Listing Agency: Ellsbury Group

Listed By: Andy Page · License #475204625

Source: Crexi

Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 12:20AM

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Investment Insights

Based on property information with market context.

This apartment building contains seven residential units and is operated as a rental property. The asset is located at 456 Locust St in Valparaiso, Indiana, providing a clearly identified multifamily property for sale.

The property is positioned within Valparaiso’s residential rental market and offers a seven-unit configuration for multifamily ownership. Specific building systems, unit layouts, tenancy details, and site features are not described.

Key Highlights

• Seven residential units
• Located at 456 Locust St in Valparaiso, IN 46383

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service Florist Tanning Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Location Intelligence

Trade Area within ½ mile

1,749

Businesses Nearby

Explore this area Business Placement

Demographics for 46383, IN

41,981

Population

18,343

Households

2.3

Avg Household Size

39

Median Age

38%

College-Educated

95%

High-School Grad

87.5 sq mi

ZIP Area

480

Density / Sq Mi

$75,575

Median Household Income

$43,065

Median Earnings

$1,144

Median Rent

$258,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multi-unit residential asset currently operated as a rental property in Valparaiso.

Where is this apartment building located?

The property is located at 456 Locust St Valparaiso, IN.

What are key features of this property?

This property features: Seven residential units; Located at 456 Locust St in Valparaiso, IN 46383