great room. A main-level laundry adds day-to-day ease, and the primary suite includes a walk-in closet and an ensuite bath. The home also includes an attached garage and provides a covered outdoor patio off the great room.
Savannah Cove Paired Villas include HOA coverage for lawn care and snow removal. The community is described as offering convenient access to commuter routes, shopping, dining, and everyday amenities across Northwest Indiana.
This quick-move-in home is presented as a flexible design opportunity, with the basement offering additional storage and potential for future finishing.
Savannah Cove Paired Villas include HOA coverage for lawn care and snow removal. The community is described as offering convenient access to commuter routes, shopping, dining, and everyday amenities across Northwest Indiana.
This quick-move-in home is presented as a flexible design opportunity, with the basement offering additional storage and potential for future finishing.
Key Highlights
- Under construction 2026 paired villa with single‑level design and an approximately 1,292 SF main level
- 2‑bedroom, 2‑bath open floorplan with great room, kitchen island, stone counters, high ceilings, and kitchen‑dining‑great room flow
- Primary suite includes a walk‑in closet and a full ensuite bath; second bedroom plus a full hall bath for flexibility
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 | $19.4k | $15.00 |
| − Vacancy | −$1.0k | −$0.80 |
| EGI | $18.3k | $14.20 |
| − OpEx | −$5.5k | −$4.26 |
| NOI | $12.8k | $9.94 |
1,292 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.5K
$160.6K – $214.1K
NOI $12,844 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$163.3K
$142.9K – $190.5K
NOI $11,431 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$360.7K
$315.6K – $420.8K
NOI $25,247 @ 7.0% cap · market cap 8.56%
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 - New 2-bedroom, 2-bath single-level paired villa with a basement crawl space and attached garage.
Where is this duplex located?
The property is located at 7076 Johnson Street Merrillville, IN.
What is the asking price?
The asking price for this property is $294,885.
What are key features of this property?
This property features: Under construction 2026 paired villa with single‑level design and an approximately 1,292 SF main level; 2‑bedroom, 2‑bath open floorplan with great room, kitchen island, stone counters, high ceilings, and kitchen‑dining‑great room flow; Primary suite includes a walk‑in closet and a full ensuite bath; second bedroom plus a full hall bath for flexibility
