Single-Family Home with
4054 Reflection Place Valparaiso, IN 46385
4054 Reflection Place, Valparaiso, IN, 46385
$342,836
For Sale
$342,836
SINGLE_FAMILY - Valparaiso, IN
Property Size1,633 SF
Lot Size0.15 Acres
Price / SF$209.94
Days on Market93
Property Features for 4054 Reflection Place
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Great Room, Bedroom 1
- Parking features
- Open, Garage, Driveway
- Window features
- Aluminum Frames
- Patio and Porch features
- Patio
- Interior features
- Entrance Foyer, Walk-In Closet(s), Stone Counters, Recessed Lighting, Pantry, Open Floorplan, Kitchen Island
- Exterior features
- Rain Gutters
- Appliances
- Disposal, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher
- Standard status
- Active
- Size
- 1,633 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lot 15A in Westwind -Phase 2, recorded as document number 2024-019653, in the office of the Recorder of Porter County, IN.
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
Listing Agency
Weichert Realtors - Shoreline
(219) 864-8440
840 E Lincolnway, Schererville, IN
Listed by
David Schara
(219) 671-4669
Added: Apr 17 Checked: Jul 18 at 6:06 am
MLS# 837284
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This nearly completed single-family home offers an open plan with oversized windows providing natural light. The kitchen includes 42-inch cabinetry, an island, pantry storage, and stainless steel appliances, with quartz countertops and a coordinating backsplash. Additional space features a breakfast area with a sunroom and a flex room suited to a variety of living needs. Flooring is LVP throughout the main living areas and ceramic tile in the baths. The primary suite includes a walk-in closet and an en-suite bath with a walk-in shower with a seat and a 60-inch single vanity, while the hall bath serves the second bedroom. A laundry room includes a laundry tub, and there is attic access via a pull-down ladder.
The property includes low-maintenance landscaping with irrigation and a 2-car garage. Outdoor space features an 11-by-10 patio.
The property includes low-maintenance landscaping with irrigation and a 2-car garage. Outdoor space features an 11-by-10 patio.
Key Highlights
- New construction home (Year built 2026) described as almost ready
- Open floorplan with oversized windows, great room, and kitchen with island and pantry
- Kitchen features 42" cabinets, stone counters, and stainless steel appliances including gas range
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $13.80 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $21.3k | $13.01 |
| − OpEx | −$6.4k | −$3.90 |
| NOI | $14.9k | $9.11 |
1,633 SF · lease $13.80/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.5K
$186.0K – $247.9K
NOI $14,876 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 3.78%
Theoretical Best
Healthcare Medical
$618.9K
$541.6K – $722.1K
NOI $43,324 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Single-family residence with LVP and ceramic tile finishes, 2-car garage, and an 11-by-10 patio.
Where is this duplex located?
The property is located at 4054 Reflection Place Valparaiso, IN.
What is the asking price?
The asking price for this property is $342,836.
What are key features of this property?
This property features: New construction home (Year built 2026) described as almost ready; Open floorplan with oversized windows, great room, and kitchen with island and pantry; Kitchen features 42" cabinets, stone counters, and stainless steel appliances including gas range
