Residential Income For Sale

306 Jefferson Street, Valparaiso, Indiana

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Property Description

LOCATION, LOCATION, LOCATION! A rare opportunity to own an income-producing property in the heart of downtown, just one block north of Lincolnway on Jefferson and steps from the exciting new Linc shopping and dining district. This distinctive historic two-story brick building offers incredible character, an unbeatable location, and multiple income streams. The property features four fully leased residential units, including three 1-bedroom apartments and one spacious 2-bedroom apartment. Each unit offers its own private entrance, providing added privacy and convenience for tenants. A welcoming front porch adds to the historic charm, while a concrete patio area at the rear provides additional outdoor living space. The largest unit also offers direct access to the garage area. What truly sets this investment apart is the RARE detached 7-unit garage, providing valuable additional rental income and a feature nearly impossible to find in a downtown location. The garage is conveniently accessed from the alley and features block construction with a flat roof. All residential units are currently leased, allowing for immediate income from day one, with additional potential to further maximize revenue. With its historic brick architecture, multiple rental units, exceptional garage income, and walkable location near downtown shopping, dining, entertainment, and Lincolnway, this is a truly unique investment opportunity. Properties offering this combination of location, established rental income, historic character, and 7 garage units rarely become available. Add this exceptional downtown property to your investment portfolio!

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA844115
Price : $479,900
Bedrooms : 5
Rooms : 12
Bathrooms : 4
Half Bathrooms : 0
Year Built : 1879
Lot Area : 10,890 Sqft
Status : Active
Acres : 0.25
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Baseboard
Basement : Yes
Pet Policy : No
Parking : Detached, On Street
Interior Features : Other
Appliances
Appliances : Dryer, Refrigerator, Washer, Dishwasher, Gas Range
Address Map
Country : US
State : IN
County : Porter
City : Valparaiso
Street : Jefferson
Street Number : 306
Street Suffix : Street
Postal Code : 46383
Floor Number : 0
Longitude : W88° 56' 36''
Latitude : N41° 28' 6.6''
Directions : Lincolnway to lighted intersection of N Morgan. Go North on Morgan 1 block to Jefferson and turn right (E). Property is on right (S) side before you reach Valparaiso Street.
Subdivision : Valparaiso
Township : Center
MLS Addon
Office Name : Realty Executives Premier
Listing Agent MLS ID : NRA13745
Listing Office MLS ID : NRA1103
Annual Tax Amount : $6,837
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Residential Income For Sale
  • Listing ID : NRA844115
  • Bedrooms : 5
  • Bathrooms : 4
  • Lot Area : 10,890 Sqft
$479,900
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent