Pawnee Trail Townhomes
Multifamily | 30 Units | $100,000/unit
Marketing description
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.
Investment highlights
ACCESS & CONNECTIVITY
The Property is directly adjacent to U.S. 35, providing immediate highway connectivity to Michigan City, I-94, and the Indiana Toll Road for regional travel.
Local public transit includes TransPorte, the city's demand-response bus service offering curb-to-curb rides weekdays from 6 AM to 9 PM and Saturdays until 4 PM, accessible via phone scheduling.
Intercity bus services like Greyhound operate from the nearby Dairy Queen stop at 1233 Pine Lake Rd, while the South Shore Line commuter rail to Chicago is available at the Carroll Ave. station in town and Hudson Lake station in La Porte County.
AREA AMENITIES & DEMAND DRIVERS
Residents are just minutes from Pine Lake and the city’s “lake life” amenity base, including boating, fishing, swimming, and waterfront parks and trails that draw year-round activity and support demand from renters seeking outdoor and lifestyle-oriented living.
The broader La Porte park system, including Soldiers Memorial Park and other improved recreational facilities with ballfields, playgrounds, trails, and community programming, further enhances neighborhood livability and attractiveness for apartment-style housing.
Demand is reinforced by a diversified employment base across healthcare, manufacturing, and services, with major county employers such as Northwest Health – La Porte, Howmet Aerospace, Alpha Baking, Aero Metals, American RENOLIT Corporation, and nearby Blue Chip Casino and correctional facilities providing a steady pool of workers commuting into the area.
UPSIDE POTENTIAL WITH RENT GROWTH
In-place rents are below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.
SEPARATELY METERED UTILITIES
Tenants are responsible for gas-powered hot water, individual furnace heating, and individually metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.
OFF-STREET PARKING & AMENITIES
The Property features sixty (60) off-street parking spaces, an added amenity for tenants to have a car for transportation.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 7,216 people live within 3 miles of the Property with an average household income of $101,708. Over 27,991 people reside within 5 miles of the Property with an average household income of $95,960.
QUALITY OF LIFE AMENITIES
Along Pine Lake Avenue and into downtown La Porte, national and quick-service options such as Starbucks at 105 Pine Lake Ave, Buffalo Wild Wings, and other familiar chains are complemented by local favorites like Heston Supper Club, Mom’s Home Café, Mucho Mas Grill, Northside BBQ, Portofino Grill, and a range of independent cafés and diners.
Daily shopping needs are well served by a Kroger grocery store at 55 Pine Lake Ave, a Walmart Supercenter at 333 Boyd Blvd, and a Kroger-anchored retail node that also includes Walgreens, CVS, McDonald’s, and other national convenience and service brands.
Outdoor recreation is a major draw, with Pine Lake and Kiwanis-Teledyne Park offering a fishing pier, lakefront walking, shelters, and direct access to the multi-use Chessie Trail that links the lakefront to NewPorte Landing and other park and trail assets around the city.
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