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Portage, IN

Residential Income

Portage, IN Residential Income Properties for Sale

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Lake Station, IN Valparaiso, IN Burns Harbor, IN

Portage Multifamily Investment Opportunity

Updated: Nov 21, 2025

Portage Multifamily Investment Opportunity

6021-55 Canden Ave., 2378-2400 Dixie Dr. , 6021-6121 McCasland Ave, Portage, IN 46368

$11,500,000

96,200 sqft

Opportunity to increase Net Operating Income (NOI) through a proven renovation plan, building upon recent 2022‑2023 remodel.
Excellent location with easy access to the Portage/Ogden train stop for convenient access to Chicago, and proximity to I‑80.
Attractive existing cash flow with room to raise rents to market rates, both without rehab and with continued renovations.
Diverse unit mix of 82 Two Bedroom and 18 One Bedroom units.
Close proximity (5‑15 minute drive) to the Indiana Dunes National Park and Lake Michigan beaches.

This listing looks promising.

Here's a quick look at some key insights for

6021-55 Canden Ave., 2378-2400 Dixie Dr. , 6021-6121 McCasland Ave, Portage, IN 46368

View Property Analytics

Est. Cap Rate

6.6%
Above avg (5.9%)
Est. NOI

$764K
Annual
Price @ 7% Cap

$10.91M
Suggested

View Property Analytics

Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 1 Active listings in Portage, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 23 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Retail and Office Building

Mixed-Use Retail and Office Building

119 Broadway Avenue, Chesterton, IN 46304

$775,000

12,812 sqft · 0.13 AC lot

Downtown mixed-use building with retail, office, and residential tenants and street frontage on Broadway and 2nd Street.

New Duplex Near Indiana Dunes

New Duplex Near Indiana Dunes

150-152 N 16th Street, Chesterton, IN 46304

$499,900

0.19 AC lot

New construction duplex with immediate rental income near Indiana Dunes.

44-Unit Townhome Community For Sale

44-Unit Townhome Community For Sale

1341 Lake Charles Ave, Porter, IN 46304

$6,520,000

1,330 sqft

Well-maintained 44-unit townhome community in Porter/Chesterton, Indiana.

Townhome-Style Multifamily Building

Townhome-Style Multifamily Building

1230-1256 Lake Charles Ave, Porter, IN 46304

$1,750,000

15,960 sqft

Twelve 2-bedroom units with private decks, in-unit laundry hookups, and tenant-paid utilities for manageable operations.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Portage Acreage Property on Lute

Portage Acreage Property on Lute

Lute Road, Portage, IN 46368

$280,000

13.32 AC lot

Acreage property in Portage Township with redevelopment potential.

Residential Land in Portage, Indiana

Residential Land in Portage, Indiana

Mccool Road, Portage, IN 46368

$799,000

31.95 AC lot

31.95 acre residential parcel in established Portage subdivision.

Wooded Land in Portage, Indiana

Wooded Land in Portage, Indiana

0-tbd Lenburg Road, Portage, IN 46368

$104,500

6.66 AC lot

6+ acres of wooded land near Salt Creek.

Prime 20-Acre Development Opportunity

Prime 20-Acre Development Opportunity

St Rd 149, Portage, IN 46368

$675,000

20.00 AC lot

Development-ready parcel with significant upside in a high-demand area.

Off-Market Properties in Portage, IN

Consider similar Off-Market properties in Portage, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

MOBILE HOME PARK, TRAILER PARK

5757 Us Hwy 20, Portage, IN 46368-1393

Value Estimation by Request

6.86 AC lot

254 Sandalwood St

MOBILE HOME PARK, TRAILER PARK

254 Sandalwood St, Portage, IN 46368-2508

Value Estimation by Request

3,000 sqft · 31.90 AC lot

5520 Old Porter Rd

CAMPGROUND, RV PARK

5520 Old Porter Rd, Portage, IN 46368-1136

Value Estimation by Request

4,036 sqft · 2.30 AC lot

Portage, IN 46368

MOBILE HOME PARK, TRAILER PARK

Portage, IN 46368

Value Estimation by Request

5.00 AC lot

Portage, IN 46368

MOBILE HOME PARK, TRAILER PARK

Portage, IN 46368

Value Estimation by Request

27.73 AC lot

Portage, IN 46368

MOBILE HOME PARK, TRAILER PARK

Portage, IN 46368

Value Estimation by Request

5.00 AC lot

Portage, IN 46368

MOBILE HOME PARK, TRAILER PARK

Portage, IN 46368

Value Estimation by Request

10.00 AC lot

Portage, IN 46368

MOBILE HOME PARK, TRAILER PARK

Portage, IN 46368

Value Estimation by Request

10.00 AC lot

Portage, IN 46368

MOBILE HOME PARK, TRAILER PARK

Portage, IN 46368

Value Estimation by Request

10.00 AC lot

5644 Old Porter Rd

MOBILE HOME PARK, TRAILER PARK

5644 Old Porter Rd, Portage, IN 46368-1155

Value Estimation by Request

4.46 AC lot

MOBILE HOME PARK, TRAILER PARK

1930 Marine Dr, Portage, IN 46368-1132

Value Estimation by Request

4.00 AC lot

MOBILE HOME PARK, TRAILER PARK

1930 Marine Dr, Portage, IN 46368-1132

Value Estimation by Request

2.00 AC lot

3435 Swanson Rd

Land

3435 Swanson Rd, Portage, IN 46368

Value Estimation by Request

15.00 AC lot

Land

0 Portage Ave, Portage, IN 46368

Value Estimation by Request

20.49 AC lot

Land

0 Lute Rd, Portage, IN 46368

Value Estimation by Request

13.32 AC lot

Farms

5000 Us-6, Portage, IN 46368

Value Estimation by Request

68.00 AC lot

6021-55 Canden Ave

Multifamily properties

6021-55 Canden Ave, Portage, IN 46368

Value Estimation by Request

96,200 sqft

5520 Old Porter Rd

CAMPGROUND, RV PARK

5520 Old Porter Rd, Portage, IN 46368-1136

Value Estimation by Request

1.26 AC lot

MOBILE HOME PARK, TRAILER PARK

Us Hwy 6th 6, Portage, IN 46368

Value Estimation by Request

2,880 sqft · 72.18 AC lot

MOBILE HOME PARK, TRAILER PARK

Us Hwy 6th 6, Portage, IN 46368

Value Estimation by Request

8.89 AC lot

Portage, IN 46368

CAMPGROUND, RV PARK

Portage, IN 46368

Value Estimation by Request

0.63 AC lot

Outlt H Yogi Bea U2

CAMPGROUND, RV PARK

Outlt H Yogi Bea U2, Portage, IN 46368

Value Estimation by Request

0.02 AC lot

CAMPGROUND, RV PARK

Ranger, Portage, IN 46368

Value Estimation by Request

5,760 sqft · 20.20 AC lot

Portage, IN Residential Income Properties Market Trends and Statistics

Explore 24 residential income properties for sale in Portage, IN on our real estate platform. These investment opportunities span a total of 96,200 square feet of properties for sale, with an estimated market value of $11,500,000.

Sale prices for residential income properties in Portage, IN start at $11,500,000, averaging $11,500,000, and reaching up to $11,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 40K

Population Growth (5Y) +3.9%

Median Household Income $72,638

College Educated 22.8%

High-Yield Neighborhoods for Investment

Identify Portage submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46368	$11.5M

Taxes & Financing

Tax Rate (average for all types) 2.52%

Property Tax per SF $55.69 per SF

Tax Rate vs County Average 0.33 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Porter County

New Delisted

Total CRE Inventory on Market (SF)

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