Excellent investment opportunity in the heart of downtown Valparaiso! This well-located duplex is within walking distance to the library, restaurants, and grocery stores, offering convenience and strong rental appeal. Each unit features 2 bedrooms, 1 full bath, and in-unit laundry, providing comfortable and functional living spaces for tenants or owners alike. The property also includes a detached 2-car garage for added value and storage. Brand new roof installed, giving peace of mind to future owners and reducing major maintenance concerns. With strong potential to significantly increase rental income, this property is ideal for investors or owner-occupants. Live in one unit while generating income from the other -- don't miss this versatile and income-producing opportunity!
Closed
$355,000
507 Franklin St, Valparaiso, IN 46383
4beds
--sqft
Duplex
Built in 1977
-- sqft lot
$355,100 Zestimate®
$--/sqft
$1,794 Estimated rent
Home value
$355,100
$330,000 - $380,000
$1,794/mo
Zestimate® history
Owner options
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$1,794/mo
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$1,794/mo
Rent Zestimate®
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$2,176/mo
Est. payment
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$2,176/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Alessandra Roeback,
BHHS Executive Realty 219-663-1986
Bought with:
Alessandra Roeback, RB20002019
BHHS Executive Realty
Source: NIRA as distributed by MLS GRID,MLS#: 839530
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Appliances
- Included: Dryer, Washer, Refrigerator, Range
- Laundry: Laundry Room
Features
- Other
- Has fireplace: No
Interior area
- Finished area above ground: 1,040
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 9,234 sqft
- Features: Front Yard
Details
- Parcel number: 640924181007000004
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Valparaiso
- Subdivision: Powells Add
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,FHA,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Sold | $355,000-3.5% |
Source:  NIRA as distributed by MLS GRID #839530 Report a problem | ||
| 6/30/2026 | Pending sale | $368,000 |
Source: NIRA as distributed by MLS GRID #839530 Report a problem | ||
| 5/26/2026 | Listed for sale | $368,000-4.4% |
Source: NIRA as distributed by MLS GRID #839530 Report a problem | ||
| 5/26/2026 | Listing removed | $385,000 |
Source: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate #837353 Report a problem | ||
| 5/18/2026 | Listed for sale | $385,000 |
Source: NIRA as distributed by MLS GRID #837353 Report a problem | ||
| 4/28/2026 | Pending sale | $385,000 |
Source: NIRA as distributed by MLS GRID #837353 Report a problem | ||
| 4/18/2026 | Listed for sale | $385,000 |
Source: NIRA as distributed by MLS GRID #837353 Report a problem | ||
| 4/18/2026 | Listing removed | $385,000 |
Source: NIRA as distributed by MLS GRID #836548 Report a problem | ||
| 4/17/2026 | Listed for sale | $385,000 |
Source: NIRA as distributed by MLS GRID #836548 Report a problem | ||
| 4/8/2026 | Pending sale | $385,000 |
Source: NIRA as distributed by MLS GRID #836548 Report a problem | ||
| 4/4/2026 | Listed for sale | $385,000+108.1% |
Source: NIRA as distributed by MLS GRID #836548 Report a problem | ||
| 2/17/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/17/2024 | Price change | $1,300-7.1% |
Source: Zillow Rentals Report a problem | ||
| 1/12/2024 | Price change | $1,400-6.7% |
Source: Zillow Rentals Report a problem | ||
| 12/28/2023 | Listed for rent | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 4/12/2019 | Sold | $185,000-5.1% |
Source: NIRA as distributed by MLS GRID #449110 Report a problem | ||
| 2/14/2019 | Pending sale | $194,900 |
Source: Century 21 Alliance Group #449110 Report a problem | ||
| 2/6/2019 | Listed for sale | $194,900+25.7% |
Source: Century 21 Alliance Group #449110 Report a problem | ||
| 10/25/2016 | Sold | $155,000-13.8% |
Source: NIRA as distributed by MLS GRID #399409 Report a problem | ||
| 8/12/2016 | Listed for sale | $179,900 |
Source: CENTURY 21 Alliance Group #399409 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,605 +13.6% | $302,100 -0.3% |
| 2024 | $3,174 -3% | $303,100 +12.3% |
| 2023 | $3,273 +8.7% | $270,000 +2.6% |
| 2022 | $3,010 +8.8% | $263,100 +12.1% |
| 2021 | $2,767 +4.5% | $234,700 +9.9% |
| 2020 | $2,649 -48% | $213,600 +5.4% |
| 2019 | $5,098 -1.1% | $202,600 +4.8% |
| 2018 | $5,153 | $193,400 -1.2% |
| 2017 | $5,153 +126.2% | $195,700 +4.5% |
| 2016 | $2,278 +6.3% | $187,300 +5.9% |
| 2014 | $2,143 +27.1% | $176,800 +5.7% |
| 2013 | $1,687 +1.7% | $167,200 +0.8% |
| 2012 | $1,659 -20.5% | $165,900 -20.5% |
| 2011 | $2,086 +1.3% | $208,600 +1.3% |
| 2010 | $2,059 -6.3% | $205,900 -6.9% |
| 2009 | $2,198 | $221,200 |
Find assessor info on the county website
Neighborhood: 46383
Nearby schools
GreatSchools rating
- 8/10Central Elementary SchoolGrades: K-5Distance: 1.9 mi
- 8/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 0.4 mi
- 10/10Valparaiso High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$355,100
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Estimated market value
$355,100
- Indiana
- Porter County
- Valparaiso
- 46383
- 507 Franklin St
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