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373 S State Road 49, Valparaiso, IN, 46383

4beds
2baths
--sqft
$339,900
--price/sqft
$2,325/moest. monthly cost
$93,000/yrincome needed

About This Home

Outstanding investment opportunity located south of Valparaiso, Indiana. Conveniently located on Highway 49 just 12.5 miles from recently approved data center project in Jasper County, Indiana. Duplex features two separate units with two bedrooms, one bathroom, and a one car garage in each unit. Unit A recently renovated with modern updates. Unit B under renovation to maximize future income potential. Appliances included with both units. Spacious .75 acre lot with fenced in back yard. Separate utilities for each unit paid by tenants. Excellent long-term rental potential. Live in one side while receiving income from the other side or rent both units to maximize your earnings!

Getting Around

7
WalkingCar-Dependent
0
TransitNo Nearby Transit
28
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1980

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Water Softener Owned,Refrigerator,Microwave

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • None
  • Finished area above ground: 1,600

Heating

  • Heating features: Baseboard

Property

Details

  • Parcel number: 641320301006000008
  • Special condition: Standard

Features

  • Levels: One

Lot

  • Lot size: 0.75 Acres
  • Features: Paved

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,718$20,616
Home Insurance *$164$1,968
Property Taxes $259$3,108
Electricity $184$2,212
Total$2,325$27,900
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,714/yr
40% on housing$69,750/yr
45% on housing$62,000/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.0%
10.0%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.9%
3.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 46383$153
Porter County$165

vs Homes Sold Last Month

Median $/sqft

ZIP 46383$168
Porter County$169

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-13Listed for sale$339,900
2026-05-06Pending sale$339,900
2026-04-15Listed for sale$339,900
2021-11-24Sold$235,000
2021-10-08Listed for sale$235,000

For Sale by Agent

AgentJoseph Wootan
BrokerageListwithfreedom.com Inc

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