Ranch Paired Villa with
8652 Madison Street Merrillville, IN 46410
8652 Madison Street, Merrillville, IN, 46410
$324,900
For Sale
$324,900
SINGLE_FAMILY - Merrillville, IN
Property Size1,733 SF
Lot Size0.21 Acres
Price / SF$187.48
Days on Market218
Property Features for 8652 Madison Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Laundry Room, Bedroom 1, Great Room, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Open, Driveway
- Patio and Porch features
- Patio
- Interior features
- Cathedral Ceiling(s), Walk-In Closet(s), Recessed Lighting, Pantry, Open Floorplan, Laminate Counters, Eat-in Kitchen, Ceiling Fan(s)
- Appliances
- Dishwasher
- Standard status
- Active
- APN
- 451228207011000030
- Size
- 1,733 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- VILLAS ON MADISON IN HUNTER'S GLEN PT. OF LOT 5 (8652 MADISON ST)
- Tax Annual Amount
- 22
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
Listing Agency
Springer Real Estate Company
(219) 838-0180
5311 W. 101st. Ave, Crown Point, IN
Listed by
Jackie Galambos
(219) 902-6960
Added: Dec 15, 2025 Updated: Jul 18 at 1:39 am Checked: Jul 21 at 1:06 am
MLS# 831907
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.
Investment Insights
Based on property information with market context.
This ranch paired villa offers main-level living with an open-concept layout designed for everyday comfort and entertaining. The home includes three bedrooms and two bathrooms, highlighted by a spacious primary suite with a private ensuite and walk-in closet. A cozy sunroom provides a quiet place to enjoy peaceful, private nature views.
Located in Merrillville, Indiana (Lake County), the property is near shopping, restaurants, and expressway access.
With approximately 1,733 square feet of living space on a 0.206-acre lot, this villa combines modern convenience with a comfortable, low-maintenance configuration.
Located in Merrillville, Indiana (Lake County), the property is near shopping, restaurants, and expressway access.
With approximately 1,733 square feet of living space on a 0.206-acre lot, this villa combines modern convenience with a comfortable, low-maintenance configuration.
Key Highlights
- Under construction ranch paired villa with main‑level living and 3 bedrooms, 2 bathrooms
- Open floorplan with great room, recessed lighting, and cathedral ceilings
- Primary suite includes a private ensuite and walk‑in closet
Local Financial Insights For Multifamily LT 5
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 | $26.0k | $15.00 |
| − Vacancy | −$1.4k | −$0.80 |
| EGI | $24.6k | $14.20 |
| − OpEx | −$7.4k | −$4.26 |
| NOI | $17.2k | $9.94 |
1,733 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.1K
$215.4K – $287.1K
NOI $17,228 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$219.0K
$191.7K – $255.5K
NOI $15,332 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$483.8K
$423.3K – $564.4K
NOI $33,865 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Ranch paired villa with three bedrooms and two baths, featuring an open-concept interior and private sunroom.
Where is this duplex located?
The property is located at 8652 Madison Street Merrillville, IN.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Under construction ranch paired villa with main‑level living and 3 bedrooms, 2 bathrooms; Open floorplan with great room, recessed lighting, and cathedral ceilings; Primary suite includes a private ensuite and walk‑in closet
