502 Monroe St Valparaiso, IN 46383
Estimated payment $3,455/month
Highlights
- Corner Lot
- Neighborhood Views
- Hot Water Heating System
- Central Elementary School Rated A
- Front Porch
- 2 Car Garage
About This Home
Excellent Investment Opportunity in Valparaiso! Don't miss this great chance to own a 5-unit income property in the heart of Valparaiso! This solid two-story brick building offers classic curb appeal, reliable rental potential, and long-term value. The property features five separate units, providing steady income and flexibility for investors or owner-occupants. Each unit is well-maintained with functional layouts, and tenants enjoy convenient on-site parking plus a two-car garage for added storage or rental potential. Located close to downtown Valparaiso, shopping, restaurants, schools, and major highways, this property offers excellent accessibility and strong rental demand. Whether you're expanding your portfolio or looking to start your investment journey, this is a turnkey opportunity with consistent cash flow and room to grow
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $10,022
Year Built
- Built in 1880
Lot Details
- 8,712 Sq Ft Lot
- Corner Lot
Parking
- 2 Car Garage
Interior Spaces
- 3,166 Sq Ft Home
- 2-Story Property
- Neighborhood Views
- Fire and Smoke Detector
- Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Outdoor Features
- Front Porch
Utilities
- No Cooling
- Hot Water Heating System
- Heating System Uses Natural Gas
Community Details
- 5 Units
- Center 004 Banta's Add,Os,Powells & Etc0 Subdivision
Listing and Financial Details
- The owner pays for gas, water, trash collection, sewer
- Rent includes gas, water, trash collection, sewer
- Assessor Parcel Number 64 09 24 456 001 000 004
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/03/2026 06/03/26 | Price Changed | $485,000 | -3.0% | $153 / Sq Ft |
| 05/21/2026 05/21/26 | Price Changed | $499,886 | 0.0% | $158 / Sq Ft |
| 04/28/2026 04/28/26 | Price Changed | $499,887 | 0.0% | $158 / Sq Ft |
| 04/23/2026 04/23/26 | Price Changed | $499,888 | 0.0% | $158 / Sq Ft |
| 04/17/2026 04/17/26 | Price Changed | $499,889 | 0.0% | $158 / Sq Ft |
| 04/07/2026 04/07/26 | Price Changed | $499,890 | 0.0% | $158 / Sq Ft |
| 03/31/2026 03/31/26 | Price Changed | $499,891 | 0.0% | $158 / Sq Ft |
| 03/09/2026 03/09/26 | Price Changed | $499,892 | 0.0% | $158 / Sq Ft |
| 02/09/2026 02/09/26 | Price Changed | $499,893 | 0.0% | $158 / Sq Ft |
| 01/29/2026 01/29/26 | Price Changed | $499,894 | 0.0% | $158 / Sq Ft |
| 01/23/2026 01/23/26 | Price Changed | $499,895 | 0.0% | $158 / Sq Ft |
| 01/15/2026 01/15/26 | Price Changed | $499,896 | 0.0% | $158 / Sq Ft |
| 01/06/2026 01/06/26 | Price Changed | $499,897 | 0.0% | $158 / Sq Ft |
| 12/29/2025 12/29/25 | Price Changed | $499,898 | 0.0% | $158 / Sq Ft |
| 12/09/2025 12/09/25 | Price Changed | $499,899 | 0.0% | $158 / Sq Ft |
| 11/18/2025 11/18/25 | For Sale | $499,900 | -- | $158 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 831022
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.