Active

$405,000

509 Union St, Valparaiso, IN 46383

5beds

--sqft

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Quadruplex

Built in 1880

-- sqft lot

$390,700 Zestimate^®

$--/sqft

$-- HOA

What's special

Don't miss this opportunity to own a four-unit residential income property offering immediate rental income and long-term appreciation potential. This multifamily property features four separate units with a mix of layouts, providing broad tenant appeal and stable occupancy. This property presents an excellent opportunity for both seasoned investors and owner-occupants looking to offset living expenses with rental income. Located in desirable downtown Valparaiso, the property is close to dining, shopping, parks, and so much more.

18 days

567

30

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 4

Heating

Hot Water

Appliances

Included: Refrigerator

Features

None
Basement: Unfinished
Has fireplace: No

Interior area

Finished area above ground: 2,420

Property

Parking

Parking features: Gravel, Off Street, On Street

Features

Levels: Two
Pool features: None

Lot

Size: 7,840 Square Feet
Features: Front Yard

Details

Parcel number: 640924460007000004
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Condition

New construction: No
Year built: 1880

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Johnsons Sub

HOA

Has HOA: No

Location

Region: Valparaiso

Financial & listing details

Tax assessed value: $271,100
Annual tax amount: $6,558
Date on market: 6/15/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

$390,700

$371,000 - $410,000

$1,900/mo

Price history

Date	Event	Price
6/15/2026	Listed for sale	$405,000+200%
Source: NIRA as distributed by MLS GRID #840682 Report a problem
2/27/2021	Listing removed	--
Source: Owner Report a problem
6/29/2020	Listing removed	$800
Source: Owner Report a problem
6/17/2020	Listed for rent	$800
Source: Owner Report a problem
2/9/2020	Listing removed	$800
Source: Owner Report a problem
1/29/2020	Listed for rent	$800
Source: Owner Report a problem
9/24/2004	Sold	$135,000+13%
Source: NIRA as distributed by MLS GRID #95818 Report a problem
12/23/1998	Sold	$119,500
Source: NIRA as distributed by MLS GRID #548002 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,558 +11.6%	$264,500 -2.4%
2024	$5,878 +9%	$271,100 +13.1%
2023	$5,393 +12.5%	$239,800 +9.5%
2022	$4,793 +8.2%	$219,000 +16.6%
2021	$4,430 +3.9%	$187,900 +9.9%
2020	$4,265 +1.4%	$170,900 +5.2%
2019	$4,205 +1.4%	$162,400 +3.4%
2018	$4,148	$157,100 +1.3%
2017	$4,148 +11.4%	$155,100 +2.9%
2016	$3,724 +4.4%	$150,800 +6.9%
2014	$3,566 +30.1%	$141,100 +5.3%
2013	$2,740 +5.9%	$134,000 +3.6%
2012	$2,588 -14.2%	$129,400 -14.2%
2011	$3,016 +1.2%	$150,800 +1.2%
2010	$2,980 -6.9%	$149,000 -6.9%
2009	$3,200	$160,000

Find assessor info on the county website

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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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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