New-Construction Duplex
For Sale
$342,836
Pending
4054 Reflection Place, Valparaiso, IN 46385
Residential, Valparaiso, IN
Property Size1,633 SF
Lot Size0.15 Acres
Days on Market184
Property Features for 4054 Reflection Place
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Great Room, Bathroom 2
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
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
Pending
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.
HOA Fee
$175 Monthly
Legal 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
Amenities
sunroom
patio
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: Apr 17
Changed: Oct 16
Last Checked: Oct 17 at 12:06AM
MLS# 837284
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This under-construction duplex property is planned with a bright main living area, an open kitchen, a breakfast area, a sunroom, and a flexible room suited to office, den, or hobby use. The kitchen includes 42-inch cabinets, a pantry, island, quartz countertops, backsplash, and stainless steel appliances. The residence also features two bedrooms, two bathrooms, a walk-in primary closet, a walk-in shower with seat, and a 60-inch vanity in the primary bath.
Interior finishes include LVP flooring through the main living spaces and ceramic tile in the bathrooms. Additional improvements include a laundry tub, attic access with pull-down ladder, a two-car garage, an 11-foot by 10-foot patio, and low-maintenance landscaping with irrigation. Public water and public sewer serve the property, with cable available. Construction is scheduled for 2026.
Interior finishes include LVP flooring through the main living spaces and ceramic tile in the bathrooms. Additional improvements include a laundry tub, attic access with pull-down ladder, a two-car garage, an 11-foot by 10-foot patio, and low-maintenance landscaping with irrigation. Public water and public sewer serve the property, with cable available. Construction is scheduled for 2026.
Key Highlights
- Under construction with a 2026 build year
- 1,633 square feet on a 0.148‑acre lot
- Two bedrooms and two bathrooms
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
Lease Details
1
Residential units
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 - Under-construction residential property with two bedrooms, flexible living space, and a two-car garage.
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: Under construction with a 2026 build year; 1,633 square feet on a 0.148‑acre lot; Two bedrooms and two bathrooms
