Valparaiso, IN Apartment buildings for sale

Updated: May 20

9-Unit Multifamily Investment

205 Michigan Avenue, Valparaiso, IN 46383

$1,160,000

9,246 sqft · 0.20 AC lot

9‑unit multifamily property in Valparaiso with a unit mix ranging from studio to 3‑bedroom apartments
Landlord pays for water & heat
Public water and public sewer service
Parking available via alley and off‑street parking
Basement included

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This listing looks promising.

Here's a quick look at some key insights for

205 Michigan Avenue, Valparaiso, IN 46383

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Est. Cap Rate

6.3%
Above avg (5.9%)
Est. NOI

$73K
Annual
Price @ 7% Cap

$1.05M
Suggested
Property Type

Apartments (Generic)
Built 1920

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Updated: May 20

Charming Multifamily Property in Valparaiso

205 Michigan Avenue, Valparaiso, IN 46383

$1,260,000

9,246 sqft

Turnkey, income‑producing 9‑unit multifamily property.
Diverse unit mix from studio to 3‑bedroom apartments.
Convenient location near shopping, dining, and transportation.
History of stable occupancy.
Classic character with thoughtful updates.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Valparaiso, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Multi-Family Apartment Building

321 Hoffman Court, Crown Point, IN 46307

$2,650,000

11,868 sqft · 1.33 AC lot

22-unit multifamily asset near Bulldog Park, offering a compact layout with strong walkability to local amenities.

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44-Unit Townhome Community For Sale

1341 Lake Charles Ave, Porter, IN 46304

$6,520,000

1,330 sqft

Well-maintained 44-unit townhome community in Porter/Chesterton, Indiana.

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Townhome-Style Multifamily Building

1230-1256 Lake Charles Ave, Porter, IN 46304

$1,750,000

15,960 sqft

Twelve 2-bedroom units with private decks, in-unit laundry hookups, and tenant-paid utilities for manageable operations.

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Northwest Indiana Apartment Portfolio

2100 N Main St, Crown Point, IN 46307

Contact for pricing

118-unit portfolio in Crown Point, Highland, and Griffith, Indiana.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Valparaiso, IN Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Valparaiso, IN on our real estate platform. These investment opportunities span a total of 18,492 square feet of properties for sale, with an estimated market value of $2,420,000.

Sale prices for two-family homes in Valparaiso, IN start at $1,160,000, averaging $1,210,000, and reaching up to $1,260,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
46383	$1.2M

Neighborhood

Average Price

46383

$1.2M

Valparaiso, IN Apartment Buildings for Sale

205 Michigan Avenue, Valparaiso, IN 46383

205 Michigan Avenue, Valparaiso, IN 46383