Listing
$469,898
502 Mo••••• 251 Locust (Sign up for 50 free credits to unlock)Valparaiso, IN 46383
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
Property Facts & Features
- Property Type
- Apartment
- Status
- Active
- Listed
- Nov 19, 2025
- ZIP Code
- 46383
- Full Baths
- 5
- Stories
- 2
- Garage
- 2 spaces
- Parking
- Driveway, On Street
- Heating
- Baseboard, Natural Gas, Hot Water
- Property Tax (2025)
- $9,261/yr
- Assessed Value
- $402,900
- Last Sold
- $154,280 · Feb 29, 2004
- County
- Porter
- School District
- Valparaiso Community Schools
- Cats
- Allowed
- Dogs
- Allowed
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 6
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Land Info
- Lot Description: Corner Lot
- Lot Size Acres: 0.2
- Lot Size Source: Assessor
- Lot Size Square Feet: 8712
Utilities
- Sewer: Public Sewer
- Electricity Connected
- Water Connected
- Sewer Connected
- Natural Gas Connected
- Water Source: Public
Appliances
- Range
- Refrigerator
Other Rooms
- Basement Features: Unfinished
Rental Info
- Rent Includes: Gas, Water, Trash Collection, Sewer
Home Features
- View: Neighborhood
- Security Features: Smoke Detector(s)
Garage and Parking
- Garage Spaces: 2
- Parking Features: Driveway, On Street
School Information
- High School District: Valparaiso
- School District: Valparaiso
Heating and Cooling
- Heating Features: Baseboard, Natural Gas, Hot Water
Other Property Info
- Annual Tax Amount: 10022
- Source Listing Status: Active
- County: Porter
- Directions: Lincolnway to Locust south to Monroe. Building at the south east corner of Monroe and Locust.
- Tax Year: 2025
- Source Neighborhood: Center 004 Banta's Add,OS,Powells & etc0
- Owner Pays: Gas, Water, Trash Collection, Sewer
- Parcel Number: 64 09 24 456 001 000 004
- Subdivision: Center 004 Banta's Add,OS,Powells & etc0
- Township: Center
- Property Subtype: Apartment
Homeowners Association
- Pets Allowed: Number Limit, Yes
Building and Construction
- Year Built: 1880
- Above Grade Finished Area: 3166
- Below Grade Unfinished Area: 1328
- Levels: Two
- Property Age: 146
- Levels or Stories: Two
- Total Above Grade Sqft Area: 3166
Exterior and Lot Features
- Patio And Porch Features: Front Porch
- Porch: Yes
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Oct 29, 2026 | Price Changed | $469,898 | - |
| Oct 21, 2026 | Price Changed | $469,899 | - |
| Oct 14, 2026 | Price Changed | $469,900 | - |
| Oct 12, 2026 | Price Changed | $484,991 | - |
| Oct 1, 2026 | Price Changed | $484,992 | - |
| Sep 17, 2026 | Price Changed | $484,993 | - |
| Sep 7, 2026 | Price Changed | $484,994 | - |
| Aug 31, 2026 | Price Changed | $484,995 | - |
| Aug 17, 2026 | Price Changed | $484,996 | - |
| Aug 11, 2026 | Price Changed | $484,997 | - |
| Aug 5, 2026 | Price Changed | $484,998 | - |
| Jul 30, 2026 | Price Changed | $484,999 | - |
| Jun 2, 2026 | Price Changed | $485,000 | - |
| May 20, 2026 | Price Changed | $499,886 | - |
| Apr 27, 2026 | Price Changed | $499,887 | - |
| Apr 22, 2026 | Price Changed | $499,888 | - |
| Apr 16, 2026 | Price Changed | $499,889 | - |
| Apr 6, 2026 | Price Changed | $499,890 | - |
| Mar 30, 2026 | Price Changed | $499,891 | - |
| Mar 8, 2026 | Price Changed | $499,892 | - |
| Feb 8, 2026 | Price Changed | $499,893 | - |
| Jan 28, 2026 | Price Changed | $499,894 | - |
| Jan 22, 2026 | Price Changed | $499,895 | - |
| Jan 14, 2026 | Price Changed | $499,896 | - |
| Jan 5, 2026 | Price Changed | $499,897 | - |
| Dec 28, 2025 | Price Changed | $499,898 | - |
| Dec 8, 2025 | Price Changed | $499,899 | - |
| Nov 19, 2025 | Listed | $499,900 | - |
| Feb 29, 2004 | Sold | $154,280 | $49 |
Location
Lat 41.46565 · Lng -87.05488