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    Spacious Remodeled Duplex in Merrillville Title is generated by Realmo AI

    7932-7934 Whitcomb Street, Merrillville, IN 46410

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    Picture of Duplexes at 7932-7934 Whitcomb Street, Merrillville, IN
    For Sale
    $599,000

    MULTI_FAMILY - Merrillville, IN

    Property size:
    6,000 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $99/SF
    Added:
    Apr 12, 2026
    Days on Market:
    47
    Last Refresh:
    May 28 at 1:06 am

    Property Features for 7932-7934 Whitcomb Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Pets allowed
    Yes
    Appliances
    Dishwasher, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Cooktop
    Standard status
    Active
    APN
    451219176005000030
    Size
    6,000 SF
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Legal Description: REINER'S ADDITION LOT 2
    Tax Annual Amount
    9204

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Forced Air
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    2

    We can help!

    Listing Contact
    Anthony Christopher
    Anthony Christopher

    Listing agent Anthony Christopher License #RB22001074

    Listing office McColly Real Estate 850 Deer Creek Dr, Schererville, IN

    Listing date Apr 12, 2026

    MLS# 836957 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.

    HighLights

    • Nearly 6,000 sq ft duplex, ideal for multi‑generational living or investment.
    • Fully remodeled in 2021.
    • 7932 Whitcomb: 4 bedrooms, 3 bathrooms, two suites (one on main level), 3‑car garage, bonus room.
    • 7934 Whitcomb: 3 bedrooms, 3 bathrooms, bonus room, 2‑car garage with workshop.
    • Both units feature updated windows, ample kitchen storage, and stainless steel appliances.
    • Convenient location near shopping and Route 30.

    Overview

    This remodeled duplex, completed in 2021, offers approximately 6,000 square feet and presents opportunities for multi-generational living or investment. Located in Merrillville, Indiana, the property includes two units: 7932 Whitcomb and 7934 Whitcomb. The 7932 Whitcomb unit features 4 bedrooms and 3 bathrooms, including two suites, one on the main level and another upstairs. The main living area is open and bright, with large windows providing natural light. The kitchen is generously sized with abundant cabinetry and pantry storage. The main-level primary suite includes a flex space suitable for a home office or coffee nook. A sun-filled bonus room is positioned next to the 3-car garage. The 7934 Whitcomb unit offers 3 bedrooms and 3 bathrooms, along with a versatile bonus room ideal for office use. The kitchen is designed with an island and ample cabinet and pantry storage. This unit includes a 2-car garage with a dedicated workshop area. A fence and paver patio create a secluded outdoor space. Both units have been updated with newer windows. The property is situated on a 0.41-acre lot and provides close proximity to shopping and convenient access to Route 30.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.384636
    Latitude
    41.473783

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    FAQs

    What type of property is this?
    Duplex - Remodeled duplex with multi-generational living or investment potential.
    Where is this duplex located?
    The property is located at 7932-7934 Whitcomb Street Merrillville, IN.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Nearly 6,000 sq ft duplex, ideal for multi‑generational living or investment.; Fully remodeled in 2021.; 7932 Whitcomb: **4 bedrooms, 3 bathrooms, two suites (one on main level), 3‑car garage, bonus room.**
    (708) 715-6193
    We can help!
    Listing Contact
    Anthony Christopher
    Anthony Christopher
    Real Estate License ID: RB22001074
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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