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Sold on 02/28/2024

5 Waltham St, Hammond, IN 46320

  • $752,000

    Last sold 02/28/2024 for $740K

  • 6

    bed

  • —

    bath

  • 6,132

    Sqft ($121/Sqft)

Multi-family not for sale
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About 5 Waltham St

Property type Multi-family
Neighborhood
Year built 1927
HOA fee $0/month
Lot size 7,449 Sqft
Movoto estimate
Parking 6 garage spaces
Property description
CASHFLOW! RARE opportunity to own all brick 12 unit comprised of 6-1 bedroom units & 6 studios. FULLY RENTED. Numerous big ticket repairs completed in recent years include: NEW roof w/tearoff on whole building & garage, rear deck partial replacement & new railings w/city inspection, 2 newer 75 gallon water heaters, ALL NEW water supply lines (hot & cold) PLUS all drain pipe, updated electric in building, refinished hardwood floors in all 12 units, & ALL 12 units had kitchens & bathrooms completely remodeled w/cabinetry, appliances, granite counters (1 bedroom units), & drywall ceilings all replaced. Carport/garage can hold 6 cars, plus additional gravel parking in rear. Newer infrastructure, 12 almost always occupied units, central location close to state line/parks/schools etc, AND NET ANNUAL INCOME NEAR $65,000! An outstanding cap rate for investors. Having everything under 1 roof will help to streamline the maintenance & management!
Listed by
Listing Agent - David J. Delano
Listing Office - Campbell Realty
Source: NIRA mls logo
MLS#504882 • last updated 2 years ago
Movoto checked NIRA for data 21 minutes ago
Overview
Type Residential Income
SqFt 6132
Status Closed
MLS # 504882
Lot Size (Acres) 0.171
Lot Size (SqFt) 7449
Year Built 1927
Interior
# of Full Baths 12
# Bedrooms 6
Total # of Rooms 24
Interior Features Elevator
Exterior
Parking Desc Detached
# Garage Spaces 6
# of Parking Spaces 12
Exterior Features Storage
Lot Dimensions 62x120
Amenities / Utilities
Utilities Electricity Available, Natural Gas Available, Sewer Available
Water Source Public
Security Features Security System
Location
County Lake
Subdivision Homewood Add
Directions North On Hohman Ave, Left On Waltham.
APN 450601151012000000
Multifamily Details
Owner Pays Gas, Water
Gross Scheduled Income 90029
Total Rent 89280
Net Operating Income 65265
Gross Income 749
Lot/ Land Details
Road Surface Gravel
$752K
Range: $646K-$857K
Last 30 days 
  • Feb 2024
    mls logo MLS # 504882
  • Feb 28, 2024 Sold
    $740,000 (-7.5%)
  • Dec 1, 2021 Listed
    $799,900
  • 5 Waltham St
    $740K
  • Harrison Park Historic District
    $264K +76% y/y
  • 46320
    $215K +43% y/y
  • Hammond
    $199K -7% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
3/10
Kenwood Elementary School
public Grades PK, K-6
School City Of Hammond
4/10
Henry W Eggers Elem/Md School
public Grades 7-8
School City Of Hammond
2/10
Hammond High School
public Grades 9-12
School City Of Hammond
Source: GreatSchools.org © 2026. All rights reserved.

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