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Pawnee Trail Townhomes 5056 N Pawnee Trl 30 Unit Apartment Building $4,118,400 CAD ($137,280 CAD/Unit) 8.19% Cap Rate La Porte, IN 46350



Investment Highlights
- Access & Connectivity
- Upside Potential with Rent Growth
- Off-Street Parking & Amenities
- Area Amenities & Demand Drivers
- Separately Metered Utilities
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property, known as “The Pawnee Trail Townhomes”, located at 5056 N Pawnee Trail in LaPorte, IN (the “Property”). The two-story, direct-entry townhome style units have a total of thirty (30) units comprised of sixteen (16) 2-Bedroom/1.5-Bathroom units, six (6) 3-Bedroom/1.5-Bathroom units, and eight (8) 3-Bed/2.5-Bathroom units with 39,112 square feet of gross living area in 42,000 square feet of gross area. The Property is situated upon 10-acres and features sixty (60) off street parking spaces. The Property is well-positioned in a residential area of LaPorte, Indiana, offering convenient access to the city’s local retail corridors, employment centers, and surrounding neighborhoods. The property benefits from strong regional connectivity via nearby State Road 2, U.S. Route 35, and Interstate 94, providing efficient travel to nearby economic hubs including Michigan City, Indiana and South Bend, Indiana, as well as broader access to the Chicago, Illinois metropolitan area. This accessible location places residents within close reach of regional shopping, employment opportunities, and recreational amenities while maintaining the appeal of a quieter residential setting within Northwest Indiana.
Property Facts
| Price | $4,118,400 CAD | Building Class | C |
| Price Per Unit | $137,280 CAD | Lot Size | 10.00 AC |
| Sale Type | Investment | Building Size | 42,000 SF |
| Cap Rate | 8.19% | Average Occupancy | 100% |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Apartment Style | Townhome |
| Price | $4,118,400 CAD |
| Price Per Unit | $137,280 CAD |
| Sale Type | Investment |
| Cap Rate | 8.19% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 42,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.43/1,000 SF |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,254,602 CAD | |
| Land Assessment | $212,784 CAD | Total Assessment | $1,467,386 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$212,784 CAD
Improvements Assessment
$1,254,602 CAD
Total Assessment
$1,467,386 CAD
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Pawnee Trail Townhomes | 5056 N Pawnee Trl
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