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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

$805,000

Est. payment - /mo

4,968 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,968 sqft

Price per Sqft $162

MLS Listing ID 840159

Year Built 1967

Annual Tax Amount $10,972

Tax Year 2025

Lot Size 0.639 Acres

Property Sub-Type Multi Family

Property Description

Rare opportunity to acquire six rental units across three adjacent duplex buildings in Portage, Indiana. Built in 1967, the property consists of six 2-bedroom, 1-bathroom units averaging approximately 828 square feet each. The portfolio currently produces 7,820 dollars per month in rental income and offers a strong tenant base with a variety of lease terms in place. Tenants are responsible for gas, electric, water, and trash service, while ownership is responsible only for sewer expenses, creating an efficient operating structure. Each unit is separately equipped with its own furnace, central air conditioning system, and water heater, simplifying maintenance and reducing operational complexity. Whether you're looking to expand an existing portfolio or enter the multifamily market, this six-unit investment offers stable cash flow in a well-established Portage rental location. Sale includes three duplex buildings located at 5263-65, 5271-73, and 5277-79 Mulberry Avenue.

Location

State IN

County Porter

Rooms

Basement Crawl Space

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Exterior Feature None

Parking Features Driveway

Utilities Available Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

Roof Type Shingle

Building

Lot Description Back Yard

Structure Type Brick

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Ellsbury Group

NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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5263 Mulberry Avenue Portage, IN 46368

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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5263 Mulberry Avenue