Income-Producing Multifamily Property with Additional Flex Space
Investment opportunity at 909 E Lincolnway in La Porte. This approximately 2,165 sq. ft. multifamily property is currently fully occupied and offers immediate rental income along with potential for future value through cosmetic updates and rental-rate optimization. The property consists of 3 bedrooms and 2 bathrooms total, plus an additional bonus/flex room in the downstairs unit. The downstairs offers 2 bedrooms, bonus/flex room, living room, kitchen and bathroom. The upstairs unit includes 1 bedroom, living room, kitchen/dining area and bathroom. Currently tenants are month-to-month. Additional property features include a detached 20' × 24' garage, basement, enclosed porch, approximately 0.15-acre lot, and a roof installed in 2024. The property is being sold as part of an estate and is offered AS-IS. It would benefit from cosmetic updates, giving a new owner the opportunity to improve the property over time while maintaining an existing income-producing asset. Also available separately is the adjacent commercial property at 901–903 E Lincolnway, offering an opportunity for an investor or business owner interested in acquiring adjoining residential and commercial real estate along E Lincolnway. 909 E Lincolnway: $179,000. Serious buyers and investors are welcome to inquire for additional information or to schedule a showing. Please allow at least 24 hours' notice for showings due to tenant occupancy.
For sale by owner
$179,000
909 E Lincolnway, La Porte, IN 46350
3beds
2,165sqft
MultiFamily
Built in 1947
-- sqft lot
$-- Zestimate®
$83/sqft
$-- HOA
What's special
Enclosed porch
What the owner loves about this home
There is plenty of space, a yard, detached garage, and two separate living areas. With some updating and a little vision, I believe the next owner can really make this property their own.
- 72 days
- 256
- 18
Listed by:
Property Owner (219) 402-6496
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other, Gas
Cooling
- None
Features
- Basement: Unfinished
Interior area
- Total interior livable area: 2,165 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Detached, Off-street
Features
- Exterior features: Vinyl
- Has view: Yes
- View description: City
Lot
- Size: 6,600 Square Feet
Details
- Parcel number: 460636228013000043
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1947
Community & HOA
Location
- Region: La Porte
Financial & listing details
- Price per square foot: $83/sqft
- Tax assessed value: $141,800
- Annual tax amount: $2,318
- Date on market: 8/27/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,466/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $179,000$83/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,318 +100.5% | $141,800 +22.3% |
| 2024 | $1,156 -2.6% | $115,900 +0.3% |
| 2023 | $1,187 +6.6% | $115,600 -2.6% |
| 2022 | $1,114 +2.2% | $118,700 +6.6% |
| 2021 | $1,090 +2.6% | $111,400 +2.2% |
| 2020 | $1,062 +2% | $109,000 +2.6% |
| 2019 | $1,041 +0.5% | $106,200 +12.4% |
| 2018 | $1,036 +0.8% | $94,500 +0.5% |
| 2017 | $1,028 +23.6% | $94,000 +0.9% |
| 2016 | $832 -49.5% | $93,200 +13.2% |
| 2014 | $1,646 +3.3% | $82,300 +10.2% |
| 2013 | $1,594 | $74,700 -19.2% |
| 2010 | -- | $92,400 +70.5% |
| 2006 | $1,436 | $54,200 +2.8% |
| 2005 | -- | $52,700 |
Find assessor info on the county website
Monthly payment
Est. payment








