Calling all investors that want a turnkey, low maintenance, FULLY leased 3-unit investment property in the growing city of Portage. Each unit features its own furnace and appliances with tenants responsible for all utilities. This low-maintenance, income-producing asset offers strong, reliable leases that provide immediate cash flow!
Closed
$247,000
5542 Mulberry Ave, Portage, IN 46368
5beds
--sqft
Triplex
Built in 1930
-- sqft lot
$254,600 Zestimate®
$--/sqft
$1,424 Estimated rent
Home value
$254,600
$227,000 - $288,000
$1,424/mo
Zestimate® history
Owner options
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$1,424/mo
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$1,424/mo
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$1,614/mo
Est. payment
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$1,614/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Chandra Pallikan,
PMI NWI 219-318-1244
Bought with:
Lisa Valenti, RB14045122
Coldwell Banker Real Estate Gr
Source: NIRA as distributed by MLS GRID,MLS#: 831739
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Appliances
- Included: Dishwasher, Range Hood, Refrigerator
Features
- Other
- Has fireplace: No
Interior area
- Finished area above ground: 1,764
Property
Features
- Levels: One
- Exterior features: Storage
Lot
- Size: 3,898 Square Feet
- Features: Other
Details
- Parcel number: 640514301006000016
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Dohertys 1st Add
HOA
- Has HOA: No
Location
- Region: Portage
Financial & listing details
- Tax assessed value: $185,300
- Annual tax amount: $3,706
- Date on market: 12/10/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2026 | Sold | $247,000+0.8% |
Source:  NIRA as distributed by MLS GRID #831739 Report a problem | ||
| 1/3/2026 | Pending sale | $245,000 |
Source: NIRA as distributed by MLS GRID #831739 Report a problem | ||
| 12/27/2025 | Listed for sale | $245,000 |
Source: NIRA as distributed by MLS GRID #831739 Report a problem | ||
| 12/18/2025 | Contingent | $245,000 |
Source: NIRA as distributed by MLS GRID #831739 Report a problem | ||
| 12/10/2025 | Listed for sale | $245,000+40% |
Source: NIRA as distributed by MLS GRID #831739 Report a problem | ||
| 10/22/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 8/30/2022 | Price change | $1,067+12.3% |
Source: Zillow Rental Network_1 Report a problem | ||
| 8/28/2022 | Price change | $950-11% |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/4/2022 | Listed for rent | $1,067 |
Source: Zillow Rental Network_1 Report a problem | ||
| 4/22/2022 | Sold | $175,000+0.6% |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 3/10/2022 | Contingent | $174,000 |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 2/26/2022 | Listed for sale | $174,000 |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 1/26/2022 | Listing removed | -- |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 1/4/2022 | Price change | $174,000+8.8% |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 9/18/2021 | Listed for sale | $160,000 |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 8/20/2021 | Contingent | $160,000 |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 8/8/2021 | Price change | $160,000-9.6% |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 7/31/2021 | Price change | $177,000-3.5% |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 7/17/2021 | Price change | $183,500-3.4% |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 7/3/2021 | Listed for sale | $190,000 |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 6/14/2021 | Contingent | $190,000 |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 6/11/2021 | Listed for sale | $190,000+15.9% |
Source: NIRA as distributed by MLS GRID #494711 Report a problem | ||
| 11/23/2020 | Sold | $163,900+2.5% |
Source: NIRA as distributed by MLS GRID #481588 Report a problem | ||
| 9/22/2020 | Pending sale | $159,900 |
Source: BHHS Executive Realty #481588 Report a problem | ||
| 9/12/2020 | Listed for sale | $159,900 |
Source: BHHS Executive Realty #481588 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,706 +3.2% | $196,100 +5.8% |
| 2024 | $3,590 +55.1% | $185,300 +3.2% |
| 2023 | $2,314 +41.5% | $179,500 +15.4% |
| 2022 | $1,636 +139.1% | $155,600 +25.5% |
| 2021 | $684 -33.8% | $124,000 +139.8% |
| 2020 | $1,034 -1.7% | $51,700 |
| 2019 | $1,052 +2.5% | $51,700 +4.2% |
| 2018 | $1,026 | $49,600 +2.7% |
| 2017 | $1,026 +110.2% | $48,300 +5.5% |
| 2016 | $488 -50.2% | $45,800 -0.2% |
| 2014 | $980 -27.1% | $45,900 -26.4% |
| 2013 | $1,344 +1.3% | $62,400 -2.5% |
| 2012 | $1,327 +56.6% | $64,000 +51.3% |
| 2011 | $847 +3.4% | $42,300 +3.4% |
| 2010 | $819 -18.7% | $40,900 -18.7% |
| 2009 | $1,007 | $50,300 +10.5% |
| 2006 | -- | $45,500 +12.9% |
| 2005 | -- | $40,300 |
Find assessor info on the county website
Neighborhood: 46368
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Nearby schools
GreatSchools rating
- 3/10Wallace Aylesworth ElementaryGrades: K-5Distance: 0.8 mi
- 6/10William Fegely Middle SchoolGrades: 6-8Distance: 0.5 mi
- 4/10Portage High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$254,600
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
$254,600
- Indiana
- Porter County
- Portage
- 46368
- 5542 Mulberry Ave
Nearby cities
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