Four-Unit
For Sale
$395,000
509 Union Street, Valparaiso, IN 46383
MULTI_FAMILY - Valparaiso, IN
Property SizeContact for details
Lot Size0.18 Acres
Days on Market59
Property Features for 509 Union Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
On Street, Off Street
Pets allowed
Yes
Basement
Unfinished
Appliances
Gas Range, Refrigerator
Subdivision
Johnsons Sub
Lot features
Front Yard
Directions
509 Union Street Valparaiso, IN 46383
Standard status
Active
APN
640924460007000004
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
JOHNSONS SUB OF BLK 18 OF WOODHULLS ADD LOTS 4 & 5
Tax Annual Amount
6558
Legal Description
JOHNSONS SUB OF BLK 18 OF WOODHULLS ADD LOTS 4 & 5
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Listing Agency:
Evolution Real Estate Solution
(219) 462-0141
Listed By:
Madison Jirtle
(219) 508-6541
Added: Jun 15
Changed: Aug 2
Last Checked: Aug 12 at 8:06AM
MLS# 840682
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential income property offers four separate units with a mix of layouts, supporting a range of tenant needs. The building was constructed in 1880 and includes basic in-unit appliances such as gas ranges and refrigerators. Hot water heating is provided, and the property has public water and public sewer service.
The property is located at 509 Union Street in Valparaiso, Indiana, in downtown. Parking is available with both off-street and on-street options, and the surrounding area is described as close to dining, shopping, and parks.
This setup can support both tenant occupancy goals and day-to-day owner use, depending on how the units are managed.
The property is located at 509 Union Street in Valparaiso, Indiana, in downtown. Parking is available with both off-street and on-street options, and the surrounding area is described as close to dining, shopping, and parks.
This setup can support both tenant occupancy goals and day-to-day owner use, depending on how the units are managed.
Key Highlights
- 0.18‑acre lot size
- Four separate residential units with mixed layouts
- Built in 1880
Property Analytics
Property Profile
Current Use
Lease Details
4
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate units in an 1880-built quadplex with public water and public sewer and off- and on-street parking.
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: 0.18‑acre lot size; Four separate residential units with mixed layouts; Built in 1880
