Two-Unit
For Sale
$225,000
903 N Lake Street, Syracuse, IN 46567
INVESTMENT, One and Half Story, Syracuse, IN
Property Size1,652 SF
Lot Size0.20 Acres
Price / SF$136.20
Days on Market96
Property Features for 903 N Lake Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Basement, Bathroom 2
Parking
4
Elementary school
Syracuse
Middle school
Wawasee
High school
Wawasee
Elementary school district
Wawasee
Middle school district
Wawasee
High school district
Wawasee
Directions
Off of N Huntington St, turn right onto E Washington St. Turn left onto N Lake St, and its the second house on the left.
Subdivision
Kosciusko County
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
Legal 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
Carpet, Vinyl
Architectural style
Other
Listing Agency:
Listing Leaders, NCI-Culver
(574) 842-4663
Listed By:
Mckenzie Click
(574) 780-8412
Added: Jul 21
Changed: Oct 20
Last Checked: Oct 24 at 3:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1652-square-foot duplex contains two separate residential units within a one-and-a-half-story structure. The property includes three listed bedrooms, two bathrooms, a basement, central air, and a mix of vinyl and carpet flooring. Constructed in 1910, the building sits on a 0.2-acre lot and currently has rental income in place.
Located at 903 N Lake Street in Syracuse, Indiana, the property is near Syracuse Beach, local restaurants, and parks. Its existing two-unit configuration and residential improvements provide a clearly defined income-property format for continued rental use.
Located at 903 N Lake Street in Syracuse, Indiana, the property is near Syracuse Beach, local restaurants, and parks. Its existing two-unit configuration and residential improvements provide a clearly defined income-property format for continued rental use.
Key Highlights
- Two separate residential units with rental income in place
- 1652 square feet in a one‑and‑a‑half‑story duplex
- 0.2‑acre lot in Syracuse, Indiana
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,989
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,780
$279.8K
Cap Rate 7%
$199,843
$199.8K
Cap Rate 9%
$155,433
$155.4K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$20.8K $12.60/SF
− Vacancy
−$831 −$0.50/SF
EGI
$20.0K $12.10/SF
− OpEx
−$6.0K −$3.63/SF
NOI
$14.0K $8.47/SF
Area
Kosciusko County, IN
Vacancy
3.99%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,780
Cap Rate 7%
$199,843
Cap Rate 9%
$155,433
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 46567, IN
9,773
Population
5,849
Households
1.7
Avg Household Size
44
Median Age
25%
College-Educated
90%
High-School Grad
57.3 sq mi
ZIP Area
171
Density / Sq Mi
$73,277
Median Household Income
$46,327
Median Earnings
$964
Median Rent
$228,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Central air, vinyl and carpet flooring, and two bathrooms support the existing residential layout.
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: Two separate residential units with rental income in place; 1652 square feet in a one‑and‑a‑half‑story duplex; 0.2‑acre lot in Syracuse, Indiana
