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Street View
$469,898
Monthly Est:$2,339
6 Beds
5 Baths5 full baths
--sqft
502 Monroe/ 251 Locust, Valparaiso, IN 46383
$469,898
$2,339/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 demand. Whether you're expanding your portfolio or looking to start your investment journey, this is a turnkey opportunity with consistent cash flow and room to grow
- Houzeo last checked: 14 minutes ago
- Listing updated: November 5, 2026 at 5:31 pm
- Listing Provided by: Steve Likas (219) 313-3785 , Franziska Acke | McColly Real Estate (219) 663-3835
- Source: Northwest Indiana REALTORS® Association MLS-IN as distributed by MLS GRID | MLS#: 831022
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
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
355
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 5
Interior
Heating
Baseboard, Natural Gas, Hot Water
Interior Features
Other
Exterior Features
None
Appliances
Range, Refrigerator
Sewer
Public Sewer
Utilities & Energy
Security Features
Smoke Detector(s)
Water Source
Public
Basement
Unfinished
Parking Features
Driveway, On Street
Utilities
Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Other Features
Lot Features
Corner Lot
Subdivision Name
Center 004 Banta's Add, Os, Powells & Etc0
Patio And Porch Features
Front Porch
Price History
| Date | Event | Price |
|---|---|---|
10/30/2026 Source: | Price Change | $469,898 $0/sqft |
10/22/2026 Source: | Price Change | $469,899 $0/sqft |
10/15/2026 Source: | Price Decreased | $469,900 -3.11% $0/sqft |
10/13/2026 Source: | Price Change | $484,991 $0/sqft |
10/02/2026 Source: | Price Change | $484,992 $0/sqft |
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Based on information provided by the Northwest Indiana REALTORS® Association, Inc. Multiple Listing Service through Nov 08, 2026, 05:15AM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the 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. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. 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. © 2026 Northwest Indiana REALTORS® Association, Inc. Multiple Listing Service. All rights reserved.
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