Date
Details
Price
Change
Source
4/29/2025
Listed
$395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$395,000
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Property Description
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. 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.
Full Property Details
Full Property Details for 143 N 500 W
General
- Price: $395,000
- Taxes: $5,075 (2024)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 819831
- Updated: 1/15/2026
- Added to Site: 263 day(s) ago
Interior
- Number of Rooms: 15
- Interior Features: None
- Appliances: Dryer, Washer, Refrigerator, Gas Range
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 8
Exterior
- Exterior Features: Private Yard
Parking
- Parking Features: Driveway, Off Street
Location
- County: Porter
- Township: Union
- Subdivision: NONE
- Driving Directions: US 30 to N 500 W - South Property located on east side of street
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Year Built: 1995
Lot Features
- Lot Size (Acres): 1.602
- Lot Size (Sq. Ft.): 69,783
- Lot Features: Back Yard
Financial Considerations
- Tax Amount: $5,075
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: PARC IN W300 S130.25 N410.75 NW SW 30-35-6 .759A; Parc In S130.25 N501 W300 Desc Dr463 P424 Nw Sw 30-35-6 .759A; and Parc In S15.47 N516.47 W300.07SW 30-35-6 .083A Dr420P600&601&Dr423P395
- Property ID: 640930301002000019
Listed by Weichert, Realtors-Moke Agency
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Listing agent
— 143 N 500 W —
Weichert, Realtors-Moke Agency
NMLS#: 1598647
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Schools
Schools serving 143 N 500 W
School District:Union Township School Corporation
| Name | Grades | Distance |
|---|---|---|
Union Township Middle School 599 West 300 North, Valparaiso, IN 46385 | 6-8 | 3.6 mi |
Wheeler High School 587 W 300 N, Valparaiso, IN 46385 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 143 N 500 W
Tax History
Tax History for 143 N 500 W
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,905
8%
$118,900
13%
2023
$1,758
5%
$104,800
8%
2022
$1,676
15%
$97,300
13%
2021
$1,457
2%
$86,000
7%
2020
$1,432
6%
$80,700
8%
2019
$1,346
-4%
$74,600
3%
2018
$1,408
11%
$72,100
3%
2017
$1,266
—
$69,800
1%
2017
$1,266
3%
$69,000
4%
2016
$1,227
-51%
$66,500
—
2015
$2,484
132%
$66,400
-3%
2013
$1,070
—
$68,300
—
2012
$1,070
—
$68,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 143 N 500 W
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- Closed
- Updated 1 day ago
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- 3Total Baths
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Listed by The Chatwell Group Real Estate
Sold by RE/MAX Lifestyles
Sold by RE/MAX Lifestyles
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Sold by Century 21 Circle
Sold by Century 21 Circle
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- 4Total Baths
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Listed by Maureen Stelter
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Sold by Listing Leaders Stately, LLC
- Single Family
- Closed
- 4Beds
- 3Total Baths
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Sold by Better Homes and Gardens Real
Sold by Better Homes and Gardens Real
143 N 500 W, Valparaiso, IN 46385 (MLS# 819831) is a Multi-Family property with units containing 8 bedrooms and 3 full bathrooms. 143 N 500 W is currently listed for $395,000 and was received on April 29, 2025. Want to learn more about 143 N 500 W? Do you have questions about finding other Multi-Family real estate for sale in Valparaiso? You can browse all Valparaiso real estate or contact a Coldwell Banker agent to request more information.