Versatile 4-Unit Property in Prime Location - Ideal for Investors or Owner-Occupants!This fully rented, income-generating 4-unit building offers a rare opportunity in a highly sought-after area. The property includes two 2-bedroom units and two 1-bedroom units, providing flexible living and rental options. Features include on-site laundry, off-street parking, and a convenient location close to the bike trail and toll road. Whether you're an investor seeking steady cash flow or an owner-occupant planning to live in one unit while renting the others, this property delivers both value and potential.
Closed
$406,000
5533 Aspen Ave, Portage, IN 46368
6beds
--sqft
Quadruplex
Built in 1970
-- sqft lot
$430,200 Zestimate®
$--/sqft
$1,520 Estimated rent
Home value
$430,200
$379,000 - $490,000
$1,520/mo
Zestimate® history
Owner options
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$1,520/mo
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$1,520/mo
Rent Zestimate®
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$2,488/mo
Est. payment
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$2,488/mo
Est. payment
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Off-street parkingOn-site laundry
Zillow last checked:
Listing updated:
Listed by:
Sandra Wiedemann,
@properties/Christie's Intl RE 219-440-0070,
Myra Mitchell,
@properties/Christie's Intl RE
Bought with:
Farris Gosea, RB20000951
Ellsbury Group
Source: NIRA as distributed by MLS GRID,MLS#: 821002
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water
Appliances
- Included: Electric Range, Refrigerator, Range Hood
- Laundry: Laundry Room
Features
- Ceiling Fan(s)
- Has basement: No
- Has fireplace: No
Interior area
- Finished area above ground: 3,236
Property
Parking
- Parking features: Additional Parking, Asphalt
Features
- Levels: Other
- Patio & porch: Deck, Patio
- Exterior features: None
Lot
- Size: 0.36 Acres
- Features: Back Yard, Corner Lot
Details
- Parcel number: 640523305001000016
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Willowdale 06
HOA
- Has HOA: No
Location
- Region: Portage
Financial & listing details
- Tax assessed value: $222,400
- Annual tax amount: $3,647
- Date on market: 5/19/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,FHA,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2025 | Sold | $406,000+1.5% |
Source:  NIRA as distributed by MLS GRID #821002 Report a problem | ||
| 5/20/2025 | Pending sale | $400,000 |
Source: NIRA as distributed by MLS GRID #821002 Report a problem | ||
| 5/19/2025 | Listed for sale | $400,000+66.7% |
Source: NIRA as distributed by MLS GRID #821002 Report a problem | ||
| 8/16/2019 | Sold | $239,900+38.3% |
Source: NIRA as distributed by MLS GRID #458126 Report a problem | ||
| 9/8/2006 | Sold | $173,500 |
Source: NIRA as distributed by MLS GRID #159545 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 46368
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Nearby schools
GreatSchools rating
- 4/10George L Myers Elementary SchoolGrades: K-5Distance: 0.4 mi
- 6/10William Fegely Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Portage High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$430,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$430,200
- Indiana
- Porter County
- Portage
- 46368
- 5533 Aspen Ave
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