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Two-Unit Duplex with Garage
For Sale
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507 Franklin Street, Valparaiso, IN 46383

Both residences include in-unit laundry and a full bathroom.

Property SizeContact for details
Days on Market137

Property Features for 507 Franklin Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multifamily

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

in-unit laundry

Building Details

Year Built 1977
Listing Agency: BHHS Executive Realty
Listed By: Alessandra Roeback · License #475195711
Source: Crexi
Added: Apr 19 Changed: Sep 2 Last Checked: Sep 1 at 7:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Executive Realty

Investment Insights

Based on property information with market context.

This duplex, built in 1977, contains two separate residences, each with two bedrooms, one full bathroom, and in-unit laundry. A detached garage with space for two vehicles provides additional storage and parking capacity.

The property is located on Franklin Street in downtown Valparaiso, within walking distance of the public library, restaurants, and grocery stores. Its two-unit layout accommodates separate households while retaining a shared site and detached garage.

Key Highlights

  • Two‑unit duplex built in 1977
  • Each unit has 2 bedrooms and 1 full bath
  • In‑unit laundry included in both residences

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Garden Center Locksmith Catering Service (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,678
Businesses Nearby

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?
Duplex - Both residences include in-unit laundry and a full bathroom.
Where is this duplex located?
The property is located at 507 Franklin Street Valparaiso, IN.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1977; Each unit has 2 bedrooms and 1 full bath; In‑unit laundry included in both residences
(708) 800-8813 Call to check price and availability
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