Under-Construction Duplex with
For Sale
$342,802
3961 Reflection Place, Valparaiso, IN 46385
Residential, Valparaiso, IN
Property Size1,633 SF
Lot Size0.15 Acres
Price / SF$209.92
Days on Market101
Property Features for 3961 Reflection Place
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Great Room, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
Garage, Open, 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, Range, Microwave, Gas Water Heater, Gas Range, Dishwasher
Subdivision
Westwind
Lot features
Back Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Front Yard
Elementary school
Memorial Elementary School
Middle school
Benjamin Franklin Middle School
High school
Valparaiso High School
Elementary school district
Valparaiso
Middle school district
Valparaiso
High school district
Valparaiso
Directions
Take Rt. 30 East to 250W, make a left on 250W and follow through the Rt. 130 intersection. Westwind will be on the right.
Standard status
Active
Size
1,633 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lots 23A and 23B in Westwind -Phase 2, recorded as document number 2024-019653, in the office of the Recorder of Porter County, IN.
HOA Fee
$175 Monthly
Legal Description
Lots 23A and 23B 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
Natural Gas
Water source
Public
Amenities
sunroom
flex room
walk-in closet
walk-in shower
patio
irrigation
Building Details
Year built
2026
Floors in Building
1
Listing Agency:
Weichert Realtors - Shoreline
(219) 864-8440
Listed By:
David Schara
(219) 671-4669
Added: Jul 9
Changed: Sep 16
Last Checked: Oct 17 at 1:06AM
MLS# 841994
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.
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Investment Insights
Based on property information with market context.
This under-construction duplex in Valparaiso offers 1,633 square feet on a 0.146-acre lot, with completion identified for 2026. The interior plan includes two bedrooms, two bathrooms, a great room, breakfast area, sunroom, and flex room suited to an office, den, or hobby space. The kitchen includes a quartz countertop, island, pantry, 42-inch cabinets, backsplash, and stainless steel appliances. Additional features include LVP flooring in the main living areas, ceramic tile in the bathrooms, a walk-in primary closet, a walk-in shower with seat, and a laundry tub.
The property includes a two-car garage, driveway, patio, low-maintenance landscaping with irrigation, rain gutters, attic access with a pull-down ladder, public water, public sewer, and natural-gas heating. It is located at 3961 Reflection Place in Valparaiso, Porter County, Indiana, within ZIP Code 46385.
The property includes a two-car garage, driveway, patio, low-maintenance landscaping with irrigation, rain gutters, attic access with a pull-down ladder, public water, public sewer, and natural-gas heating. It is located at 3961 Reflection Place in Valparaiso, Porter County, Indiana, within ZIP Code 46385.
Key Highlights
- 1,633 SF property on a 0.146‑acre lot
- Under construction with 2026 year built
- Two bedrooms and two bathrooms with a sunroom and flex room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,876
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,520
$297.5K
Cap Rate 7%
$212,514
$212.5K
Cap Rate 9%
$165,289
$165.3K
Market Conditions
NOI Build-Up for 1,633 SF
Gross rent
$22.5K $13.80/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$21.3K $13.01/SF
− OpEx
−$6.4K −$3.90/SF
NOI
$14.9K $9.11/SF
Area
Porter County, IN
Vacancy
5.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,520
Cap Rate 7%
$212,514
Cap Rate 9%
$165,289
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 46385, IN
41,832
Population
16,071
Households
2.6
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
80.7 sq mi
ZIP Area
518
Density / Sq Mi
$97,208
Median Household Income
$50,582
Median Earnings
$1,225
Median Rent
$305,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom layout with a sunroom, flexible room, public utilities, and a two-car garage.
Where is this duplex located?
The property is located at 3961 Reflection Place Valparaiso, IN.
What is the asking price?
The asking price for this property is $342,802.
What are key features of this property?
This property features: 1,633 SF property on a 0.146‑acre lot; Under construction with 2026 year built; Two bedrooms and two bathrooms with a sunroom and flex room
