Ranch-Style Single-Family
9818 W 129th Place Cedar Lake, IN 46303
9818 W 129th Place, Cedar Lake, IN, 46303
$305,000
For Sale
$305,000
SINGLE_FAMILY - Cedar Lake, IN
Property Size1,562 SF
Lot Size0.15 Acres
Price / SF$195.26
Days on Market129
Property Features for 9818 W 129th Place
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Laundry Room, Dining Room, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
- Window features
- Blinds
- Patio and Porch features
- Porch
- Interior features
- Cathedral Ceiling(s), Walk-In Closet(s), Vaulted Ceiling(s), Pantry, Open Floorplan, Kitchen Island, High Ceilings, Double Vanity, Ceiling Fan(s)
- Fireplace
- 1
- Appliances
- Dishwasher, Water Softener Owned, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Water Heater, Gas Range
- Standard status
- Active
- APN
- 451521431002000014
- Size
- 1,562 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- MONASTERY WOODS PHASE 2, PT OF LOT 222 (9818-B) W. 129TH PL)
- Tax Annual Amount
- 3172
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2016
- Floors in Building
- 1
Listing Agency
McColly Real Estate
(219) 322-5508
850 Deer Creek Dr, Schererville, IN
Listed by
Jennifer Anderson · License #475202167
(219) 689-4420
Added: Mar 12 Checked: Jul 18 at 6:06 am
MLS# 835325
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.
Welcome to this ranch-style single-family home with approximately 1,500 square feet of living space. The layout offers two large bedrooms with ample closet space, two full bathrooms (including a private primary bath), high ceilings, and an open concept design. Additional highlights include a large attached garage with built-in storage and an oversized covered back porch for relaxing outside.
Located in Cedar Lake, Indiana (Lake County), the home sits on a lot size of about 0.1504 acres. Please see the attached virtual tour for more details on the interior and finishes.
If you’re looking for a well-laid-out ranch with garage storage and an outdoor covered porch, this property is worth a closer look.
Located in Cedar Lake, Indiana (Lake County), the home sits on a lot size of about 0.1504 acres. Please see the attached virtual tour for more details on the interior and finishes.
If you’re looking for a well-laid-out ranch with garage storage and an outdoor covered porch, this property is worth a closer look.
Key Highlights
- Ranch home built in 2016 offering 2 bedrooms and 2 full bathrooms, including a private primary bath
- 1500+ sq ft open‑concept layout with high ceilings, vaulted and cathedral ceilings, and an open floorplan
- Kitchen features a center island, pantry, and stainless steel appliances including gas range and refrigerator
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 | $23.4k | $15.00 |
| − Vacancy | −$1.2k | −$0.80 |
| EGI | $22.2k | $14.20 |
| − OpEx | −$6.7k | −$4.26 |
| NOI | $15.5k | $9.94 |
1,562 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$221.8K
$194.1K – $258.8K
NOI $15,528 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$197.4K
$172.7K – $230.3K
NOI $13,819 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$436.0K
$381.5K – $508.7K
NOI $30,523 @ 7.0% cap · market cap 10.01%
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 home features an open concept layout, two full baths, and an attached garage with built-in storage.
Where is this duplex located?
The property is located at 9818 W 129th Place Cedar Lake, IN.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Ranch home built in 2016 offering 2 bedrooms and 2 full bathrooms, including a private primary bath; 1500+ sq ft open‑concept layout with high ceilings, vaulted and cathedral ceilings, and an open floorplan; Kitchen features a center island, pantry, and stainless steel appliances including gas range and refrigerator
