Residential Income For Sale

507 Franklin Street, Valparaiso, Indiana

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Property Description

Excellent investment opportunity in the heart of downtown Valparaiso! This well-located duplex is within walking distance to the library, restaurants, and grocery stores, offering convenience and strong rental appeal. Each unit features 2 bedrooms, 1 full bath, and in-unit laundry, providing comfortable and functional living spaces for tenants or owners alike. The property also includes a detached 2-car garage for added value and storage. Brand new roof installed, giving peace of mind to future owners and reducing major maintenance concerns. With strong potential to significantly increase rental income, this property is ideal for investors or owner-occupants. Live in one unit while generating income from the other — don’t miss this versatile and income-producing opportunity!

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA839530
Price : $368,000
Bedrooms : 4
Rooms : 8
Bathrooms : 2
Half Bathrooms : 0
Year Built : 1977
Lot Area : 9,235 Sqft
Status : Active
Acres : 0.212
Property Subtype 1 : Duplex
Status : Active
Features
Heating System : Forced Air, Natural Gas
Pet Policy : No
Interior Features : Other
Appliances
Appliances : Dryer, Refrigerator, Washer, Range
Address Map
Country : US
State : IN
County : Porter
City : Valparaiso
Street : Franklin
Street Number : 507
Street Suffix : Street
Postal Code : 46383
Floor Number : 0
Longitude : W88° 56' 23.7''
Latitude : N41° 28' 22.6''
Directions : From Lincolnway and Morgan turn North on Morgan turn west on Chicago turn North on Franklin to property on corner of Franklin and Walnut.
Subdivision : Rice Add/koontz Lake
Township : Center
MLS Addon
Office Name : BHHS Executive Realty
Listing Agent MLS ID : NRA16760
Listing Office MLS ID : NRA121
Annual Tax Amount : $6,964
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Residential Income For Sale
  • Listing ID : NRA839530
  • Bedrooms : 4
  • Bathrooms : 2
  • Lot Area : 9,235 Sqft
$368,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent