5-Unit Multifamily
For Sale
$425,000
806 Maple Ave, La Porte, IN 46350
Near downtown La Porte with access to shopping, dining, and major roadways.
Property Size4,061 SF
Price / SF$104.65
Days on Market58
Property Features for 806 Maple Ave
General Information
Standard status
Active
Size
4,061 SF
Additional Details
Multifamily Units
5
Building Details
Year Built
1900
Listing Agency:
LaPorte County Realty, Inc.
Listed By:
John Christodaulakis
(219) 242-2780
Source:
Amyboston.realtopiare
Added: Aug 18
Changed: Oct 3
Last Checked: Oct 7 at 1:10PM
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 LaPorte County Realty, Inc.
Investment Insights
Based on property information with market context.
This 5-unit apartment building contains 4061 square feet and was built in 1900. The property includes multiple residential units with functional layouts, while the lower level may offer an opportunity to create an additional studio unit, subject to applicable requirements.
Located at 806 Maple Ave in La Porte, the building is near downtown, shopping, dining, and major roadways. Its five-unit configuration and existing lower-level area provide a clear physical framework for multifamily ownership and potential future reconfiguration.
Located at 806 Maple Ave in La Porte, the building is near downtown, shopping, dining, and major roadways. Its five-unit configuration and existing lower-level area provide a clear physical framework for multifamily ownership and potential future reconfiguration.
Key Highlights
- 5‑unit apartment building
- 4061 SF of building area
- Lower level may accommodate an additional studio unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,666
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,320
$653.3K
Cap Rate 7%
$466,657
$466.7K
Cap Rate 9%
$362,956
$363.0K
Market Conditions
NOI Build-Up for 4,061 SF
Gross rent
$60.9K $15.00/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$59.4K $14.63/SF
− OpEx
−$26.7K −$6.58/SF
NOI
$32.7K $8.04/SF
Area
LaPorte County, IN
Vacancy
2.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,320
Cap Rate 7%
$466,657
Cap Rate 9%
$362,956
Alternative Uses
Best Use
Apartment 5plus
$466.7K
$408.3K – $544.4K
NOI $32,666 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$987.9K – $1.32M
NOI $79,028 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
Explore this area
Business Placement
Demographics for 46350, IN
44,522
Population
19,576
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
193.5 sq mi
ZIP Area
230
Density / Sq Mi
$75,311
Median Household Income
$44,309
Median Earnings
$920
Median Rent
$199,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Near downtown La Porte with access to shopping, dining, and major roadways.
Where is this apartment building located?
The property is located at 806 Maple Ave La Porte, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 5‑unit apartment building; 4061 SF of building area; Lower level may accommodate an additional studio unit
