Skip main navigation
Closed
  • $505,000

    306 Jefferson St, Valparaiso, IN 46383

    5beds
    --sqft
    Quadruplex
    Built in 1879
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $2,214 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,214/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $2,214/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $2,214/mo

    Rent Zestimate®

    Refinance and save

    $3,298/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $3,298/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jodi Gheaja,

    Realty Executives Premier 219-462-2224

    Bought with:

    Jordan Williams, RB21002015

    VIA Realty

    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

    Price history

    DateEventPrice
    9/30/2026Sold$505,000+5.2%
    Source: NIRA as distributed by MLS GRID #844115 Report a problem
    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

    Neighborhood: 46383

    Nearby schools

    GreatSchools rating
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.