Duplex with
For Sale
$399,900
Pending
3502 Bob White Circle, Valparaiso, IN 46383
SINGLE_FAMILY - Valparaiso, IN
Property Size1,933 SF
Lot Size0.32 Acres
Days on Market177
Property Features for 3502 Bob White Circle
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
residential
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Dining Room, Bedroom 3
Parking features
Oversize, Driveway, Garage
Window features
Blinds, Insulated Windows
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Pantry, Open Floorplan, Laminate Counters, High Ceilings, Eat-in Kitchen, Entrance Foyer, Crown Molding
Exterior features
Rain Gutters
Basement
Crawl Space
Appliances
Dryer, Washer, Refrigerator, Range, Microwave, Gas Water Heater, Dishwasher, Disposal
Subdivision
Quail Ridge
Lot features
Landscaped, Paved
View
Park
Elementary school district
Valparaiso
Middle school district
Valparaiso
High school district
Valparaiso
Directions
North on Calumet Avenue to Country Club Road, turn East to Quail Ridge. Wind around to Quail Covey Dr, turn onto Bobwhite Circle, last house on right.
Standard status
Pending
APN
641007256025000003
Size
1,933 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
QUAIL RIDGE UNIT 5 BOBWHITE VILLAGE PHASE 2 LOT 9 DISANXD DR434 P463
Tax Annual Amount
2310
HOA Fee
$850 Quarterly
Legal Description
QUAIL RIDGE UNIT 5 BOBWHITE VILLAGE PHASE 2 LOT 9 DISANXD DR434 P463
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Natural Gas
Water source
Public
Building Details
Year built
1992
Floors in Building
1
Listing Agency:
BHHS Indiana Realty · Berkshire Hathaway HomeServices
(219) 464-8521
Listed By:
Mitzi Wingenroth
(219) 241-2101
Added: Feb 9
Changed: Aug 1
Last Checked: Aug 5 at 3:06AM
MLS# 833770
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers an open floor plan with high ceilings, crown molding, and an entrance foyer. Interior finishes include laminate counters, ceiling fans, a pantry, and walk-in closets, including a primary bedroom that opens to the sunroom. The main level also includes main floor laundry/utility room, a breakfast nook, and a full bath located between the two bedrooms. A third bedroom is currently used as a spacious office. A patio and rain gutters are included, and the property is served by public water and public sewer. Heating is central forced air using natural gas.
Set on a 0.324-acre lot in Quail Ridge, the property is described as being positioned near nature and common space, next to the Valparaiso Country Club and golf course. The oversized 2.5 car garage, along with driveway parking, supports convenient day-to-day access.
Built in 1992, the home totals 1,933 square feet and includes the appliances listed in the materials (washer, dryer, refrigerator, range, microwave, gas water heater, dishwasher, and disposal).
Set on a 0.324-acre lot in Quail Ridge, the property is described as being positioned near nature and common space, next to the Valparaiso Country Club and golf course. The oversized 2.5 car garage, along with driveway parking, supports convenient day-to-day access.
Built in 1992, the home totals 1,933 square feet and includes the appliances listed in the materials (washer, dryer, refrigerator, range, microwave, gas water heater, dishwasher, and disposal).
Key Highlights
- 0.324‑acre lot in Quail Ridge
- 1,933 SF duplex with an open floor plan
- Sunroom off the primary bedroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $13.80 |
| − Vacancy | −$1.5k | −$0.79 |
| EGI | $25.2k | $13.01 |
| − OpEx | −$7.5k | −$3.90 |
| NOI | $17.6k | $9.11 |
1,933 SF · lease $13.80/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$251.5K
$220.1K – $293.5K
NOI $17,608 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$219.3K
$191.9K – $255.8K
NOI $15,350 @ 7.0% cap · market cap 3.84%
Theoretical Best
Healthcare Medical
$732.6K
$641.1K – $854.7K
NOI $51,284 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 46383, IN
41,981
Population
18,343
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
95%
High-School Grad
87.5 sq mi
ZIP Area
480
Density / Sq Mi
$75,575
Median Household Income
$43,065
Median Earnings
$1,144
Median Rent
$258,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Maintenance-free duplex features sunroom, high ceilings, open floor plan, and oversized two-and-a-half car garage.
Where is this duplex located?
The property is located at 3502 Bob White Circle Valparaiso, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 0.324‑acre lot in Quail Ridge; 1,933 SF duplex with an open floor plan; Sunroom off the primary bedroom
