Duplex with Two Separate
903 N Lake Street Syracuse, IN 46567
New
903 N Lake Street, Syracuse, IN, 46567
$225,000
For Sale
$225,000
MULTI_FAMILY - Syracuse, IN
Property Size1,652 SF
Lot Size0.20 Acres
Price / SF$136.20
Days on Market1
Property Features for 903 N Lake Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1
- Parking
- 4
- Standard status
- Active
- APN
- 43-04-06-100-164.000-026
- Size
- 1,652 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 008-021-012 Tract E 1/2 Ne 6-34-7 .20a
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1910
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Architectural style
- Other
Listing agency
Listing Leaders, NCI-Culver
(574) 842-4663
Listed by
Mckenzie Click
(574) 780-8412
Added: Jul 21 Checked: Jul 21 at 10:06PM
MLS# 202629202
Copyright © 2026 North Central 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 duplex features two separate units, with rental income already in place. The property provides a practical two-unit layout suited to residential income use, with a total building size of 1,652 square feet and an approximately 0.2-acre lot.
The address is 903 N Lake Street in Syracuse, Indiana (46567). Public remarks describe the location as convenient to Syracuse Beach, local restaurants, and parks.
For a buyer or investor seeking a straightforward two-unit residential asset, this property combines an established duplex configuration with an income-producing setup noted in the listing remarks.
The address is 903 N Lake Street in Syracuse, Indiana (46567). Public remarks describe the location as convenient to Syracuse Beach, local restaurants, and parks.
For a buyer or investor seeking a straightforward two-unit residential asset, this property combines an established duplex configuration with an income-producing setup noted in the listing remarks.
Key Highlights
- Duplex with two separate units and rental income already in place
- Built in 1910
- Central air cooling
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 | $20.8k | $12.60 |
| − Vacancy | −$831 | −$0.50 |
| EGI | $20.0k | $12.10 |
| − OpEx | −$6.0k | −$3.63 |
| NOI | $14.0k | $8.47 |
1,652 SF · lease $12.60/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$199.8K
$174.9K – $233.2K
NOI $13,989 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$179.1K
$156.7K – $208.9K
NOI $12,534 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$287.8K
$251.8K – $335.8K
NOI $20,146 @ 7.0% cap · market cap 8.95%
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 - Duplex offers two separate units and rental income already in place on a 0.2-acre lot.
Where is this duplex located?
The property is located at 903 N Lake Street Syracuse, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Duplex with two separate units and rental income already in place; Built in 1910; Central air cooling
