608 Pine Lake Ave La Porte, IN 46350
This charming two-unit apartment building, situated on a 6,100 square foot lot at 608 Pine Lake Ave, La Porte, Indiana 46350, presents a compelling investment opportunity. Built in 1880, this two-story structure offers a total of 1,556 square feet, with each unit comprising two bedrooms and one bathroom. Currently, one unit is occupied, generating a monthly income of $950, while the other is vacant. The lease on the occupied unit expires March 31, 2025. The property is priced at $134,000, representing $67,000 per unit and a price per square foot of $86.12. Given its location in a desirable La Porte neighborhood and the strong rental demand, this duplex offers significant potential for rental income growth and a solid return on investment. The property's age suggests potential for future renovations or upgrades to further enhance its value and rental income. This is an excellent opportunity for investors seeking a well-located, income-generating property in a thriving market. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.