5172 Central Avenue, Portage, IN 46368 - Photo 1

1/1

$240,000

Sold
Closed
Multi-Family
5 Total Beds

1/1

Property Description

Start or add on to your real estate investment portfolio with this two-unit property in Portage. The main level unit includes two bedrooms and one full bathroom. The upper level unit has three bedrooms and one full bathroom. Both units are in good condition and have received recent interior updates. Each unit is currently occupied with leases running into spring and summer 2026. The current leases have the two-bedroom at 1,100 per month and the three-bedroom renting for 1,200 per month. The property is located on a main thoroughfare with excellent visibility for when needing rented in the future. The lot is one-half acre, leaving plenty of room to add storage or a garage to increase both the property's value and potential rent. Tenants pay water, electricity, and natural gas. The landlord pays sewer and stormwater expenses.

Full Property Details

Full Property Details for 5172 Central Ave

General

Sold For: $240,000
Taxes: $4,326 (2024)
Status: Closed
Type: Multi-Family
Source: GNIAR
MLS ID: 829459
Added to Site: 91 day(s) ago

Interior

Number of Rooms: 11
Interior Features: Ceiling Fan(s)
Appliances: Gas Range, Refrigerator

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 5

Exterior

Exterior Features: Private Yard

Location

County: Porter
Township: Portage
Subdivision: None
Driving Directions: From County Line Rd. east on Central Ave. The property is on the northside of Central Ave. between Blake Rd. and Hickory St.

School Information

High School District: Portage Township

Heating & Cooling

Heating Type: Forced Air, Natural Gas

Structural Information

Year Built: 1933

Lot Features

Lot Size (Acres): 0.4984
Lot Size (Sq. Ft.): 21,710
Lot Features: Back Yard, Rectangular Lot, Landscaped, Front Yard

Financial Considerations

Tax Amount: $4,326
Tax Year: 2024
Terms: Cash, Conventional

Disclosures and Reports

Legal Description: W1/2 E129.86 W506.56 N336.44 SE NW NRD 15-36-7 .50
Property ID: 640515176007000016

Listed by Listing Leaders
Sold by @properties/Christie's Intl RE

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Schools

Schools serving 5172 Central Ave

School District:Portage Township Schools

Name	Grades	Distance
Wallace Aylesworth Elementary 5910 Central Avenue, Portage, IN 46368	K-5	1.5 mi
William Fegely Middle School 5384 Stone Avenue, Portage, IN 46368	6-8	0.8 mi
Portage High School, Portage, IN 6450 US Highway 6, Portage, IN 46368	9-12	2.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5172 Central Ave

Date

Details

Price

Change

Source

12/15/2025

Sold

$240,000

-3.96%

MLS

10/17/2025

Listed

$249,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3
Beds
1
Total Bath
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4
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2
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Price Reduced

-$4,000 (-0.89%)

$445,000

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Single Family
Active
Updated 1 day ago

4
Beds
3
Total Baths
2,280
Sq. Ft.

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Price Reduced

-$3,000 (-0.8%)

$371,990

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Single Family
Active
Updated 3 days ago

4
Beds
3
Total Baths
2,356
Sq. Ft.

Listed by DRH Realty of Indiana

5239 Central Ave, Portage, IN 46368 - Photo 1

Sold

$275,000

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Single Family
Closed

2
Beds
2
Total Baths
1,335
Sq. Ft.

Listed by Boulder Bay Realty Group
Sold by Realty Executives Premier

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Sold

$229,900

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Single Family
Closed

4
Beds
2
Total Baths
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Sq. Ft.

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Sold

$225,000

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Single Family
Closed

3
Beds
2
Total Baths
1,025
Sq. Ft.

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Sold

$270,000

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Single Family
Closed

3
Beds
2
Total Baths
2,240
Sq. Ft.

Listed by McColly Real Estate
Sold by Springer Real Estate Company

5172 Central Avenue, Portage, IN 46368 (MLS# 829459) is a Multi-Family property that was sold at $240,000 on December 15, 2025. Want to learn more about 5172 Central Avenue? Do you have questions about finding other Multi-Family real estate for sale in Portage? You can browse all Portage real estate or contact a Coldwell Banker agent to request more information.

5172 Central Ave Portage, IN 46368