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143 N 500 W
Valparaiso IN 46385 US

$395,000

Active Listing ID 819831
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8 bed
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3.00 Bath (3 Full)
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Lot: 1.60 Acres
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Quadruplex

$395,000

Active Listing ID 819831
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143 N 500 W 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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Property Features

  • Facts
  • Lot Size: 1.60 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Full Bathrooms: 3
  • Exterior Finish: Private Yard
  • Heating Fuels: Forced Air, Natural Gas

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 395000
  • unparsedaddress: 143 N 500 W
  • postalcity: Valparaiso
  • stateorprovince: IN
  • country: US
  • postalcode: 46385
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.602
  • lotsizeunits: Acres
  • lotsizearea: 1.602
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.455218
  • longitude: -87.161796
  • listagentfullname: Dennis Nichols
  • listagentemail: dennis.nichols2020@gmail.com
  • listagentkey: 3yd-GNIARIN-16439
  • listagentmlsid: 16439
  • listagentpreferredphone: 2192572800
  • listagentofficephone: 2196623000
  • listofficekey: 3yd-GNIARIN-769
  • listagentstatelicense: RB20001421
  • listofficemlsid: 769
  • disclaimer: Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GNIARIN
  • yearbuilt: 1995
  • listingcontractdate: 2025-04-29
  • listagenturl: http://www.MokeRealty.com
  • countyorparish: Porter
  • parcelnumber: 640930301002000019
  • appliances: Dryer, Range, Range - Gas, Refrigerator
  • heating: Forced Air, Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Driveway, Off Street
  • waterfrontyn: False
  • exteriorfeatures: Private Yard
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.1618, 41.45522
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Moke Realty, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"dennis.nichols2020@gmail.com", "ListBrokerageCity":"Crown Point", "ListBrokerageCountry":"US", "ListBrokerageEmail":"reo@mokerealty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Moke Realty, Inc.", "ListBrokeragePhone":"(219) 662-3000", "ListBrokeragePostalCode":"46307", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"617 N Main St", "ListBrokerageWebsiteUrl":"http://www.MokeRealty.com", "ListOfficeAddress1":"617 N. Main St", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"6016", "ListOfficeCity":"Crown Point", "ListOfficeCountry":"US", "ListOfficeEmail":"mokerealty@gmail.com", "ListOfficePostalCode":"46307", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"Quadruplex - Valparaiso, IN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/143-N-500-W_Valparaiso_IN_46385_M34937-67384?f=listhub&s=GNIARIN&m=819831&c=rexren", "MLSModificationTimestamp":"2025-10-27T12:00:14Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Quadruplex", "RawPropertyType":"Residential Income", "RoomCount":15, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5075, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/28/2025 12:33:34 PM GMT
Source Updated Date: 12/6/2025 6:41:39 AM GMT

Courtesy of: Dennis Nichols, Weichert, Realtors-Moke Agency, dennis.nichols2020@gmail.com

Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.