For Sale
House for sale at 502 Monroe/ 251 Locust, Valparaiso, IN 46383 | MLS# 831022 | Listing updated on 2026-09-18
Photo 1 of House for sale at 502 Monroe/ 251 Locust, Valparaiso, IN 46383 | MLS# 831022 | Listing updated on 2026-09-18
Photo 2 of House for sale at 502 Monroe/ 251 Locust, Valparaiso, IN 46383 | MLS# 831022 | Listing updated on 2026-09-18
Photo 3 of House for sale at 502 Monroe/ 251 Locust, Valparaiso, IN 46383 | MLS# 831022 | Listing updated on 2026-09-18
Photo 4 of House for sale at 502 Monroe/ 251 Locust, Valparaiso, IN 46383 | MLS# 831022 | Listing updated on 2026-09-18
114+
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Street View

$484,993

Monthly Est:$2,414

  • Beds Icon6 Beds
  • Beds Icon
    5 Baths
  • Beds Icon--sqft

502 Monroe/ 251 Locust, Valparaiso, IN 46383

$2,414/moEst:

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  • Apartment

  • Built in 1880

  • $-- HOA

  • 8,712 sqft lot

  • --/sqft

Description

Excellent Investment Opportunity in Valparaiso! Don't miss this great chance to own a 5-unit income property in the heart of Valparaiso! This solid two-story brick building offers classic curb appeal, reliable rental potential, and long-term value. The property features five separate units, providing steady income and flexibility for investors or owner-occupants. Each unit is well-maintained with functional layouts, and tenants enjoy convenient on-site parking plus a two-car garage for added storage or rental potential. Located close to downtown Valparaiso, shopping, restaurants, schools, and major highways, this property offers excellent accessibility and strong rental ...

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  • Houzeo last checked: 18 minutes ago
  • Listing updated: September 18, 2026 at 6:34 pm
  • Listing Provided by: Steve Likas (219) 313-3785 , Franziska Acke | McColly Real Estate (219) 663-3835
  • Source: Northwest Indiana REALTORS® Association MLS-IN | MLS#: 831022 Northwest Indiana REALTORS® Association MLS-IN

Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Porter County

  • City

    Valparaiso

  • Neighborhood

    --

  • Year Built

    1880

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    8,712 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Northwest Indiana REALTORS® Association MLS

  • MLS Number

    831022

  • MLS Status

    Active

  • Days on Market

    308

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Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 6

    Bathrooms: 5

Interior

  • Exterior Features

    None

  • Sewer

    Public Sewer

  • Heating

    Baseboard, Natural Gas, Hot Water

  • Interior Features

    Other

  • Appliances

    Range, Refrigerator

Utilities & Energy

  • Parking Features

    Driveway, On Street

  • Utilities

    Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

  • Water Source

    Public

  • Basement

    Unfinished

  • Security Features

    Smoke Detector(s)

Other Features

  • Patio And Porch Features

    Front Porch

  • Lot Features

    Corner Lot

  • Subdivision Name

    Center 004 Banta's Add, Os, Powells & Etc0

Price History

DateEventPrice

09/18/2026

Source: mls_logoNorthwest Indiana REALTORS® Association MLS-IN #NRA831022

Price Change

$484,993

$0/sqft

09/08/2026

Source: mls_logoNorthwest Indiana REALTORS® Association MLS-IN #NRA831022

Price Change

$484,994

$0/sqft

09/01/2026

Source: mls_logoNorthwest Indiana REALTORS® Association MLS-IN #NRA831022

Price Change

$484,995

$0/sqft

08/18/2026

Source: mls_logoNorthwest Indiana REALTORS® Association MLS-IN #NRA831022

Price Change

$484,996

$0/sqft

08/12/2026

Source: mls_logoNorthwest Indiana REALTORS® Association MLS-IN #NRA831022

Price Change

$484,997

$0/sqft

Show more

Based on information provided by the Northwest Indiana REALTORS® Association, Inc. Multiple Listing Service through Sep 22, 2026, 06:15AM as submitted to and distributed by MLS GRID. Information Deemed Reliable But Not Guaranteed. 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 is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. © 2026 Northwest Indiana REALTORS® Association, Inc. Multiple Listing Service. All rights reserved.

Advertising Broker: Donna Mink | Mink Realty

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