Low-Maintenance Paired Villa
For Sale
$246,000
523 Hidden Oak Drive, Hobart, IN 46342
Residential, Hobart, IN
Property Size1,300 SF
Lot Size0.14 Acres
Price / SF$189.23
Days on Market403
Property Features for 523 Hidden Oak Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
residential
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Dining Room, Laundry Room, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Driveway, Open, Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Laminate Counters, Eat-in Kitchen, Entrance Foyer
Exterior features
Rain Gutters
Appliances
Dryer, Washer, Stainless Steel Appliance(s), Range Hood, Refrigerator, Gas Range, Dishwasher
Subdivision
Barrington Rdg #4
Lot features
Back Yard, Rectangular Lot, Landscaped, Front Yard
High school
Hobart High School
Elementary school district
Hobart
Middle school district
Hobart
High school district
Hobart
Directions
Take E 61st Ave, to S Lake Park Ave, Left on S Lake Park Ave to Bracken Pkwy. Turn right immediately onto Bracken Pkwy., Left on Lincoln St, Left on Hidden Oak to property on left.
Standard status
Active
APN
451305377011000018
Size
1,300 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BARRINGTON RIDGE UNIT 4 E1/2 LOT 7
Tax Annual Amount
2317
HOA Fee
$100 Monthly
Legal Description
BARRINGTON RIDGE UNIT 4 E1/2 LOT 7
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
clubhouse
fitness center
outdoor pool
private patio
Building Details
Year built
1995
Floors in Building
1
Listing Agency:
McColly Real Estate
(219) 462-2411
Listed By:
Katherine Phillips
(219) 405-0704
Added: Sep 11, 2025
Changed: Oct 16
Last Checked: Oct 18 at 2:06AM
MLS# 827556
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 well-maintained paired villa duplex offers 1,300 square feet of single-level living with a brick and vinyl exterior. The open interior includes an eat-in kitchen with stainless steel appliances, laminate counters, a dining area, two bedrooms, two bathrooms, and a laundry room. The primary bedroom features a walk-in closet and attached three-quarter bath. A sliding glass door opens to a private patio, while forced-air natural gas heating supports year-round comfort. Garage, open, and driveway parking are included.
The 0.143-acre property is served by public water and public sewer and includes cable availability. Residents of Barrington Ridge have access to a clubhouse, fitness center, and seasonal outdoor pool. The property is near St. Mary's Hospital with access to I-65.
The 0.143-acre property is served by public water and public sewer and includes cable availability. Residents of Barrington Ridge have access to a clubhouse, fitness center, and seasonal outdoor pool. The property is near St. Mary's Hospital with access to I-65.
Key Highlights
- 1,300‑square‑foot paired villa duplex with one‑level living
- Two bedrooms, two bathrooms, laundry room, and open dining area
- Eat‑in kitchen with stainless steel appliances, laminate counters, and gas range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,924
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,480
$258.5K
Cap Rate 7%
$184,629
$184.6K
Cap Rate 9%
$143,600
$143.6K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$19.5K $15.00/SF
− Vacancy
−$1.0K −$0.80/SF
EGI
$18.5K $14.20/SF
− OpEx
−$5.5K −$4.26/SF
NOI
$12.9K $9.94/SF
Area
Lake County, IN
Vacancy
5.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,480
Cap Rate 7%
$184,629
Cap Rate 9%
$143,600
Alternative Uses
Best Use
Multifamily LT 5
$184.6K
$161.6K – $215.4K
NOI $12,924 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$164.3K
$143.8K – $191.7K
NOI $11,501 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$362.9K
$317.6K – $423.4K
NOI $25,404 @ 7.0% cap · market cap 10.33%
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
552
Businesses Nearby
Explore this area
Business Placement
Demographics for 46342, IN
32,540
Population
13,774
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
35.0 sq mi
ZIP Area
930
Density / Sq Mi
$72,163
Median Household Income
$41,574
Median Earnings
$1,110
Median Rent
$193,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One-level duplex residence with a patio, attached garage, community recreation, and HOA-maintained exterior services.
Where is this duplex located?
The property is located at 523 Hidden Oak Drive Hobart, IN.
What is the asking price?
The asking price for this property is $246,000.
What are key features of this property?
This property features: 1,300‑square‑foot paired villa duplex with one‑level living; Two bedrooms, two bathrooms, laundry room, and open dining area; Eat‑in kitchen with stainless steel appliances, laminate counters, and gas range
