509 Union St Valparaiso, IN 46383
Valparaiso AreaEstimated payment $2,699/month
Highlights
- No HOA
- Central Elementary School Rated A
- Hot Water Heating System
About This Home
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.
Listing Agent
Evolution Real Estate Solution License #RB26000129 Listed on: 06/15/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,558
Year Built
- Built in 1880
Parking
- Off-Street Parking
Home Design
- Quadruplex
Interior Spaces
- 2,420 Sq Ft Home
- 2-Story Property
- Gas Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Additional Features
- 7,841 Sq Ft Lot
- Hot Water Heating System
Listing and Financial Details
- Rent includes all utilities
- Assessor Parcel Number 640924460007000004
Community Details
Overview
- No Home Owners Association
- 4 Units
- Johnsons Sub Subdivision
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,160 | $264,500 | $46,500 | $218,000 |
| 2024 | $5,958 | $271,100 | $44,300 | $226,800 |
| 2023 | $5,473 | $239,800 | $38,700 | $201,100 |
| 2022 | $5,393 | $219,000 | $38,700 | $180,300 |
| 2021 | $4,873 | $187,900 | $38,700 | $149,200 |
| 2020 | $4,510 | $170,900 | $35,200 | $135,700 |
| 2019 | $4,345 | $162,400 | $35,200 | $127,200 |
| 2018 | $4,205 | $157,100 | $35,200 | $121,900 |
| 2017 | $4,148 | $155,100 | $35,200 | $119,900 |
| 2016 | $3,724 | $150,800 | $42,200 | $108,600 |
| 2014 | $2,902 | $141,100 | $39,800 | $101,300 |
| 2013 | -- | $134,000 | $40,100 | $93,900 |
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 |
|---|---|---|---|---|
| 07/17/2026 07/17/26 | Price Changed | $395,000 | -2.5% | $163 / Sq Ft |
| 06/15/2026 06/15/26 | For Sale | $405,000 | -- | $167 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | Premier Title | |
| Quit Claim Deed | -- | None Available |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $122,000 | New Conventional |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 840682
APN: 64-09-24-460-007.000-004
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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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