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7932 Whitcomb St 2 Unit Apartment Building Offered at $599,000 at a 6.88% Cap Rate Merrillville, IN 46410

Executive Summary
This is far from your typical duplex. Offering just under 6,000 square feet, fully remodeled in 2021 this property creates a strong opportunity for multi-generational living or an investment setup where you occupy one unit and lease the other. 7932 Whitcomb includes 4 bedrooms and 3 bathrooms, highlighted by two separate suites—one on the main level and another upstairs. The main living area is open and bright, with large windows bringing in plenty of natural light. The kitchen is generously sized with abundant cabinetry and pantry storage. Bedrooms are well-proportioned, and the main-level primary suite features an additional flex space perfect for a home office or a relaxing coffee nook. There's also a sun-filled bonus room positioned next to the 3-car garage. 7934 Whitcomb offers 3 bedrooms and 3 bathrooms, along with a versatile bonus room ideal for office use. The kitchen is designed with an island and ample cabinet and pantry storage. This unit is complemented by a 2-car garage that includes a dedicated workshop area. Outside, a fence and paver patio create a comfortable, secluded outdoor space. Both units have been updated with newer windows. The location provides close proximity to shopping and convenient access onto Route 30.
Property Facts
| Price | $599,000 | Property Type | Multifamily |
| Price Per Unit | $299,500 | Building Size | 5,830 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.88% | Year Built | 1975 |
| No. Units | 2 |
| Price | $599,000 |
| Price Per Unit | $299,500 |
| Sale Type | Investment |
| Cap Rate | 6.88% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 5,830 SF |
| No. Stories | 2 |
| Year Built | 1975 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+5 | 2 | $2,400 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45-12-19-176-005.000-030 | Improvements Assessment | $433,000 |
| Land Assessment | $45,100 | Total Assessment | $478,100 |
Property Taxes
Parcel Number
45-12-19-176-005.000-030
Land Assessment
$45,100
Improvements Assessment
$433,000
Total Assessment
$478,100
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7932 Whitcomb St
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