$395,000

143 N 500 W Valparaiso, IN 46385

Porter County Neighborhood

Estimated payment $2,558/month

Total Views 14,434
8 Beds
3 Baths
4,841 Sq Ft
$82 Price per Sq Ft

Highlights

  • 1.6 Acre Lot
  • Rural View
  • 1-Story Property
  • Union Township Middle School Rated A-
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

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.

Listing Agent

Dennis Nichols

Weichert, Realtors-Moke Agency License #RB20001421 Listed on: 04/29/2025

Weichert, Realtors-Moke Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,075

Year Built

  • Built in 1995

Lot Details

  • 1.6 Acre Lot
  • Additional Parcels

Parking

  • Off-Street Parking

Home Design

  • Fixer Upper

Interior Spaces

  • 1-Story Property
  • Rural Views
  • Gas Range
  • Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Assessor Parcel Number 640930301002000019

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,075

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1995
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Back Yard
  • Reso View: Rural
  • Co List Office Mls Id: NRA769
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 4841
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Reso Property Condition: Fixer
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Washer, Refrigerator, Gas Range
  • Interior Amenities: None
  • Basement: Finished, Walk-Out Access, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 972

Exterior Features

  • Exterior Features: Private Yard
  • Acres: 1.602
  • Waterfront: No

Garage/Parking

  • Parking Features: Driveway, Off Street

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Natural Gas Connected
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Well

Condo/Co-op/Association

  • HOA Rent Includes: Sewer, Water
  • Association: No

Lot Info

  • Lot Size Sq Ft: 69783
  • Additional Parcels: Yes
  • Parcel #: 640930301002000019

Rental Info

  • Pets Allowed: No
  • Tenant Pays: Other
  • Owner Pays: Other

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5075

Multi Family

  • Number Of Units Total: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,514 $118,900 $35,200 $83,700
2023 $1,596 $104,800 $30,600 $74,200
2022 $1,456 $97,300 $30,600 $66,700
2021 $1,457 $86,000 $30,600 $55,400
2020 $1,432 $80,700 $26,800 $53,900
2019 $1,346 $74,600 $26,800 $47,800
2018 $1,408 $72,100 $26,800 $45,300
2017 $1,267 $69,800 $26,800 $43,000
2016 $1,227 $69,000 $27,400 $41,600
2014 $1,159 $66,400 $25,600 $40,800
2013 -- $70,400 $28,300 $42,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 For Sale $395,000 -- $82 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Northwest Indiana Association of REALTORS®

MLS Number: 819831

Northwest Indiana Association of REALTORS®

APN: 64-09-30-301-002.000-019

Indiana Porter County Valparaiso 46385 Porter County

143 N 500 W, Valparaiso, IN

This home is located at 143 N 500 W, Valparaiso, IN 46385 and is currently priced at $395,000, approximately $81 per square foot. This property was built in 1995. 143 N 500 W is a home with nearby schools including Union Township Middle School and Wheeler High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Dennis Nichols
Listing Agent
Dennis Nichols
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Weichert, Realtors-Moke Agency
(219) 336-1977