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$245,000 Sale Pending
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Property Description
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!
Full Property Details
Full Property Details for 5542 Mulberry Ave
General
- Price: $245,000
- Taxes: $3,706 (2024)
- Status: Pending
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 831739
- Updated: 1/3/2026
- Added to Site: 38 day(s) ago
Interior
- Interior Features: Other
- Appliances: Dishwasher, Range Hood, Refrigerator, Gas Range
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: Storage
Location
- County: Porter
- Township: Portage
- Subdivision: Dohertys 1st Add
- Driving Directions: Central Ave to Willowdale, South to Mulberry, East to property
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.0895
- Lot Size (Sq. Ft.): 3,900
- Lot Features: Other
Financial Considerations
- Tax Amount: $3,706
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: DOHERTYS 1ST ADD LOT 8 EX W26.5
- Property ID: 640514301006000016
Listed by Pmi Nwi
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Schools
Schools serving 5542 Mulberry Ave
School District:Portage Township Schools
| Name | Grades | Distance |
|---|---|---|
Wallace Aylesworth Elementary 5910 Central Avenue, Portage, IN 46368 | K-5 | 0.8 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 | 2.1 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 5542 Mulberry Ave
Date
Details
Price
Change
Source
12/10/2025
Listed
$245,000
—
MLS
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 5542 Mulberry Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,766
3%
$185,300
3%
2023
$3,650
54%
$179,500
15%
2022
$2,374
40%
$155,600
25%
2021
$1,696
128%
$124,000
140%
2020
$744
-32%
$51,700
—
2019
$1,094
4%
$51,700
4%
2018
$1,052
3%
$49,600
3%
2017
$1,026
—
$48,300
5%
2017
$1,026
5%
$45,800
—
2016
$976
-40%
$46,000
—
2015
$1,627
-10%
$45,900
-28%
2013
$1,803
—
$64,000
—
2012
$1,803
—
$64,000
—
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 5542 Mulberry Ave
5542 Mulberry Avenue, Portage, IN 46368 (MLS# 831739) is a Multi-Family property with units containing 5 bedrooms and 3 full bathrooms. 5542 Mulberry Avenue is currently listed for $245,000 and was received on December 10, 2025. Want to learn more about 5542 Mulberry 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.

