$385,000

beds

baths

1,040

square ft

507 Franklin Street

Valparaiso, Indiana 46383

New / MLS #836548 / Multiple Unit (2-4) / Valparaiso

Listing information updated 4/4/2026 at 6:04pm

Excellent investment opportunity in the heart of downtown Valparaiso! This well-located duplex is within walking distance to the library, restaurants, and grocery stores, offering convenience and strong rental appeal. Each unit features 2 bedrooms, 1 full bath, and in-unit laundry, providing comfortable and functional living spaces for tenants or owners alike. The property also includes a detached 2-car garage for added value and storage. With strong potential to significantly increase rental income, this property is ideal for investors or owner-occupants. Live in one unit while generating income from the other--don't miss this versatile and income-producing opportunity!

Full Features

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Dryer, Washer, Refrigerator, Range

Pool:

Age:

49 Years

Parking Spaces:

Room Count:

Water Front:

Square Feet:

1,040

Lot Size:

0.212 Acres

Acreage:

0.212

Taxes & Assessments

Tax Amount:

$3,605

Tax Year:

2024

Location

Zip Code:

46383

City:

Valparaiso

County:

Porter

Schools

School District(s):

Valparaiso

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Dryer, Washer, Refrigerator, Range

Pool:

Age:

49 Years

Parking Spaces:

Room Count:

Water Front:

Square Feet:

1,040

Lot Size:

0.212 Acres

Acreage:

0.212

Tax Amount:

$3,605

Tax Year:

2024

Zip Code:

46383

City:

Valparaiso

County:

Porter

School District(s):

Valparaiso

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: BHHS Executive Realty

Listing Office Phone: 219.663.1986

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/4/2026 at 6:04pm. 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.