5263 Mulberry Avenue, Portage, IN 46368
$1,322,500
Property Type:
Commercial Sale
Square Footage:
4,968
Lot Size (sq. ft.):
27,840
Status:
Closed
Current Price:
$1,322,500
List Date:
6/05/2026
Last Modified:
8/10/2026
Overview
Description
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
- 2026-08-10T15:34:40Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-08-10
- Offer Acceptance Date
- 2026-06-14
- Close Date
- 2026-08-06
- Close Price
- 1322500
- Concessions
- No
- Buyer Financing
- Other
More Information
Exemption Information
- Exemption YN
- No
Showing Requirements
- Showing Instructions
- Open House Date TBD
Listing Office:
Ellsbury Group
Last Updated: August - 10 - 2026
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