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    143 N 500 W Valparaiso, IN 46385

    For Sale
    $395,000

    Quadruplex - Valparaiso, IN

    Type:Quadruplex
    Lot size:
    1.60 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for 143 N 500 W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    3
    APN
    640930301002000019
    Parking features
    Driveway, Off Street
    Pets allowed
    No
    Exterior features
    Private Yard
    Basement Y/N
    1
    Appliances
    Dryer, Range, Range - Gas, Refrigerator
    Lot size
    1.60 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1995
    Floors in Building
    1
    Architectural style
    Other

    Moke Realty, Inc. (219) 662-3000 [email protected]

    Listing agent Dennis Nichols (219) 662-3000 License #RB20001421

    Listing date Oct 27, 2025

    MLS# 819831 Listing URL

    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.

    Overview

    Income-Generating Quadruplex on 1.6 Acres

    This multi-unit property, situated on 1.6 acres in Porter County, presents a unique investment opportunity. Currently configured as a 3-unit income-producing property, it includes a partially built-out fourth unit ready for completion. The property offers the flexibility to live in one unit while generating income from the others, or lease all four for maximum returns. The gross annual income is $38,400, with potential for increased income upon completion of the fourth unit and securing new leases. The expansive lot offers privacy and room for potential future additions or enhancements. The property can also be converted into a spacious single-family homestead or maintained as a rental investment. Owner financing may be considered with a minimum of 20 100ths down. This versatile, income-generating property is located in a peaceful rural setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply HVAC Service Bar & Pub Electrical Service Carpet & Flooring Store Laundry Service Dry Cleaner

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.161796
    Latitude
    41.455218

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    FAQs

    What type of property is this?
    Quadplex - Multi-unit property with income potential on a spacious 1.6-acre lot.
    Where is this quadplex located?
    The property is located at 143 N 500 W Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Income-producing multi-unit property with existing rental income ($38,400 annually).; - Large 1.6-acre lot offering privacy and potential for expansion or additions.; - Fourth unit partially built out, presenting an opportunity to increase income or customize.
    (219) 662-3000
    Request Owner's contact information
    143 N 500 W Valparaiso, IN 46385
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    Valparaiso, IN 46385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    143 N 500 W Valparaiso, IN 46385
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