This rental property offers 5 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: 6
Bathrooms
Full Bathrooms: 5
Heating and Cooling
Heating Features: Forced Air
Land Info
Lot Size Acres: 0.084
Lot Size Square Feet: 3659
Rental Info
Gross Income: 44700
Homeowners Association
Association Fee Frequency: Annual
Pets Allowed: Call
Other Property Info
Annual Tax Amount: 6628
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 right in 1/4 mile.
Tax Year: 2023
Source Property Type: Residential Income
Property Subtype: condo
Source Neighborhood: Smiths Add
Parcel Number: 640925201007000004
Subdivision: Smiths Add
Township: Center
Property Subtype: Apartment
Source System Name: C2C
Commercial Info
Operating Expense: 13842
Building and Construction
Year Built: 1890
Above Grade Finished Area: 4932
Levels: Two
Property Age: 135
Utilities
Sewer: Public Sewer
Water Source: Public
Property History
Property Price
Date
Event
Price
Price/Sq Ft
Source
08/18/2025
Listed
$509,000
-
NIRA
Property Tax
Year
Taxes
Land
added to
Additions
equals
Total assessments
2023
$6,628
$20,800
+
$249,600
=
$270,400
2022
$2,831
$18,600
+
$96,400
=
$115,000
2021
$3,033
$18,600
+
$96,400
=
$115,000
2020
$3,080
$18,600
+
$96,400
=
$115,000
2019
$3,120
$18,600
+
$96,400
=
$115,000
2018
$3,119
$18,600
+
$96,400
=
$115,000
2017
$3,116
$18,600
+
$96,400
=
$115,000
Neighborhood
Noise Level:Medium
This home has a medium noise level for the surrounding area
Commute Time:N/A
Explore Schools and Lifestyles around 460 Locust St