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Pending
  • $479,900

    306 Jefferson St, Valparaiso, IN 46383

    5beds
    --sqft
    : 
    $3,042/mo
    Get pre-qualified
    Quadruplex
    Built in 1879
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    LOCATION, LOCATION, LOCATION! A rare opportunity to own an income-producing property in the heart of downtown, just one block north of Lincolnway on Jefferson and steps from the exciting new Linc shopping and dining district. This distinctive historic two-story brick building offers incredible character, an unbeatable location, and multiple income streams. The property features four fully leased residential units, including three 1-bedroom apartments and one spacious 2-bedroom apartment. Each unit offers its own private entrance, providing added privacy and convenience for tenants. A welcoming front porch adds to the historic charm, while a concrete patio area at the rear provides additional outdoor living space. The largest unit also offers direct access to the garage area. What truly sets this investment apart is the RARE detached 7-unit garage, providing valuable additional rental income and a feature nearly impossible to find in a downtown location. The garage is conveniently accessed from the alley and features block construction with a flat roof. All residential units are currently leased, allowing for immediate income from day one, with additional potential to further maximize revenue. With its historic brick architecture, multiple rental units, exceptional garage income, and walkable location near downtown shopping, dining, entertainment, and Lincolnway, this is a truly unique investment opportunity. Properties offering this combination of location, established rental income, historic character, and 7 garage units rarely become available. Add this exceptional downtown property to your investment portfolio!
    12 days
    1,164
    62

    Zillow last checked:

    Listing updated:

    Listed by:

    Jodi Gheaja,

    Realty Executives Premier 219-462-2224

    Source: NIRA as distributed by MLS GRID,MLS#: 844115MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Baseboard
      Appliances
      • Included: Dryer, Washer, Refrigerator, Dishwasher
      • Laundry: Other
      Features
      • Other
      • Basement: Full
      • Has fireplace: No
      Interior area
      • Finished area above ground: 3,798

      Property

      Parking
      • Total spaces: 7
      • Parking features: On Street, Detached
      • Garage spaces: 7
      Features
      • Levels: Two
      Lot
      • Size: 0.25 Acres
      • Features: Front Yard, Other
      Details
      • Parcel number: 640924341003000004
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      Condition
      • New construction: No
      • Year built: 1879

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Valparaiso
      Location
      • Region: Valparaiso

      Financial & listing details

      • Tax assessed value: $294,000
      • Annual tax amount: $6,837
      • Date on market: 8/21/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,097/mo

        Price history

        DateEventPrice
        9/1/2026Pending sale$479,900
        Source: NIRA as distributed by MLS GRID #844115 Report a problem
        8/21/2026Listed for sale$479,900+50%
        Source: NIRA as distributed by MLS GRID #844115 Report a problem
        2/5/2021Sold$320,000-5.9%
        Source: NIRA as distributed by MLS GRID #486687 Report a problem
        1/4/2021Listed for sale$340,000+70.1%
        Source: NIRA as distributed by MLS GRID #486687 Report a problem
        12/3/2010Listing removed$199,900
        Source: CENTURY 21 Alliance Group #265622 Report a problem
        11/2/2010Listed for sale$199,900-9.1%
        Source: CENTURY 21 Alliance Group #265622 Report a problem
        7/30/1997Sold$220,000
        Source: NIRA as distributed by MLS GRID #547766 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,136 -2.8%$294,000 -0.3%
        2024$7,339 +6.9%$295,000 -1.5%
        2023$6,863 +2.9%$299,400 +7.4%
        2022$6,668 -1.6%$278,700 +6.6%
        2021$6,776 -1.3%$261,400
        2020$6,865 -1%$261,400
        2019$6,932 -33.3%$261,400 +0.2%
        2018$10,392 +45.1%$261,000 -1%
        2017$7,160 +9.3%$263,700 -1.5%
        2016$6,549 +2.1%$267,700 -10.5%
        2014$6,417 -0.3%$299,200 +3.9%
        2013$6,438 +7%$288,000 -4.2%
        2012$6,016 -21.8%$300,700 -15.3%
        2011$7,697 +61%$355,100 +48.6%
        2010$4,780 -30.1%$239,000 -30.1%
        2009$6,836 $341,800 +85.8%
        2006-- $184,000 +11%
        2005-- $165,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 46383

        Getting around

        86 / 100
        Very Walkable
        23 / 100
        Minimal Transit
        60 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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