Four-Unit Residential Income
For Sale
Contact for pricing
509 Union Street, Valparaiso, IN 46383
Four separate rental units with mixed layouts in downtown Valparaiso.
Property SizeContact for details
Days on Market57
Property Features for 509 Union Street
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1880
Listing Agency:
Evolution Real Estate Solutions
(219) 508-6541
Listed By:
Ken Blaney · License #RB14050646
Source:
Crexi
Added: Jun 16
Changed: Aug 7
Last Checked: Aug 11 at 6:39PM
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 Evolution Real Estate Solutions
Investment Insights
Based on property information with market context.
This four-unit residential income property offers four separate units with a mix of layouts. The building configuration supports straightforward rental use, with each unit functioning as an individual residence.
The property is located at 509 Union Street in Valparaiso, close to downtown conveniences including dining, shopping, and parks. Access to these everyday amenities can be a practical advantage for renters looking for a walkable, local lifestyle.
For buyers, this asset can fit a range of residential income strategies, including hands-on ownership where you live and rent the remaining units. For tenants, the presence of multiple separate units with different layouts may provide flexibility in housing options within the same building. As a for-sale property, it’s positioned for those seeking a small multi-unit portfolio or an owner-occupied setup supported by consistent rental functionality across four units.
The property is located at 509 Union Street in Valparaiso, close to downtown conveniences including dining, shopping, and parks. Access to these everyday amenities can be a practical advantage for renters looking for a walkable, local lifestyle.
For buyers, this asset can fit a range of residential income strategies, including hands-on ownership where you live and rent the remaining units. For tenants, the presence of multiple separate units with different layouts may provide flexibility in housing options within the same building. As a for-sale property, it’s positioned for those seeking a small multi-unit portfolio or an owner-occupied setup supported by consistent rental functionality across four units.
Key Highlights
- Four‑unit residential income property with four separate rental units
- Mixed unit layouts for a broader range of tenant options
- Built in 1880
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate rental units with mixed layouts in downtown Valparaiso.
Where is this quadplex located?
The property is located at 509 Union Street Valparaiso, IN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four‑unit residential income property with four separate rental units; Mixed unit layouts for a broader range of tenant options; Built in 1880
