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143 N 500 W, 
Valparaiso, IN 46385

$395,000

8

Beds

3

Baths

-

Sq Ft

Multi-Family

Active

Listed by

Dennis Nichols

Weichert, Realtors-Moke Agency

219-662-3000

Last updated:

January 3, 2026, 03:26 PM

MLS#

819831

Source:

Northwest Indiana AOR as distributed by MLS GRID

About This Home

143 N 500 W

Rare Investment Opportunity - Multi-Unit Property on 1.6 Acres in Porter County Discover the potential of this unique rural property situated on 1.6 acres in desirable Porter County. Currently configured as a 3-unit income-producing property, it offers a fourth unit partially built out--ready for your finishing touches. Live in one unit while generating income from the others, or lease all four for maximum returns. Gross Annual Income - 38,400 with significant upside when the 4th unit is completed and new leases are secured Flexibility - Easily convert into a spacious single-family homestead or keep as a lucrative rental investment Land - Expansive 1.6-acre lot with privacy and room for potential future additions or enhancements Financing - Owner financing may be considered with minimum of 20 100ths down. Don't miss this rare chance to own a versatile, income-generating property in a peaceful rural setting with plenty of upside. Call to schedule walk-through today.

Home Facts

Multi-Family

3 Baths

8 Bedrooms

Built in 1995

Price Summary

395,000

MLS #:

819831

Last Updated:

January 3, 2026, 03:26 PM

Added:

8 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Structure

Structure

Year Built:

1995

Lot

Lot Size (Sq. Ft):

69,783

Finances & Disclosures

Finances

Price:

$395,000

Source:Northwest Indiana AOR as distributed by MLS GRID
Based on information submitted to the MLS GRID as of January 3, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.