About 502 Monroe/ 251 Locust, Valparaiso, Indiana, 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
Water Source : Public
Sewer Source : Public Sewer
Garage On Property.
Parking Features : Driveway
2 Garage Spaces
Security Features : Smoke Detector(s)
Lot Size Source : Assessor
Heating : Baseboard
Levels : Two
Basement Description : Unfinished
Appliances : Range
Water Source : Public
Sewer Source : Public Sewer
Garage On Property.
Parking Features : Driveway
2 Garage Spaces
Security Features : Smoke Detector(s)
Lot Size Source : Assessor
Heating : Baseboard
Levels : Two
Basement Description : Unfinished
Appliances : Range

Street Address: 502 Monroe/ 251 Locust
City: Valparaiso
State: Indiana
Postal Code: 46383
Directions: Lincolnway to Locust south to Monroe. Building at the south east corner of Monroe and Locust.

Property Information :
Listing Status: Active
MLS #: 831022
Bedrooms: 6 bd
Price: $499,899
Tax Amount: 10022.16
Construction Status: Built in 1880
Last Modified : Dec 10 2025 4:05AM

Courtesy of: , McColly Real Estate (MLS# NRA246)
Source MLS: NIRA