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    Hobart, IN
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    Hobart, IN Residential Income Properties for Sale

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    Single-Level Duplex with Patio
    Updated: Sep 11, 2025
    Single-Level Duplex with Patio

    523 Hidden Oak Drive, Hobart, IN 46342

    $248,000
    1,300 sqft 0.14 AC lot
    1,300 square feet of one‑level living with two bedrooms and two bathrooms
    0.143‑acre lot with private patio, garage, driveway, and open parking
    Kitchen includes stainless steel appliances, gas range, dishwasher, and laminate counters
    Primary bedroom features a walk‑in closet and attached 3/4 bath
    HOA handles lawn care, irrigation, and snow removal
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    Duplex Property with Garage
    Updated: Aug 13
    Duplex Property with Garage

    1596 W 56th Place, Hobart, IN 46342

    Contact for pricing
    1,537 sqft 0.12 AC lot
    1,537‑square‑foot duplex property built in 2010
    Three bedrooms and two bathrooms
    Bonus room, dining room, and laundry room
    0.118‑acre lot at 1596 W 56th Place, Hobart, IN 46342
    Driveway and garage parking
    View details
    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    Mobile Home Park with 13 Homes
    Mobile Home Park with 13 Homes

    7741 E Ridge Rd, Hobart, IN 46342

    Contact for pricing
    4.50 AC lot

    Mobile home park for sale on Ridge Road with 13 mobile homes plus a separate house and garage.

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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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    Based on your search, we've compiled 48 Potential Opportunities for your consideration. Besides 7 Active listings in Hobart, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 33 Off-Market properties to explore as potential leads, plus 4 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.

    Residential Land in Quiet Neighborhood
    Residential Land in Quiet Neighborhood

    2600 Bl. W 38th Avenue, Hobart, IN 46342

    Contact for pricing
    0.31 AC lot

    Large lot suitable for modular or manufactured home.

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    Vacant Lot in Hobart, IN
    Vacant Lot in Hobart, IN

    7007 Lincolnway Street, Hobart, IN 46342

    $35,000
    0.34 AC lot

    Vacant lot in Hobart, ideal for building or investment.

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    Agricultural Land Along Trail
    Agricultural Land Along Trail

    Lute Road, Portage, IN 46368

    $280,000
    13.32 AC lot

    R2-zoned acreage with public water and sewer availability.

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    Valparaiso Land Development Opportunity
    Valparaiso Land Development Opportunity

    672 Coventry Court, Valparaiso, IN 46385

    $485,000
    23.00 AC lot

    23 acres with utilities, ready for development in Valparaiso.

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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

    Hobart, IN Residential Income Properties Market Trends and Statistics

    Explore 40 residential income properties for sale in Hobart, IN, showcased through 7 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 $1,048,000.

    Sale prices for residential income properties in Hobart, IN start at $248,000, averaging $524,000, 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

    Multifamily properties 8
    Duplexes 3
    Apartment buildings 1
    Mobile home & RV parks 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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