143 N 500 W, Valparaiso, IN 46385

Valparaiso
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: dennis nichols
Office: weichert, realtors-moke agency
MLS#:819831
Source:Northwest Indiana AOR as distributed by MLS GRID
143 N 500 W,Valparaiso, IN 46385
$395,000
  • 8 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$395,000

About this home

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. 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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Home facts

  • Year built:1995
  • Listing ID #:819831
  • Added:305 day(s) ago
  • Updated:March 01, 2026 at 03:36 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:15
  • Kitchen Description:Gas Range, Refrigerator
  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1995
  • Lot area:1.6 Acres
  • Exterior Features:Private Yard

Utilities

  • Water:Well

Finances and disclosures

  • Price:$395,000
  • Tax amount:$5,075 (2024)

Features and amenities

  • Laundry features:Dryer, Washer
Based on information submitted to the MLS GRID as of March 1, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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