Residential Income For Sale

502 Monroe/ 251 Locust, Valparaiso, Indiana

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Property 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

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA831022
Price : $499,887
Bedrooms : 6
Rooms : 0
Bathrooms : 5
Half Bathrooms : 0
Year Built : 1880
Lot Area : 8,712 Sqft
Status : Active
Acres : 0.2
Property Subtype 1 : Apartment
Status : Active
Features
Heating System : Baseboard, Hot Water, Natural Gas
Basement : Yes
Pet Policy : Yes, Number Limit
Parking : Driveway, On Street
Exterior Features : No
Interior Features : Other
Appliances
Appliances : Refrigerator, Range
Address Map
Country : US
State : IN
County : Porter
City : Valparaiso
Street : 251 Locust
Street Number : 502 Monroe/
Postal Code : 46383
Floor Number : 0
Longitude : W88° 56' 43.2''
Latitude : N41° 27' 56.3''
Directions : Lincolnway to Locust south to Monroe. Building at the south east corner of Monroe and Locust.
Subdivision : Eastdale Estates
Township : Center
MLS Addon
Office Name : McColly Real Estate
Listing Agent MLS ID : NRA3496
Listing Office MLS ID : NRA246
Annual Tax Amount : $10,022
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Residential Income For Sale
  • Listing ID : NRA831022
  • Bedrooms : 6
  • Bathrooms : 5
  • Lot Area : 8,712 Sqft
$499,887
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent