2-Bedroom Ranch Home with
8602 Farmington Street St John, IN 46373
New
For Sale
$260,000
SINGLE_FAMILY - St. John, IN
Property Size1,516 SF
Lot Size0.16 Acres
Price / SF$171.50
Days on Market1
Property Features for 8602 Farmington Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Laundry Room, Dining Room
- Parking features
- Garage, Open
- Patio and Porch features
- Patio
- Interior features
- Entrance Foyer, Walk-In Closet(s), Vaulted Ceiling(s), Pantry, High Ceilings, Eat-in Kitchen
- Exterior features
- Lighting
- Fireplace
- 1
- Appliances
- Dryer, Washer, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher, Disposal
- Standard status
- Active
- APN
- 451128104001000035
- Size
- 1,516 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- THE MEADOWS OF ST. JOHN PHS 1 NW'LY 44.85FT. OF TRACT 4& RESUB THE MEADOWS OF ST JOHN PH 2 N'LY 44.85FT OF OUTLOT B
- Tax Annual Amount
- 1394
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1993
- Floors in Building
- 1
Listing Agency:
Realty Executives Premier
(219) 462-2224
Listed By:
Dennis Scherer
(219) 213-3346
Added: Jul 24
Last Checked: Jul 24 at 7:06PM
MLS# 842859
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.
This well-maintained ranch home features an open-concept layout with a spacious living and dining area, vaulted ceilings, and a fireplace. The bright eat-in kitchen includes generous cabinetry and ample counter space. A private patio is accessible from the main living area, supporting indoor-outdoor daily living. The home provides two bedrooms and two bathrooms, offering single-level comfort whether you’re using the second bedroom for guests, a home office, or hobbies. An attached 2-car garage adds convenient off-street parking and storage.
Located in a quiet, established community in St. John, the property is described as being just minutes from Bingo Lake, shopping, restaurants, parks, medical facilities, and other local amenities. Exterior services are provided through the association, and the home is being sold as-is. Offered for the first time by its original owner, this single-level residence is available for a private showing.
Located in a quiet, established community in St. John, the property is described as being just minutes from Bingo Lake, shopping, restaurants, parks, medical facilities, and other local amenities. Exterior services are provided through the association, and the home is being sold as-is. Offered for the first time by its original owner, this single-level residence is available for a private showing.
Key Highlights
- 2‑bedroom, 2‑bath ranch with open‑concept living and dining area and vaulted ceilings
- Fireplace in the living area and access to a private patio
- Bright eat‑in kitchen with pantry and included appliances: refrigerator, microwave, gas range, dishwasher, disposal
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 | $25.8k | $17.04 |
| − Vacancy | −$1.4k | −$0.95 |
| EGI | $24.4k | $16.09 |
| − OpEx | −$11.0k | −$7.24 |
| NOI | $13.4k | $8.85 |
1,516 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$191.6K
$167.7K – $223.5K
NOI $13,412 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$423.2K
$370.3K – $493.8K
NOI $29,625 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Well-kept single-level ranch offers 2 bedrooms, 2 baths, an open living area with vaulted ceilings, fireplace, and private patio.
Where is this single family property located?
The property is located at 8602 Farmington Street St John, IN.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath ranch with open‑concept living and dining area and vaulted ceilings; Fireplace in the living area and access to a private patio; Bright eat‑in kitchen with pantry and included appliances: refrigerator, microwave, gas range, dishwasher, disposal
