Five-Unit Multifamily
806 Maple Avenue La Porte, IN 46350
806 Maple Avenue, La Porte, IN, 46350
$500,000
For Sale
$500,000
Five-unit multifamily property in La Porte with an additional opportunity to add a studio unit in the lower level.
Property Size4,061 SF
Price / SF$123.12
Days on Market211
Property Features for 806 Maple Avenue
General Information
- Standard status
- Active
- Size
- 4,061 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1900
Listing agency
LaPorte County Realty, Inc.
(219) 242-2780
Listed by
John Christodaulakis
(219) 242-2780
Source
Compass
Added: Dec 22, 2025 Updated: Jul 20 at 6:19PM Checked: Jul 20 at 6:19PM
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 five-unit multifamily building at 806 Maple Avenue in La Porte, Indiana is offered for sale. The property includes a lower level with an additional opportunity to add a studio unit. Existing unit layouts are described as functional throughout.
The building is positioned near downtown La Porte and close to shopping, dining, and major roadways, supporting year-round tenant convenience.
For buyers seeking a multifamily acquisition, the current configuration plus the potential for a lower-level studio provides a clear path to evaluate income expansion within the existing structure.
The building is positioned near downtown La Porte and close to shopping, dining, and major roadways, supporting year-round tenant convenience.
For buyers seeking a multifamily acquisition, the current configuration plus the potential for a lower-level studio provides a clear path to evaluate income expansion within the existing structure.
Key Highlights
- 5‑unit multifamily property in La Porte
- Additional opportunity to add a studio unit in the lower level
- Year built: 1900
Local 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 | $60.9k | $15.00 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $59.4k | $14.63 |
| − OpEx | −$26.7k | −$6.58 |
| NOI | $32.7k | $8.04 |
4,061 SF · lease $15.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$466.7K
$408.3K – $544.4K
NOI $32,666 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$987.9K – $1.32M
NOI $79,028 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five-unit multifamily property in La Porte with an additional opportunity to add a studio unit in the lower level.
Where is this apartment building located?
The property is located at 806 Maple Avenue La Porte, IN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5‑unit multifamily property in La Porte; Additional opportunity to add a studio unit in the lower level; Year built: 1900
