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    Hobart, IN
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    Hobart, IN Multifamily Properties for Sale

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    Lake Station, IN Portage, IN Crown Point, IN Valparaiso, IN
    6 properties
    Low-Maintenance Paired Villa Duplex
    Updated: Sep 11, 2025
    Low-Maintenance Paired Villa Duplex

    523 Hidden Oak Drive, Hobart, IN 46342

    $246,000
    1,300 sqft 0.14 AC lot
    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
    Private patio, attached garage, open parking, and driveway
    HOA handles lawn care, irrigation, and snow removal
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    Duplex with Garage
    Updated: Aug 13
    Duplex with Garage

    1596 W 56th Place, Hobart, IN 46342

    Contact for pricing
    1,537 sqft 0.12 AC lot
    Duplex configuration with 1,537 square feet
    Three bedrooms, two bathrooms, dining room, laundry room, and bonus room
    Built in 2010
    Natural gas and forced‑air heating
    Garage and driveway parking
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    7-Unit Downtown Mixed-Use Property
    7-Unit Downtown Mixed-Use Property

    220 Main St, Hobart, IN 46342

    $800,000
    10,332 sqft

    Renovated building combines four apartments with three retail storefronts.

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    See what stands out in Lake County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Hampshire Park Apartment Community
    Hampshire Park Apartment Community

    400 N Lake Park Ave, Hobart, IN 46342

    Contact for pricing
    226,188 sqft

    Garden-style multifamily property with one- and two-bedroom homes and a renovated pool amenity.

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    Multifamily Property
    Multifamily Property

    1596 W 56th Place, Hobart, IN 46342

    Contact for pricing
    1,537 sqft

    Built in 2010, this multifamily asset offers an established residential income property profile.

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    Lakefront Mixed-Use Building
    Lakefront Mixed-Use Building

    603 S Wisconsin St, Hobart, IN 46342

    Contact for pricing

    Two-story property combines commercial space, two apartments, recreational equipment, six piers, and on-site parking.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 44 Potential Opportunities for your consideration. Besides 6 Active listings in Hobart, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 32 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Leased Spaces
    Mixed-Use Property with Leased Spaces

    2800 Dekalb Street, Lake Station, IN 46405

    $550,000
    1,005 sqft 0.16 AC lot

    Two-level configuration combines four occupied commercial spaces with three leased residential units.

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    Leased Mixed-Use Property
    Leased Mixed-Use Property

    2800 Dekalb St, Lake Station, IN 46405

    $550,000
    1,005 sqft

    Two-level property combines leased commercial occupancy with residential units in Lake Station.

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    Single-Level Duplex Unit
    Single-Level Duplex Unit

    3446 E 69th Avenue, Merrillville, IN 46410

    $239,900
    1,440 sqft 0.34 AC lot

    One-level half-duplex residence with an attached garage, private outdoor area, and updated kitchen appliances.

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    Updated Duplex with Attached Garages
    Updated Duplex with Attached Garages

    5512 Washington Street, Merrillville, IN 46410

    $325,000
    0.23 AC lot

    Two leased units feature refreshed interiors, attached garages, and tenant-paid utilities.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

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    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

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    Off-Market Properties in Hobart, IN

    Consider similar Off-Market properties in Hobart, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    504 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    504 Washington St, Hobart, IN 46342-2100

    $220,000
    Estimated value
    4,816 sqft 0.29 AC lot
    View details
    207 37th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    207 37th Ave, Hobart, IN 46342-1165

    $270,000
    Estimated value
    4,160 sqft 0.23 AC lot
    View details
    325 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    325 Main St, Hobart, IN 46342-4441

    $260,000
    Estimated value
    4,890 sqft 0.05 AC lot
    View details
    905 37th Ave
    MOBILE HOME PARK, TRAILER PARK

    905 37th Ave, Hobart, IN 46342-2073

    $300,000
    Estimated value
    3.61 AC lot
    View details
    716 Lk Shr Dr, Unit 720
    APARTMENT HOUSE (UNDER 5 UNITS)

    716 Lk Shr Dr, Hobart, IN 46342-5020

    Unit 720
    $255,000
    Estimated value
    3,060 sqft 0.24 AC lot
    View details
    220 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    220 Main St, Hobart, IN 46342-4449

    $295,000
    Estimated value
    10,488 sqft 0.23 AC lot
    View details
    504 Washington St, Unit 4
    APARTMENT HOUSE (UNDER 5 UNITS)

    504 Washington St, Hobart, IN 46342-2168

    Unit 4
    $255,000
    Estimated value
    4,816 sqft 0.29 AC lot
    View details
    120 Lawrence St
    APARTMENT HOUSE (UNDER 5 UNITS)

    120 Lawrence St, Hobart, IN 46342-3376

    $355,000
    Estimated value
    4,096 sqft 0.30 AC lot
    View details
    531 Kelly St
    APARTMENT HOUSE (UNDER 5 UNITS)

    531 Kelly St, Hobart, IN 46342-2476

    $260,000
    Estimated value
    2,944 sqft 0.26 AC lot
    View details
    125 Lawrence St
    APARTMENT HOUSE (UNDER 5 UNITS)

    125 Lawrence St, Hobart, IN 46342-3370

    $275,000
    Estimated value
    4,096 sqft 0.34 AC lot
    View details
    124 Hobart Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    124 Hobart Rd, Hobart, IN 46342-3374

    $265,000
    Estimated value
    4,096 sqft 0.26 AC lot
    View details
    130 Hobart Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    130 Hobart Rd, Hobart, IN 46342-3372

    $265,000
    Estimated value
    4,096 sqft 0.26 AC lot
    View details
    615 37th Ave
    MOBILE HOME PARK, TRAILER PARK

    615 37th Ave, Hobart, IN 46342-2278

    $335,000
    Estimated value
    11.30 AC lot
    View details
    333 3rd St
    APARTMENT HOUSE (UNDER 5 UNITS)

    333 3rd St, Hobart, IN 46342-4231

    $310,000
    Estimated value
    6,416 sqft 0.53 AC lot
    View details
    656 Hobart Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    656 Hobart Rd, Hobart, IN 46342-2478

    $265,000
    Estimated value
    4,096 sqft 0.28 AC lot
    View details
    662 Hobart Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    662 Hobart Rd, Hobart, IN 46342-2459

    $260,000
    Estimated value
    4,096 sqft 0.37 AC lot
    View details
    611 3rd St
    APARTMENT HOUSE (UNDER 5 UNITS)

    611 3rd St, Hobart, IN 46342-4419

    $285,000
    Estimated value
    10,352 sqft 0.18 AC lot
    View details
    338 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    338 Main St, Hobart, IN 46342-4442

    $250,000
    Estimated value
    3,171 sqft 0.04 AC lot
    View details

    Hobart, IN Multifamily Properties Market Trends and Statistics

    Explore 38 multifamily properties for sale in Hobart, IN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 240,894 square feet of properties for sale, with an estimated market value of $1,046,000.

    Sale prices for multifamily properties in Hobart, IN start at $246,000, averaging $523,000, and reaching up to $800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Apartment buildings 1

    Demographics Overview

    Population 33K
    Population Growth (5Y) +6.2%
    Median Household Income $72,163
    College Educated 27.1%

    High-Yield Neighborhoods for Investment

    Identify Hobart submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46342 $439.3K

    Taxes & Financing

    Tax Rate (average for all types) 3.17%
    Property Tax per SF $56.09 per SF
    Tax Rate vs County Average 0.10 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lake County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Hobart fall within the 10,000 to 25,000 square foot range.

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