Duplex Property with Four-Seasons
For Sale
$279,900
Pending
2202 Stori Lane, Valparaiso, IN 46383
Residential, Valparaiso, IN
Property Size1,519 SF
Lot Size0.11 Acres
Days on Market52
Property Features for 2202 Stori Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Kitchen, Laundry Room, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Garage, Open, Driveway, Off Street
Interior features
Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Recessed Lighting, Pantry, High Ceilings, Eat-in Kitchen, Entrance Foyer
Basement
Crawl Space
Appliances
Dryer, Water Softener Owned, Washer, Refrigerator, Gas Range, Dishwasher
Subdivision
Streamwood 01
Lot features
Cul-De-Sac, Paved, Landscaped
Directions
Laporte Avenue and Harmel,(Tomato Bar) Turn South on Harmel and will turn into Stori lane
Standard status
Pending
APN
641019451032000004
Size
1,519 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
REPLAT STREAMWOCOD UNIT 1 PUD E PT LOT 6 & W PT LOT 7 .11A
Tax Annual Amount
1043
HOA Fee
$110 Monthly
Legal Description
REPLAT STREAMWOCOD UNIT 1 PUD E PT LOT 6 & W PT LOT 7 .11A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
four-seasons room
deck
laundry room
Building Details
Year built
1996
Floors in Building
1
Listing Agency:
Listing Leaders
(219) 462-5478
Listed By:
Lisa Moore
(219) 405-8464
Added: Aug 27
Changed: Oct 3
Last Checked: Oct 17 at 1:06AM
MLS# 844454
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.
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Investment Insights
Based on property information with market context.
This 1,519-square-foot duplex property, built in 1996, includes three bedrooms and two bathrooms within an open-concept layout. The main living areas connect the living room with an eat-in kitchen equipped with a refrigerator, gas range, and dishwasher. A separate laundry room includes a washer, dryer, and laundry tub. Additional interior features include vaulted and high ceilings, recessed lighting, pantry storage, ceiling fans, and a walk-in closet.
A four-seasons room extends the usable living area, while the deck provides outdoor space. The attached two-car garage offers parking and storage, with additional driveway and off-street parking available. Public water and public sewer serve the property. The HOA includes lawn maintenance and snow removal. The home is located in Valparaiso near shopping, dining, and major highways.
A four-seasons room extends the usable living area, while the deck provides outdoor space. The attached two-car garage offers parking and storage, with additional driveway and off-street parking available. Public water and public sewer serve the property. The HOA includes lawn maintenance and snow removal. The home is located in Valparaiso near shopping, dining, and major highways.
Key Highlights
- 1,519 square feet with 3 bedrooms and 2 bathrooms
- Four‑seasons room and deck provide additional indoor and outdoor living areas
- Attached 2‑car garage plus driveway and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,837
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,740
$276.7K
Cap Rate 7%
$197,671
$197.7K
Cap Rate 9%
$153,744
$153.7K
Market Conditions
NOI Build-Up for 1,519 SF
Gross rent
$21.0K $13.80/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$19.8K $13.01/SF
− OpEx
−$5.9K −$3.90/SF
NOI
$13.8K $9.11/SF
Area
Porter County, IN
Vacancy
5.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,740
Cap Rate 7%
$197,671
Cap Rate 9%
$153,744
Alternative Uses
Best Use
Multifamily LT 5
$197.7K
$173.0K – $230.6K
NOI $13,837 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$172.3K
$150.8K – $201.1K
NOI $12,063 @ 7.0% cap · market cap 4.31%
Theoretical Best
Healthcare Medical
$575.7K
$503.8K – $671.7K
NOI $40,300 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Open-concept residence with an attached garage, included appliances, and outdoor living areas.
Where is this duplex located?
The property is located at 2202 Stori Lane Valparaiso, IN.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,519 square feet with 3 bedrooms and 2 bathrooms; Four‑seasons room and deck provide additional indoor and outdoor living areas; Attached 2‑car garage plus driveway and off‑street parking
