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    Five-Unit Brick Apartment Building
    Updated: Nov 19, 2025
    Five-Unit Brick Apartment Building

    502 Monroe/ 251 Locust, Valparaiso, IN 46383

    $484,992
    3,166 sqft
    Five separate apartment units
    Two‑story brick building constructed in 1880
    3,166 square feet of building area
    On‑site parking included
    Two‑car garage for storage or rental use
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Valparaiso, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1217-1227 W Porter Ave, Chesterton, IN 46304

    $869,000
    4,952 sqft 0.27 AC lot

    Two-story masonry construction with individual HVAC systems and on-site parking supports efficient multifamily operations.

    View details
    Townhome-Style Multifamily Building
    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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    28-Unit Townhome-Style Apartment Portfolio
    28-Unit Townhome-Style Apartment Portfolio

    1230 Lake Charles Ave, Porter, IN 46304

    $4,200,000
    37,240 sqft

    Three townhome-style apartment properties with individually metered units, private outdoor areas, and in-unit laundry hookups.

    View details
    All-Brick Fully Leased 12-Unit
    All-Brick Fully Leased 12-Unit

    1623 Portage Ave, Chesterton, IN 46304

    $1,775,000
    10,500 sqft

    All-brick, fully occupied 12-unit building features 2-bedroom and 1-bedroom apartments with separate utilities and on-site laundry.

    View details

    Valparaiso, IN Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Valparaiso, IN on our real estate platform. These investment opportunities span a total of 3,166 square feet of properties for sale, with an estimated market value of $484,992.

    Sale prices for two-family homes in Valparaiso, IN average $484,992 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 84K
    Population Growth (5Y) +3.5%
    Median Household Income $86,253
    College Educated 33.8%

    High-Yield Neighborhoods for Investment

    Identify Valparaiso submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46383 $917.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.98%
    Property Tax per SF $39.77 per SF
    Tax Rate vs County Average 0.20 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Porter County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Valparaiso fall within the 2,500 to 5,000 square foot range.

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    Featured Valparaiso Real Estate Agencies

    Realmo connects you with licensed Valparaiso CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Boulder Bay Realty Group
    2211 Roosevelt Road Valparaiso, IN 46383
    Phone: 12195316683
    www.boulderbayrealtygroup.com
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