5263 Mulberry Avenue, Portage, IN 46368 (MLS# 840159)

5263 Mulberry Avenue, Portage, IN 46368

$805,000

Property Type: Commercial Sale Square Footage: 4,968 Lot Size (sq. ft.): 27,840 Status: Pending

Current Price: $805,000 List Date: 6/05/2026 Last Modified: 6/15/2026

Overview

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.

Listing Details MLS# 840159

General Property Information

Number Of Units Total: 6
Living Area: 4968
Building Area Source: Assessor
Year Built: 1967
Parking Total: 12
Lot Size Acres: 0.6391
Lot Size Square Feet: 27840
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No

Property Features

Basement: Crawl Space Building Features: Other Business Type: Other Construction Materials: Brick Cooling: Central Air Current Use: Multi-Family Electric: 100 Amp Service Exterior Features: None Heating: Forced Air; Natural Gas Listing Terms: Cash; Conventional Lot Features: Back Yard Owner Pays: Sewer Parking Features: Driveway Possession: Close Of Escrow; Subject To Tenant Rights Possible Use: Multi-Family; Residential Rail Availability: None Roof: Shingle Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: Electricity; Gas; Trash Collection; Water Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 805000
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 5263
Street Name: Mulberry
Street Suffix: Avenue
County: Porter
State: IN
Postal Code: 46368

Remarks and Miscellaneous

Public Remarks: 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.

Status Change Information

Major Change Timestamp: 2026-06-15T17:47:17Z
Major Change Type: Status Change
Status Change Timestamp: 2026-06-15
Offer Acceptance Date: 2026-06-14

More Information

Exemption Information

Exemption YN: No

Showing Requirements

Showing Instructions: Open House Date TBD

Location, Tax, and Legal

Tax Annual Amount: 10972
Tax Year: 2025
Tax Legal Description: Cooley's 2ND N1/2 Lot 63, Cooley's 2ND N1/2 Lot 62, Cooley's 2ND N1/2 Lots 61
Parcel Number: 640515402003000016
Additional Parcels YN: Yes
Additional Parcels Description: 640515402004000016, 640515402005000106
Township: Portage
Directions: US 6 to County Line Rd, north to Mulberry Ave, east to property. Three adjacent duplexes at 5263-65, 5271-73, and 5277-79 Mulberry Ave.

Basement

Crawl Space: Yes

Construction Materials

Brick: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes

Exterior Features

None: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Back Yard: Yes

Parking Features

Driveway: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Owner Pays

Sewer: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Trash Collection: Yes
Water: Yes

Current Use

Multi-Family: Yes

Possible Use

Multi-Family: Yes
Residential: Yes

Building Features

Other: Yes

Business Type

Other: Yes

Rail Availability

None: Yes

Listing Office: Ellsbury Group

Last Updated: June - 15 - 2026

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