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Porter Townhome 3 Multifamily Properties Offered at $4,200,000 in Multiple Locations
Investment Highlights
- Portfolio of 28 townhome units across three adjacent properties in Porter, Indiana.
- All units are individually metered, with tenants responsible for utilities.
- In-place rents average $1,321 per month versus $1,600 market rent projections.
- Consistent two-bedroom, 1.5-bath floor plans simplify management and operations.
- Eighteen detached garage bays provide additional income potential.
- Located near I-94, US-20, the South Shore Line, and Indiana Dunes National Park.
Executive Summary
Three adjacent townhome communities in Porter, Indiana offered together as a single 28-unit trade. The portfolio comprises 1230–1256 and 1326–1340 Lake Charles Ave and 1365–1379 Lawson Lane: twenty-eight two-bedroom, 1.5-bath townhomes built between 1995 and 2000, averaging 1,330 SF across 37,240 building SF on 3.26 acres in Porter County. Located minutes from I-94, US-20 and the Dune Park South Shore station and surrounded by the Indiana Dunes, the portfolio offers durable workforce-housing demand with a clear path to value creation through rent growth and continued capital reinvestment.
Property Facts
| Price | $4,200,000 | Number of Properties | 3 |
| Price / SF | $50.65 / SF | Individually For Sale | 0 |
| Cap Rate | 7.05% | Total Building Size | 82,917 SF |
| Sale Type | Investment | Total Land Area | 3.32 AC |
| Status | Active |
| Price | $4,200,000 |
| Price / SF | $50.65 / SF |
| Cap Rate | 7.05% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 82,917 SF |
| Total Land Area | 3.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1365-1379 Lawson Ln, Chesterton, IN 46304 | Multifamily | 10,640 SF | 1999 | - |
| 1230-1256 Lake Charles Ave, Porter, IN 46304 | Multifamily | 57,480 SF | 1997 | - |
| 1326-1340 Lake Charles Ave, Porter, IN 46304 | Multifamily | 14,797 SF | 2000 | - |
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