Remodeled Duplex With
New
For Sale
$569,000
7932-7934 Whitcomb Street, Merrillville, IN 46410
SINGLE_FAMILY - Merrillville, IN
Property Size5,830 SF
Lot Size0.41 Acres
Price / SF$97.60
Days on Market1
Property Features for 7932-7934 Whitcomb Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
7
Bathrooms
6
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 5, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 3, Den, Bedroom 4, Dining Room, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 4, Bonus Room, Bedroom 6
Parking features
Garage, Driveway
Interior features
Ceiling Fan(s), In-Law Floorplan
Appliances
Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Gas Water Heater, Gas Range, Gas Cooktop
Subdivision
Reiners addition
Lot features
Back Yard
Directions
US 30 to Whitcomb St. North 1 block property located on West side of street
Standard status
Active
APN
451219176005000030
Size
5,830 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
REINER'S ADDITION LOT 2
Tax Annual Amount
9204
Legal Description
REINER'S ADDITION LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air, Natural Gas
Water source
Public
Amenities
bonus room
workshop area
fence and paver patio
newer windows
Building Details
Year built
1975
Floors in Building
2
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Anthony Christopher · License #RB22001074
(708) 715-6193
Added: Aug 3
Last Checked: Aug 3 at 10:06PM
MLS# 843333
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.
Remodeled in 2021, this duplex contains 5,830 square feet across two residences on a 0.41-acre parcel. The larger unit includes 4 bedrooms, 3 bathrooms, two suites, an open living area, a spacious kitchen with pantry storage, a main-level flex area, and a bright bonus room beside its 3-car garage. The second residence offers 3 bedrooms, 3 bathrooms, an office-capable bonus room, an island kitchen, and a 2-car garage with a workshop area.
Newer windows serve both units. Outdoor features include a fenced area and paver patio associated with the second residence. Public water and public sewer support the property, while natural gas heating is provided through baseboard and forced-air systems. The layout can accommodate multigenerational occupancy or an arrangement in which the owner lives in one unit and leases the other. Shopping is nearby, with access to Route 30 for regional connectivity.
Newer windows serve both units. Outdoor features include a fenced area and paver patio associated with the second residence. Public water and public sewer support the property, while natural gas heating is provided through baseboard and forced-air systems. The layout can accommodate multigenerational occupancy or an arrangement in which the owner lives in one unit and leases the other. Shopping is nearby, with access to Route 30 for regional connectivity.
Key Highlights
- 5,830‑square‑foot duplex on a 0.41‑acre lot
- Remodeled in 2021 with newer windows in both units
- One residence has 4 bedrooms, 3 bathrooms, and a 3‑car garage
Financial Insights For Apartment 5plus
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 | $99.3k | $17.04 |
| − Vacancy | −$5.6k | −$0.95 |
| EGI | $93.8k | $16.09 |
| − OpEx | −$42.2k | −$7.24 |
| NOI | $51.6k | $8.85 |
5,830 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$828.0K
$724.5K – $966.0K
NOI $57,958 @ 7.0% cap · market cap 10.19%
Second Best
Apartment 5plus
$736.8K
$644.7K – $859.7K
NOI $51,579 @ 7.0% cap · market cap 9.06%
Theoretical Best
Specialty Retail
$1.63M
$1.42M – $1.90M
NOI $113,925 @ 7.0% cap · market cap 20.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 46410, IN
39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer separate suites, flexible living arrangements, and dedicated garage space for each unit.
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 $569,000.
What are key features of this property?
This property features: 5,830‑square‑foot duplex on a 0.41‑acre lot; Remodeled in 2021 with newer windows in both units; One residence has 4 bedrooms, 3 bathrooms, and a 3‑car garage
