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  • $395,000

    143 N 500 W, Valparaiso, IN 46385

    8beds
    --sqft
    : 
    Quadruplex
    Built in 1995
    -- sqft lot
    $365,400 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Rare Investment Opportunity - Multi-Unit Property on 1.6 Acres in Porter CountyDiscover 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 securedFlexibility - Easily convert into a spacious single-family homestead or keep as a lucrative rental investmentLand - Expansive 1.6-acre lot with privacy and room for potential future additions or enhancementsFinancing - 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.
    123 days
    on Zillow
    |
    628
    |
    24
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 29, 2025 at 10:03am

    Listed by:

    Dennis Nichols,

    Weichert, Realtors-Moke Agency 219-662-3000

    Source: NIRA,MLS#: 819831MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 143 N 500 W.

    Next available tour time:Tuesday at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Natural Gas
    Appliances
    • Included: Dryer, Washer, Refrigerator
    Features
    • None
    • Basement: Finished,Walk-Out Access,Interior Entry
    • Has fireplace: No
    Interior area
    • Finished area above ground: 4,841

    Property

    Parking
    • Parking features: Driveway, Off Street
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Exterior features: Private Yard
    • Has view: Yes
    • View description: Rural
    Lot
    • Size: 1.6 Acres
    • Features: Back Yard
    Details
    • Has additional parcels: Yes
    • Parcel number: 640930301002000019

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • Fixer
    • New construction: No
    • Year built: 1995

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Valparaiso

    Financial & listing details

    • Tax assessed value: $104,800
    • Annual tax amount: $5,075
    • Date on market: 4/29/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,USDA Loan,Owner Assisted,Conventional,Contract
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