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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
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
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 46-06-05-326-005.000-062
  • 46-06-05-326-013.000-062
  • 46-06-05-326-006.000-062
  • 46-06-05-326-007.000-062
  • 46-06-05-377-002.000-062
  • 46-06-05-326-017.000-062
  • 46-06-05-326-016.000-062
  • 46-06-05-377-004.000-062
  • 46-06-05-326-011.000-062
  • 46-06-05-326-018.000-062
  • 46-06-05-326-012.000-062
  • 46-06-05-326-010.000-062
  • 46-06-05-376-001.000-062
  • 46-06-05-326-014.000-062
Land Assessment
$212,784 CAD
Improvements Assessment
$1,254,602 CAD
Total Assessment
$1,467,386 CAD
  • Listing ID: 39818667

  • Date on Market: 2026-03-18

  • Last Updated:

  • Address: 5056 N Pawnee Trl, La Porte, IN 46350

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