$405,000

beds

baths

2,420

square ft

509 Union Street

Valparaiso, Indiana 46383

New / MLS #840682 / Multiple Unit (2-4) / Valparaiso

Listing information updated 6/15/2026 at 6:24pm

Don't miss this opportunity to own a four-unit residential income property offering immediate rental income and long-term appreciation potential. This multifamily property features four separate units with a mix of layouts, providing broad tenant appeal and stable occupancy. This property presents an excellent opportunity for both seasoned investors and owner-occupants looking to offset living expenses with rental income. Located in desirable downtown Valparaiso, the property is close to dining, shopping, parks, and so much more.

Full Features

Basement:

Unfinished

Beds Above Grade:

Cooling System:

Other

Heating System:

Hot Water

Appliances:

Gas Range, Refrigerator

Pool:

Age:

146 Years

Roof Type:

Shingle

Parking Type:

Gravel,Off Street,On Street

Garage:

Gravel,Off Street,On Street

Water Front:

Square Feet:

2,420

Lot Size:

0.18 Acres

Acreage:

0.18

Taxes & Assessments

Tax Amount:

$6,558

Tax Year:

2024

Location

Zip Code:

46383

City:

Valparaiso

County:

Porter

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Basement:

Unfinished

Beds Above Grade:

Cooling System:

Other

Heating System:

Hot Water

Appliances:

Gas Range, Refrigerator

Pool:

Age:

146 Years

Roof Type:

Shingle

Parking Type:

Gravel,Off Street,On Street

Garage:

Gravel,Off Street,On Street

Water Front:

Square Feet:

2,420

Lot Size:

0.18 Acres

Acreage:

0.18

Tax Amount:

$6,558

Tax Year:

2024

Zip Code:

46383

City:

Valparaiso

County:

Porter

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Jeffrey A. Sederberg, REALTORS

Listing Office Phone: 219.462.0141

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 6/15/2026 at 6:24pm. 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.

Valparaiso, IN

Known as the “Vale of Paradise,” Valparaiso is a burgeoning city with an engaged community. One of Valparaiso’s main attractions is its downtown area. The site of year-round events and local happenings, downtown Valparaiso is home to Central Park Plaza, Porter Health Amphitheater, and Urschel...

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$395,839

Average Sale Price

Average Days On The Market

96%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.