Paired Villa Home with Pond
4165 Reflection Place Valparaiso, IN 46385
4165 Reflection Place, Valparaiso, IN, 46385
$339,000
For Sale
$339,000
SINGLE_FAMILY - Valparaiso, IN
Property Size1,662 SF
Lot Size0.13 Acres
Price / SF$203.97
Days on Market17
Property Features for 4165 Reflection Place
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Laundry Room, Bathroom 2, Kitchen, Bathroom 1
- Parking features
- Driveway, Open, Garage
- Patio and Porch features
- Patio
- Interior features
- Granite Counters, Walk-In Closet(s), Recessed Lighting, Open Floorplan, Kitchen Island
- Fireplace
- 1
- Appliances
- Dryer, Washer, Refrigerator, Range, Dishwasher
- Standard status
- Active
- APN
- 640909402019000004
- Size
- 1,662 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WESTWIND PH 1 LOT 32B .129A
- Tax Annual Amount
- 1234
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
- Water front features
- Pond
- Water front
- 1
Building Details
- Year built
- 2024
- Floors in Building
- 1
Listing Agency
Blackrock Real Estate Services
(219) 262-0086
179 South Calumet, portage, IN
Listed by
Elizabeth Garcia
(219) 252-2996
Added: Jul 2 Checked: Jul 18 at 3:06 am
MLS# 841603
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 paired villa home offers a move-in-ready layout with freshly painted interiors and a well-maintained feel throughout. Enjoy outdoor living from the covered patio, where pond views extend just beyond the back door. The home’s design supports low-maintenance living, with a scenic walking path located steps away for easy outdoor access.
Located in Valparaiso, Indiana, within Porter County, the property sits on a small lot and is sized at 1,662 square feet.
If you’re looking for a paired villa with direct pond views and convenient outdoor access nearby, this home presents a turnkey option without the need to wait for construction.
Located in Valparaiso, Indiana, within Porter County, the property sits on a small lot and is sized at 1,662 square feet.
If you’re looking for a paired villa with direct pond views and convenient outdoor access nearby, this home presents a turnkey option without the need to wait for construction.
Key Highlights
- 2024‑built paired villa home with pond views beyond the back door
- Fresh interior paint and move‑in ready condition
- Covered patio overlooking the pond and a nearby scenic walking path
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 | $22.9k | $13.80 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $21.6k | $13.01 |
| − OpEx | −$6.5k | −$3.90 |
| NOI | $15.1k | $9.11 |
1,662 SF · lease $13.80/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$216.3K
$189.3K – $252.3K
NOI $15,140 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$188.5K
$165.0K – $220.0K
NOI $13,198 @ 7.0% cap · market cap 3.89%
Theoretical Best
Healthcare Medical
$629.9K
$551.2K – $734.9K
NOI $44,094 @ 7.0% cap · market cap 13.01%
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 - Move-in-ready paired villa features freshly painted interiors and a covered patio overlooking a pond.
Where is this duplex located?
The property is located at 4165 Reflection Place Valparaiso, IN.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 2024‑built paired villa home with pond views beyond the back door; Fresh interior paint and move‑in ready condition; Covered patio overlooking the pond and a nearby scenic walking path
