Brick Duplex with Open
New
For Sale
$374,900
3103 Winter Garden Drive, Valparaiso, IN 46385
Residential, Valparaiso, IN
Property Size1,780 SF
Lot Size0.14 Acres
Price / SF$210.62
Days on Market2
Property Features for 3103 Winter Garden Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Dining Room, Laundry Room, Bedroom 3
Parking features
Open, Driveway
Patio and Porch features
Patio
Interior features
Cathedral Ceiling(s), Walk-In Closet(s), Recessed Lighting, Pantry, Open Floorplan, Kitchen Island, Granite Counters, Eat-in Kitchen, Double Vanity, Ceiling Fan(s)
Fireplace
1
Appliances
Built-In Gas Range, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Dishwasher, Disposal, Dryer
Subdivision
Beauty Crk Villa Homes
Lot features
Back Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Front Yard
Elementary school district
Valparaiso
Middle school district
Valparaiso
High school district
Valparaiso
Directions
From 130 turn left onto W. County Road 400 N., turn left onto Winter Garden Dr. and the home is on your left.
Standard status
Active
APN
640910476031000004
Size
1,780 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEAUTY CREEK VILLA HOMES N1/2 LOT 67 .14A
Tax Annual Amount
3636
HOA Fee
$175 Annually
Legal Description
BEAUTY CREEK VILLA HOMES N1/2 LOT 67 .14A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
vaulted ceilings
granite countertops
stainless steel appliances
pantry
island
jetted tub
walk-in closet
laundry room
Building Details
Year built
2015
Floors in Building
1
Listing Agency:
Realty Executives Premier · Realty Executives International
(219) 462-2224
Listed By:
Lauren Piazza
(219) 973-9767
Added: Sep 10
Last Checked: Sep 11 at 1:06AM
MLS# 845102
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 2015 brick duplex offers 1,780 square feet of residential space on a 0.14-acre lot in Valparaiso. The interior features an open arrangement connecting the living, kitchen, and dining areas, along with vaulted ceilings, recessed lighting, and a kitchen island. Granite counters, solid wood cabinetry, stainless steel appliances, a pantry, and dedicated laundry space add functional detail. The home includes 3 bedrooms and 2 full bathrooms, including a primary suite with a walk-in closet, double vanity, jetted tub, and separate tiled shower. A fireplace and patio provide additional interior and exterior features.
The property is located on Winter Garden Drive in Valparaiso, within Porter County. Public water and public sewer serve the property. Parking includes an attached 2-car garage, driveway, and open parking areas.
The property is located on Winter Garden Drive in Valparaiso, within Porter County. Public water and public sewer serve the property. Parking includes an attached 2-car garage, driveway, and open parking areas.
Key Highlights
- Brick duplex built in 2015
- 1,780 square feet on a 0.14‑acre lot
- 3 bedrooms and 2 full bathrooms
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
$16,215
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
4.33%
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%
$324,300
$324.3K
Cap Rate 7%
$231,643
$231.6K
Cap Rate 9%
$180,167
$180.2K
Market Conditions
NOI Build-Up for 1,780 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
$24.6K $13.80/SF
− Vacancy
−$1.4K −$0.79/SF
EGI
$23.2K $13.01/SF
− OpEx
−$6.9K −$3.90/SF
NOI
$16.2K $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%
$324,300
Cap Rate 7%
$231,643
Cap Rate 9%
$180,167
Alternative Uses
Best Use
Multifamily LT 5
$231.6K
$202.7K – $270.3K
NOI $16,215 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$201.9K
$176.7K – $235.6K
NOI $14,135 @ 7.0% cap · market cap 3.77%
Theoretical Best
Healthcare Medical
$674.6K
$590.3K – $787.1K
NOI $47,224 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
51
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Well-appointed duplex with granite finishes, private outdoor space, and attached garage parking.
Where is this duplex located?
The property is located at 3103 Winter Garden Drive Valparaiso, IN.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Brick duplex built in 2015; 1,780 square feet on a 0.14‑acre lot; 3 bedrooms and 2 full bathrooms
