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Off market
  • $325,900

    254 Locust St, Valparaiso, IN 46383

    4beds
    0baths
    2,382sqft
    MultiFamily
    Built in 1885
    -- sqft lot
    $325,900 Zestimate®
    $137/sqft
    $1,520 Estimated rent

    Home value

    $325,900

    $293,000 - $362,000

    $1,520/mo

    Zestimate® history
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    $1,520/mo

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    Rent Zestimate®

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    $1,603/mo

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    $1,603/mo

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    What's special

    First time on the market! Incredible investment opportunity! Well-maintained, turn key ready 2 unit rental property in downtown Valparaiso that was lovingly maintained as a single-family home for several generations before being converted 2 rental units. Both units were completely gutted and remodeled (upper 2010 & main 2001) and each unit has 2 bedrooms, 1 bathroom, washer/dryer and private deck. Upper unit has fantastic 12x28 bonus room that could easily be used as 3rd bedroom. Main floor unit has enclosed porch w/storage room. Tenant pays gas/electric. Highly desirable Valparaiso schools. Nestled just a few blocks from Valparaiso University and Valparaiso's downtown restaurants/shops. Be sure not to miss the original Locust Street bricks that adorn the back walkway. Detached garage and storage shed. Have you always thought about owning an investment property? This hidden gem would be a great place to start that dream!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 0
    Heating
    • Other
    Cooling
    • Central
    Features
    • Basement: Yes
    Interior area
    • Total interior livable area: 2,382 sqft

    Property

    Parking
    • Parking features: Garage - Detached
    Lot
    • Size: 8,712 sqft
    Details
    • Parcel number: 640924455007000004

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Foundation: Crawl/Raised
    • Roof: Asphalt
    Condition
    • Year built: 1885

    Utilities & green energy

    • Sewer: Yes

    Community & neighborhood

    Location
    • Region: Valparaiso

    Other

    Other facts
    • Basement: Yes
    • Sewer: Yes
    • Municipal Water: Yes
    • Property Subtype 1: Income Property
    • Status: Contingent - SI
    • Transaction Type: Sale

    Price history

    DateEventPrice
    6/1/2020Sold$201,000+0.6%$84/sqft
    Source: NIRA as distributed by MLS GRID #473102 Report a problem
    4/22/2020Pending sale$199,900$84/sqft
    Source: Berkshire Hathaway Home Services Executive Group Real Estate #473102 Report a problem
    4/19/2020Listed for sale$199,900$84/sqft
    Source: BHHS Executive Group RE #473102 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,246 +8.4%$287,800 +12.6%
    2023$3,917 +10.7%$255,700 +9.2%
    2022$3,540 +10.5%$234,100 +13.3%

    Find assessor info on the county website

    Neighborhood: 46383

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $325,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $325,900