5542 Mulberry Avenue Portage, IN ^$ 245,000

5542 Mulberry Avenue

^$ 245,000

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5542 Mulberry Avenue

Portage, IN, 46368

^$ 245,000

Bedrooms5 Baths3.0

Monthly Estimate*

^$ 1,528

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Multi-Family Home for sale in Portage, IN

for $245,000 with 5 bedrooms and 3 full baths. This home was built in 1930 on a lot size of 0.0895.

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!

Multi-Family Active

Price

^$ 245,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,706

Style

Triplex

Lot Size

0.0895

Year Built

1930

Town/City

Portage

County/Region

Porter

MLS | Web ID

831739

Features

Interior

Interior Amenities Other

Fireplace Y/N N

Above Grade Finished Area 1764

Total Bedrooms 5

Total Baths 3

General

Sewer Public Sewer

Heating Forced Air

Appliances Dishwasher Range Hood Refrigerator Gas Range

Pets Allowed No

Year Built 1930

Township Portage

Levels One

Property Subtype Triplex

Tax Year 2024

County Porter

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Dohertys 1st Add

Garage Y/N N

Full Baths 3

Status Active

Directions Central Ave to Willowdale South to Mulberry East to property

City Portage

Lot Size Square Feet 3900

Listing Terms Cash Conventional

Tax Annual Amount 3706

Standard Status Active

Tax Assessed Value 185300

Legal Description DOHERTYS 1ST ADD LOT 8 EX W26.5

Exterior

Exterior Amenities Storage

Lot Features Other

Water Source Public

Lot Size Acres 0.0895

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Chandra Pallikan

Listing Agent

Pmi Nwi

Broker

chandra@pminwi.com

Affordability Calculator

$1,837

Per Month

Monthly Principal & Interest: $1,528
Monthly Property Taxes: $309
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Portage, IN

Average List Price ^$298,633

Percent of Sale Price 22%

About Portage, IN

36,542 Population

10% Since 2002

^$56,911 Median Income

38.34 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/10/2025	$245,000		Listed Price

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5542 Mulberry Avenue, Portage, IN, 46368 is a Multi-Family Home for sale at $245,000 with a lot size of 0.0895. 5542 Mulberry Avenue has 5 bedrooms, 3.0 baths, and was built in 1930. The property's zip code is 46368 which is in Portage, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/13/2025.

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5542 Mulberry Avenue

Multi-Family Home for sale in Portage, IN

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