502 Monroe/ 251 Locust, Valparaiso, IN 46383
6
5|Apartment
NZD $862,924
USD $484,991
Published on: 21 Nov 2025
Last updated on: 15 Oct 2026
Property ID: 110103651991
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Residential Income, Valparaiso, IN
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
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Apartment
Listing Status
Active
Land Size
809.37 m2
Year Built
1880
Rooms
6 bedroom(s), 5 bathroom(s)
Num Floors
2
County
Porter
Parcel ID
64 09 24 456 001 000 004
Provider
Greater Northwest Indiana Association of REALTORS
Subdivision
Center 004 Banta's Add,OS,Powells & etc0
Brokerage Office Name
McColly Real Estate
Brokerage Office Phone
(219) 864-7200
Neighbourhoods
Center 004 Banta's Add, OS, Powells & etc0
Address
502 Monroe/ 251 Locust, Valparaiso, IN 46383
Tax History
| Year | Tax amount | |
|---|---|---|
| 2025 | USD $10022 | NZD $17,832* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.
Contact Agent
Steve Likas
McColly Real Estate
10709 Randolph Street , Crown Point, IN 46307
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Steve Likas
10709 Randolph Street , Crown Point, IN 46307
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Property ID: 110103651991
Original Property ID: 3yd-GNIARIN-831022Data provided by Greater Northwest Indiana Association of REALTORS, MLS #: 831022
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Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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