Valparaiso, IN 46385 143 N 500 W

143 N 500 W Valparaiso, IN - Image 1
Presented By: Dennis Nichols with Weichert, Realtors-Moke Agency - (219) 662-3000;
  • MLS# 819831
  • 04/29/2025
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  • Beds • 8
  • Baths • 3

Home Details

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 consideredDon'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.
Presented By: Dennis Nichols with Weichert, Realtors-Moke Agency - (219) 662-3000;

Interior Features for 143 N 500 W

Bedrooms

Total Bedrooms8

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area4841
Fireplace Y/NNo
Interior AmenitiesNone

General for 143 N 500 W

AppliancesDryer, Washer, Refrigerator
CityValparaiso
CountyPorter
DirectionsUS 30 to N 500 W - SouthProperty located on east side of street
Full Baths3
Garage Y/NNo
HOANo
HeatingForced Air
Lease Considered Y/NNo
Legal DescriptionPARC 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
LevelsOne
Listing TermsCash, USDA Loan, Owner Assisted, Conventional
Lot Size Square Feet69783
New ConstructionNo
OwnerPaysOther
Pets AllowedNo
Property ConditionFixer
Property SubtypeQuadruplex
Property TypeResidential Income
Rent IncludesSewer, Water
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameNONE
Tax Annual Amount5075
Tax Assessed Value104800
Tax Year2024
Total Rooms15
TownshipUnion
UtilitiesElectricity Connected, Natural Gas Connected
ViewRural
Waterfront Y/NNo
Year Built1995

Exterior for 143 N 500 W

Exterior AmenitiesPrivate Yard
Lot FeaturesBack Yard
Lot Size Acres1.602
Lot Size SourceAssessor
Parking FeaturesDriveway, Off Street
Water SourceWell

Additional Details

Price History

Caylie Barras

Broker
Price $395,000
MLS#819831
List Date 04/29/2025
Property Type Multi-Family
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