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!
Pending
$479,900
306 Jefferson St, Valparaiso, IN 46383
5beds
--sqft
Quadruplex
Built in 1879
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 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#: 844115
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
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Pending sale | $479,900 |
Source: | ||
| 8/21/2026 | Listed for sale | $479,900+50% |
Source: | ||
| 2/5/2021 | Sold | $320,000-5.9% |
Source: | ||
| 1/4/2021 | Listed for sale | $340,000+70.1% |
Source: | ||
| 12/3/2010 | Listing removed | $199,900 |
Source: CENTURY 21 Alliance Group #265622 Report a problem | ||
| 11/2/2010 | Listed for sale | $199,900-9.1% |
Source: CENTURY 21 Alliance Group #265622 Report a problem | ||
| 7/30/1997 | Sold | $220,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
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