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5131 Independence Ave, Portage, IN 46368

$382,000

Last sold date unavailable

  • 7

    bed

  • —

    bath

  • 3,672

    Sqft ($53/Sqft)

Multi-family not for sale
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About 5131 Independence Ave

Property type Multi-family
Year built 1971
HOA fee $0/month
Lot size 8,712 Sqft
Movoto estimate
Property description
An AMAZING opportunity! Four unit complex in sought after Portage featuring 3 three bedroom units and 1 one bedroom unit. Lower level units vacant offering fantastic opportunity for an owner/occupant investment. Live in one unit and let the other three units not just pay your mortgage, but provide additional income! Off-street parking also offered along with coin laundry. An opportunity like this does not come around very often and would be a proud addition to any portfolio.
Listed by
Listing Agent - Geoffrey Cardwell
Listing Office - McColly Real Estate
Source: NIRA mls logo
MLS#482673 • last updated 2 years ago
Movoto checked NIRA for data 1 hour ago
Overview
Heating Baseboard, Electric
Type Residential Income
SubType Quadruplex
SqFt 3672
Status Closed
MLS # 482673
Lot Size (Acres) 0.2
Lot Size (SqFt) 8712
Year Built 1971
Interior
# of Full Baths 4
# Bedrooms 7
Total # of Rooms 15
Interior Features Elevator
Appliances Range, Refrigerator
Exterior
Parking Desc None
# of Parking Spaces 6
Lot Dimensions 139X86
Patio/Porch Porch
Amenities / Utilities
Utilities Cable Available, Electricity Available, Natural Gas Available, Sewer Available
Water Source Public
Location
County Porter
Subdivision None
Directions Blake Road To Independence
APN 640515331001000060
Multifamily Details
Owner Pays Electricity, Gas, Sewer, Water
Gross Scheduled Income 28080
Total Rent 28080
Net Operating Income 16180
Gross Income 1
Lot/ Land Details
Road Surface Gravel
$382K
Range: $263K-$500K
Last 30 days 
  • Sep 2020
    mls logo MLS # 482673
  • Sep 30, 2020 Listed
    $193,900
  • Year Property taxes Tax assessment
  • 2025
    $10,118 +310.3%
    $127,100
  • 2024
    $2,466 -63.0%
    $127,100 +5.13%
  • 2023
    $6,658 +71.8%
    $120,900 -0.08%
  • 2022
    $3,875 +62.8%
    $121,000
  • 2021
    $2,380
    $121,000 +5.22%
  • 2020
    $2,380 -9.6%
    $115,000
  • 2019
    $2,632
    $115,000
  • 5131 Independence Ave
    $193K
  • —
  • 46368
    $349K +6% y/y
  • Portage
    $349K +6% y/y
No chart available
Statistics calculated by Movoto

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3/10
Wallace Aylesworth Elementary
public Grades K-5
Portage Township Schools
5/10
William Fegely Middle School
public Grades 6-8
Portage Township Schools
4/10
Portage High School
public Grades 9-12
Portage Township Schools
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • IN
  • Porter County
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  • 46368
  • 5131 Independence Ave
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