143 N 500 W Valparaiso, IN $ 395,000
143 N 500 W
$ 395,000
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143 N 500 W

Valparaiso, IN, 46385
$ 395,000
Bedrooms8 Baths3.0

Monthly Estimate*

$ 2,464

143 N 500 W, Valparaiso, IN 46385 - Image 1
143 N 500 W, Valparaiso, IN 46385 - Image 2
143 N 500 W, Valparaiso, IN 46385 - Image 3

Multi-Family Home for sale in Valparaiso, IN

for $395,000 with 8 bedrooms and 3 full baths. This home was built in 1995 on a lot size of 1.602.

Rare Investment Opportunity - Multi-Unit Property on 1.6 Acres in Porter County Discover the potential of this unique rural property situated on 1.6 acres in desirable Porter County. Currently configured as a 3-unit income-producing property, it offers a fourth unit partially built out--ready for your finishing touches. Live in one unit while generating income from the others, or lease all four for maximum returns. Gross Annual Income - 38,400 with significant upside when the 4th unit is completed and new leases are secured Flexibility - Easily convert into a spacious single-family homestead or keep as a lucrative rental investment Land - Expansive 1.6-acre lot with privacy and room for potential future additions or enhancements Financing - Owner financing may be considered with minimum of 20 100ths down. Don't miss this rare chance to own a versatile, income-generating property in a peaceful rural setting with plenty of upside. Call to schedule walk-through today.

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Multi-Family Active

Price

$ 395,000

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,075

Style

Quadruplex

Lot Size

1.602

Year Built

1995

Town/City

Valparaiso

County/Region

Porter

MLS | Web ID

819831

Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 4841
Total Bedrooms 8
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General
Sewer Septic Tank
Heating Forced Air Natural Gas
Utilities Electricity Connected Natural Gas Connected
Appliances Dryer Washer Refrigerator Gas Range
Pets Allowed No
Year Built 1995
View Rural
Township Union
Levels One
Property Subtype Quadruplex
Tax Year 2024
County Porter
New Construction N
Property Type Residential Income
HOA N
Subdivision Name NONE
Garage Y/N N
Rent Includes Sewer Water
Total Rooms 15
Full Baths 3
Status Active
Directions US 30 to N 500 W - South Property located on east side of street
City Valparaiso
Lot Size Square Feet 69783
Listing Terms Cash USDA Loan Owner Assisted Conventional Contract
Tax Annual Amount 5075
Property Condition Fixer
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 104800
Legal Description PARC IN W300 S130.25 N410.75 NW SW 30-35-6 .759A; Parc In S130.25 N501 W300 Desc Dr463 P424 Nw Sw 30-35-6 .759A; and Parc In S15.47 N516.47 W300.07SW 30-35-6 .083A Dr420P600&601&Dr423P395
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Exterior
Exterior Amenities Private Yard
Parking Features Driveway Off Street
Lot Features Back Yard
Water Source Well
Lot Size Acres 1.602
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Dennis Nichols

Listing Agent

Crown Point -Weichert, Realtors® - The Moke Agency

Broker

Affordability Calculator

$2,887
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,464
Monthly Property Taxes
$423
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2025$395,000 Listed Price

Map


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143 N 500 W, Valparaiso, IN, 46385 is a Multi-Family Home for sale at $395,000 with a lot size of 1.602. 143 N 500 W has 8 bedrooms, 3.0 baths, and was built in 1995. The property's zip code is 46385 which is in Valparaiso, IN