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5263 Mulberry AVE Portage, IN 46368
4,968 SqFt
UPDATED:
Key Details
Property Type Commercial
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
Acres 0.6391
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
Interior
Heating Forced Air, Natural Gas
Fireplace N
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Back Yard
Others
Tax ID 640515402003000016
Acceptable Financing NRA20260604205407278182000000
Listing Terms NRA20260604205407278182000000
Listed by Ellsbury Group • Tariq Suboh