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6 Beds
5 Baths
3,166 sqft

$484,991

502 Monroe/ 251 Locust, Valparaiso IN, 46383

Price per sqft$153.19
Built in1880
Property size3,166 sqft
Property typeCondominium

Overview

Active

Listed Nov 18, 2025

Updated 5h ago

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

$3,227/mo

Est. mortgage payment based on a $484,991 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
831022

Interior Features

Bedrooms
6
Bathrooms
5
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.2 Acres

Other Property Details

Taxes
$10,022
Tax Frequency
Annually
Garage
Yes
View
Yes
Pets Allowed
Yes

Courtesy of McColly Real Estate, Steve Likas,
Listing Contact: (219) 313-3785 

Listings courtesy of Northwest Indiana REALTOR Association as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gina Guarino Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 3:10 AM UTC on 10/14/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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