502 Monroe/ 251 Locust, Valparaiso, IN 46383

$499,887

  • Open House
  • New Listing
  • Price Reduced$1
  • Sold
  • Leased
-1 More Schedule
  • 6 BedroomBeds
  • 5 BathroomBaths
  • Sqft
  • 0Acres
  • Multi-FamilyType
  • ActiveStatus
  • 831022MLS#
-1 More Schedule

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Property Description 502 Monroe/ 251 Locust, Valparaiso, IN 46383

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



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Property Details 502 Monroe/ 251 Locust, Valparaiso, IN 46383

  • On Market Date: 11/18/2025
  • Year Built: 1880
  • MLS#: 831022
  • Type: Multi-Family
  • Status: Active
  • Lot Size: 8,712
  • Price: $499,887
  • City: Valparaiso
  • State: IN
  • Zip: 46383
  • County: Porter
  • Development: NO
  • Date Last Updated: 04/28/2026
  • Property tax: $10,022

Bedrooms

  • Beds: 6

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Basement: Yes
  • Garage/Parking Spaces: 2
  • Pool: NO
  • Water: Public
  • Sewer: Public Sewer
  • Heating: Baseboard, Natural Gas, Hot Water
  • Cooling: None

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