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$805,000 Just Listed
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Property Description
Rare opportunity to acquire six rental units across three adjacent duplex buildings in Portage, Indiana. Built in 1967, the property consists of six 2-bedroom, 1-bathroom units averaging approximately 828 square feet each. The portfolio currently produces 7,820 dollars per month in rental income and offers a strong tenant base with a variety of lease terms in place. Tenants are responsible for gas, electric, water, and trash service, while ownership is responsible only for sewer expenses, creating an efficient operating structure. Each unit is separately equipped with its own furnace, central air conditioning system, and water heater, simplifying maintenance and reducing operational complexity. Whether you're looking to expand an existing portfolio or enter the multifamily market, this six-unit investment offers stable cash flow in a well-established Portage rental location. Sale includes three duplex buildings located at 5263-65, 5271-73, and 5277-79 Mulberry Avenue.
Full Property Details
Full Property Details for 5263 Mulberry Ave
General
- Price: $805,000
- Taxes: $10,972 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: GNIAR
- MLS ID: 840159
- Updated: 6/5/2026
- Added to Site: Today
Exterior
- Exterior Features: None
Parking
- Parking Features: Driveway
Location
- County: Porter
- Township: Portage
- Driving Directions: US 6 to County Line Rd, north to Mulberry Ave, east to property. Three adjacent duplexes at 5263-65, 5271-73, and 5277-79 Mulberry Ave.
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 4,968
- Year Built: 1967
Lot Features
- Lot Size (Acres): 0.6391
- Lot Size (Sq. Ft.): 27,840
- Lot Features: Back Yard
Financial Considerations
- Tax Amount: $10,972
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: Cooley's 2ND N1/2 Lot 63, Cooley's 2ND N1/2 Lot 62, Cooley's 2ND N1/2 Lots 61
- Property ID: 640515402003000016
Listed by Ellsbury Group
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Schools
Schools serving 5263 Mulberry Ave
School District:Portage Township Schools
| Name | Grades | Distance |
|---|---|---|
Wallace Aylesworth Elementary 5910 Central Avenue, Portage, IN 46368 | K-5 | 1.4 mi |
William Fegely Middle School 5384 Stone Avenue, Portage, IN 46368 | 6-8 | 0.5 mi |
Portage High School, Portage, IN 6450 US Highway 6, Portage, IN 46368 | 9-12 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5263 Mulberry Ave
Date
Details
Price
Change
Source
6/05/2026
Listed
$805,000
64.29%
MLS
11/03/2022
Sold
$490,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5263 Mulberry Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,444
—
$174,600
3%
2024
$3,444
3%
$170,200
3%
2023
$3,332
14%
$164,600
14%
2022
$2,926
8%
$144,300
8%
2021
$2,710
13%
$133,500
13%
2020
$2,406
—
$118,300
—
2019
$2,406
5%
$118,300
5%
2018
$2,302
-4%
$113,100
-4%
2017
$2,392
—
$117,600
3%
2017
$2,392
3%
$114,300
17%
2016
$2,326
17%
$97,400
—
2015
$1,991
-30%
$97,400
—
2013
$2,863
4%
$97,400
—
2012
$2,743
—
$97,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5263 Mulberry Ave
5263 Mulberry Avenue, Portage, IN 46368 (MLS# 840159) is a Commercial Multi-Family property. 5263 Mulberry Avenue is currently listed for $805,000 and was received on June 05, 2026. Want to learn more about 5263 Mulberry Avenue? Do you have questions about finding other Commercial 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.

