Updated Duplex with Two Unit
For Sale
$185,000
909 E North F St, Gas City, IN 46933
Recently updated duplex with separate storage areas and a large rear yard.
Property Size1,860 SF
Price / SF$99.46
Days on Market75
Property Features for 909 E North F St
General Information
Standard status
Active
Size
1,860 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
storage shed
Building Details
Year Built
1960
Listing Agency:
Point1 Realty
Listed By:
Jason Wuertley
(765) 661-7934
Source:
Spencerchildersgroup
Added: Aug 11
Changed: Oct 4
Last Checked: Oct 7 at 2:41PM
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 Point1 Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,860-square-foot duplex includes two separate residential units: one with three bedrooms and one bathroom, and the other with two bedrooms and one bathroom. Recent improvements include a new roof, while the rear shed is partitioned to provide dedicated storage for each unit.
The property also offers a large backyard with room for a garage or pole barn. The two residences may be combined into a single five-bedroom, two-bath home, providing additional configuration flexibility.
The property also offers a large backyard with room for a garage or pole barn. The two residences may be combined into a single five-bedroom, two-bath home, providing additional configuration flexibility.
Key Highlights
- 1,860‑square‑foot duplex with two separate residential units
- Unit mix includes a 3‑bedroom, 1‑bath unit and a 2‑bedroom, 1‑bath unit
- Recent updates include a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,130
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,600
$202.6K
Cap Rate 7%
$144,714
$144.7K
Cap Rate 9%
$112,556
$112.6K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$16.7K $9.00/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$14.5K $7.78/SF
− OpEx
−$4.3K −$2.33/SF
NOI
$10.1K $5.45/SF
Area
Grant County, IN
Vacancy
13.55%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,600
Cap Rate 7%
$144,714
Cap Rate 9%
$112,556
Alternative Uses
Best Use
Multifamily LT 5
$144.7K
$126.6K – $168.8K
NOI $10,130 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$132.3K
$115.8K – $154.4K
NOI $9,262 @ 7.0% cap · market cap 5.01%
Theoretical Best
Specialty Retail
$361.2K
$316.1K – $421.4K
NOI $25,285 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 46933, IN
6,617
Population
2,939
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
91%
High-School Grad
11.0 sq mi
ZIP Area
602
Density / Sq Mi
$59,398
Median Household Income
$34,267
Median Earnings
$858
Median Rent
$123,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Recently updated duplex with separate storage areas and a large rear yard.
Where is this duplex located?
The property is located at 909 E North F St Gas City, IN.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,860‑square‑foot duplex with two separate residential units; Unit mix includes a 3‑bedroom, 1‑bath unit and a 2‑bedroom, 1‑bath unit; Recent updates include a new roof
