Corner-Lot
For Sale
$329,900
2950 Daintree Way, Valparaiso, IN 46385
SINGLE_FAMILY - Valparaiso, IN
Property Size1,549 SF
Lot Size0.16 Acres
Price / SF$212.98
Days on Market8
Property Features for 2950 Daintree Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Dining Room, Bedroom 2, Bedroom 1, Bonus Room, Bathroom 2, Laundry Room, Bathroom 1, Laundry Room
Parking features
Driveway, On Street, Open
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Stone Counters, Open Floorplan, Kitchen Island, Eat-in Kitchen
Appliances
Dryer, Washer, Refrigerator, Microwave, Electric Range, Dishwasher, Disposal
Subdivision
Pepper Cove Ph 2
Lot features
Back Yard, Paved, Landscaped, Front Yard, Corner Lot
Elementary school district
Valparaiso
Middle school district
Valparaiso
High school district
Valparaiso
Directions
IN-130 to Vale Park Rd. Follow Vale Park Rd to Clear Brook Dr and make right. Take to Daintree Way and make left. Follow to home on left at corner.
Standard status
Active
APN
640915129023000004
Size
1,549 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
PEPPER COVE PH 2 LOT 23A .156A
Tax Annual Amount
3164
HOA Fee
$151 Monthly
Legal Description
PEPPER COVE PH 2 LOT 23A .156A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
2020
Floors in Building
1
Listing Agency:
Century 21 Circle · Century 21 Real Estate
(219) 662-5445
Listed By:
Frank Ruvoli
(219) 306-6419
Added: Aug 13
Last Checked: Aug 20 at 9:06AM
MLS# 843814
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 2-bedroom, 2-bath half-duplex at 2950 Daintree Way provides 1,549 square feet of single-level living space on a 0.156-acre corner lot. Built in 2020, the home has an open floor plan connecting the kitchen, dining area, and living room. Kitchen features include quartz countertops, tile backsplash, extensive cabinetry, and a central island. The primary suite includes a private bathroom with a walk-in shower and a walk-in closet, while a bonus room adds flexible space for an office, den, or additional living area.
A concrete patio extends from the rear entry, and the attached 2-car garage provides parking and storage. The HOA handles lawn care, snow removal, and irrigation. Public water and public sewer serve the property, which is located in Valparaiso near downtown.
A concrete patio extends from the rear entry, and the attached 2-car garage provides parking and storage. The HOA handles lawn care, snow removal, and irrigation. Public water and public sewer serve the property, which is located in Valparaiso near downtown.
Key Highlights
- 2‑bedroom, 2‑bath half‑duplex with 1,549 square feet of living space
- Built in 2020 on a 0.156‑acre corner lot
- Open floor plan with kitchen island, quartz countertops, and tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$282,200
$282.2K
Cap Rate 7%
$201,571
$201.6K
Cap Rate 9%
$156,778
$156.8K
Market Conditions
NOI Build-Up for 1,549 SF
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.
Gross rent
$21.4K $13.80/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$20.2K $13.01/SF
− OpEx
−$6.0K −$3.90/SF
NOI
$14.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$282,200
Cap Rate 7%
$201,571
Cap Rate 9%
$156,778
Alternative Uses
Best Use
Multifamily LT 5
$201.6K
$176.4K – $235.2K
NOI $14,110 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$175.7K
$153.8K – $205.0K
NOI $12,301 @ 7.0% cap · market cap 3.73%
Theoretical Best
Healthcare Medical
$587.1K
$513.7K – $684.9K
NOI $41,096 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 46385, IN
41,832
Population
16,071
Households
2.6
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
80.7 sq mi
ZIP Area
518
Density / Sq Mi
$97,208
Median Household Income
$50,582
Median Earnings
$1,225
Median Rent
$305,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Single-level residence with an open kitchen, dining, and living area plus HOA-managed exterior maintenance.
Where is this duplex located?
The property is located at 2950 Daintree Way Valparaiso, IN.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath half‑duplex with 1,549 square feet of living space; Built in 2020 on a 0.156‑acre corner lot; Open floor plan with kitchen island, quartz countertops, and tile backsplash
