This rental property offers seven residential units in the high demand rental market of Valparaiso. This property is ideal for an investor seeking great cash flow with low maintenance needs & upside for rent increases.
Property Features
Bedrooms
Bedrooms: 10
Bathrooms
Full Bathrooms: 7
Heating and Cooling
Heating Features: Forced Air
Land Info
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Rental Info
Gross Income: 64260
Homeowners Association
Association Fee Frequency: Annual
Pets Allowed: Call
Other Property Info
Annual Tax Amount: 7238
Source Listing Status: Active
County: Porter
Directions: Driving north on I-65, take Exit Ramp going east on 30. After 14 miles, turn left on Washington st. After 1/4 mile turn right on brown st then a right on Locust st after 3 blocks. Property is on the right in 1/4 mile.
Tax Year: 2023
Source Property Type: Residential Income
Property Subtype: condo
Source Neighborhood: Smith Add
Parcel Number: 640925201004000004
Subdivision: Smith Add
Township: Center
Property Subtype: Apartment
Source System Name: C2C
Commercial Info
Operating Expense: 15000
Building and Construction
Year Built: 1886
Above Grade Finished Area: 5238
Levels: Two
Property Age: 139
Utilities
Sewer: Public Sewer
Water Source: Public
Property History
Property Price
Date
Event
Price
Price/Sq Ft
Source
08/18/2025
Listed
$711,000
-
NIRA
04/11/2023
Sold
$325,000
$62
Public Record
02/22/2009
Listing removed
$149,900
$30
NIRA
09/12/2008
Listed
$155,900
$31
NIRA
Property Tax
Year
Taxes
Land
added to
Additions
equals
Total assessments
2023
$7,238
$65,600
+
$229,700
=
$295,300
2022
$3,201
$37,400
+
$92,600
=
$130,000
2021
$3,455
$37,400
+
$92,600
=
$130,000
2020
$3,509
$37,400
+
$92,600
=
$130,000
2019
$3,554
$37,400
+
$92,600
=
$130,000
2018
$3,553
$37,400
+
$92,600
=
$130,000
2017
$3,549
$37,400
+
$92,600
=
$130,000
Neighborhood
Noise Level:Medium
This home has a medium noise level for the surrounding area
Commute Time:N/A
Explore Schools and Lifestyles around 456 Locust St