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New Construction Duplex
For Sale
$280,270

3803 Countryside Drive, Portage, IN 46368

Residential, Portage, IN

Property Size1,469 SF
Lot Size0.17 Acres
Price / SF$190.79
Days on Market52

Property Features for 3803 Countryside Drive

General Information

Property type Residential
Property subtype Duplex
Property condition Under Construction
Bedrooms 3
Bathrooms 2
Full bathrooms 1
Rooms Great Room, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Parking features Driveway, Garage
Patio and Porch features Patio
Interior features Eat-in Kitchen, Open Floorplan, Kitchen Island
Subdivision Farmington Estates
Lot features Back Yard, Landscaped
Directions From RT 6 south on Samuelson then west on Countryside Drive.
Standard status Active
Size 1,469 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 10
HOA Fee $130 Monthly

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 2026
Floors in Building 1
Listing Agency: Better Homes and Gardens Real · Better Homes and Gardens Real Estate
Listed By: Sarah Eenigenburg
Added: Sep 7 Changed: Oct 21 Last Checked: Oct 28 at 7:06AM
MLS# 844938

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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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This under-construction duplex is planned as a 1,469-square-foot residence with three bedrooms and two bathrooms. The interior layout includes a Great Room, open floor plan, eat-in kitchen, pantry, kitchen island, quartz countertops, and ample cabinetry. Nine-foot ceilings add volume to the main living spaces, while forced-air heating supports the interior environment.

The property occupies a 0.17-acre lot in Farmington Estates in Portage, Indiana. Exterior features include a 12x12 concrete patio, driveway, and garage. Public water and public sewer serve the property, and a builder warranty is included. Construction is scheduled for 2026.

Key Highlights

  • 1,469‑square‑foot under‑construction duplex
  • Three bedrooms and two bathrooms
  • Open floor plan with Great Room and eat‑in kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$13,382
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,640 $267.6K
Cap Rate 7%
$191,171 $191.2K
Cap Rate 9%
$148,689 $148.7K
Market Conditions
NOI Build-Up for 1,469 SF
Gross rent
$20.3K $13.80/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$19.1K $13.01/SF
− OpEx
−$5.7K −$3.90/SF
NOI
$13.4K $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%
$267,640
Cap Rate 7%
$191,171
Cap Rate 9%
$148,689

Alternative Uses

Best Use
Multifamily LT 5
$191.2K
$167.3K – $223.0K (±1% cap)
NOI $13,382 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$166.7K
$145.8K – $194.4K (±1% cap)
NOI $11,666 @ 7.0% cap · market cap 4.16%
Theoretical Best
Healthcare Medical
$556.8K
$487.2K – $649.6K (±1% cap)
NOI $38,973 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

49
Businesses Nearby

Demographics for 46368, IN

39,837
Population
16,870
Households
2.4
Avg Household Size
39
Median Age
18%
College-Educated
90%
High-School Grad
25.3 sq mi
ZIP Area
1,575
Density / Sq Mi
$72,638
Median Household Income
$42,508
Median Earnings
$1,140
Median Rent
$213,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Under-construction duplex with an open living area, eat-in kitchen, attached garage, and private patio.
Where is this duplex located?
The property is located at 3803 Countryside Drive Portage, IN.
What is the asking price?
The asking price for this property is $280,270.
What are key features of this property?
This property features: 1,469‑square‑foot under‑construction duplex; Three bedrooms and two bathrooms; Open floor plan with Great Room and eat‑in kitchen
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Includes: Price & PSF · Cap rate · Location · Zoning

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