$395,000
- 8 Beds
- 3 Baths
- 4,841 Sq Ft
143 N 500 W, Valparaiso, IN 46385
Dennis Nichols Weichert, Realtors-Moke Agency
$395,000
143 N 500 W, Valparaiso, IN 46385
Dennis Nichols Weichert, Realtors-Moke Agency
$495,000
704 Lincolnway, Valparaiso, IN 46383
Wendy Van Denburgh McColly Real Estate
Valparaiso, IN, known locally as "Valpo," is a small-town seat of Porter County, located about 52 miles southeast of Chicago and 14 miles south of Lake Michigan. The historic downtown area features buildings from the mid-1800s, such as the Memorial Opera House, and hosts events like the Summer Rhapsody Music Festival, Valpo Brewfest, and the Popcorn Festival. The city has undergone significant revitalization, adding a city park, ice skating pavilion, and various events. Dining options include pizza parlors, Mexican restaurants, and elevated bar fare, while shopping ranges from local boutiques to big-box stores at Valparaiso Marketplace. Valpo's 15 parks cover 667 acres, offering athletic fields, playgrounds, and over 20 miles of pathways. The Valparaiso Family YMCA provides additional recreational facilities. Valparaiso Community Schools serve around 6,500 students with high ratings and a 97% graduation rate. Valparaiso University, a private Lutheran institution, is noted for its engineering and nursing programs. Commuters have multiple options, including the ChicaGO Dash express bus and the South Shore Line train from Dune Park. The city has seen a decrease in violent crimes and a continuous downward trend in overall crime rates over the past decade. Housing styles range from vintage homes near downtown to contemporary subdivisions on the outskirts, with ongoing developments adding new homes and apartments.
On average, homes in Valparaiso, IN sell after 47 days on the market compared to the national average of 70 days. The median sale price for homes in Valparaiso, IN over the last 12 months is $420,000, down 4% from the median home sale price over the previous 12 months.
In Valparaiso, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $395,000 to $495,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Valparaiso is $449,900, while the average sale price is $430,432, offering insights into the local housing market. On average, multi-family homes spend 47 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Valparaiso, IN.