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Two-Story Duplex with Garage
For Sale
$375,000

704 Lincolnway, Valparaiso, IN 46383

Residential Income, Valparaiso, IN

Property SizeContact for details
Lot Size0.16 Acres
Days on Market504

Property Features for 704 Lincolnway

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Mixed Use
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Basement, Bathroom 1
Parking 4
Parking features On Street, Alley
Pets allowed Yes
Interior features Entrance Foyer, Walk-In Closet(s), Kitchen Island, Granite Counters
Exterior features Private Yard
Basement Unfinished
Appliances Dishwasher, Refrigerator, Gas Water Heater, Gas Range
Subdivision Dewolfs Sub
Lot features Back Yard, Landscaped, Front Yard
Elementary school district Valparaiso
Middle school district Valparaiso
High school district Valparaiso
Directions Next to 7-11 on Lincolnway Street parking in front of home or around back in addt'l parking area behind home.
Standard status Active
APN 640924420002000004
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description DEWOLFS SUB WOODHULLS ADD LOT 7 BLK 32
Tax Annual Amount 6635
Legal Description DEWOLFS SUB WOODHULLS ADD LOT 7 BLK 32

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air
Water source Public

Amenities

oversized 2 car garage

Building Details

Year built 1890
Floors in Building 2
Listing Agency: McColly Real Estate
Listed By: Wendy Van Denburgh
Added: Apr 7, 2025 Changed: Aug 22 Last Checked: Aug 23 at 3:06AM
MLS# 818684

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 two-story duplex was built in 1890 and contains a two-bedroom unit on each floor. Interior features include granite counters, a kitchen island, walk-in closets, and an entrance foyer, with public water and public sewer serving the property. A basement, forced-air heating, gas ranges, refrigerators, and dishwashers are also included.

The 0.164-acre property is located near Valparaiso University and downtown Valparaiso at 704 Lincolnway in Valparaiso, Indiana. R/T zoning allows residential, mixed-use, commercial, and professional applications. Parking includes an oversized two-car garage, private rear parking, alley access, and on-street spaces. The building was previously operated as an Airbnb.

Key Highlights

  • Two‑story duplex with a 2‑bedroom unit on each floor
  • Oversized 2‑car garage plus private rear parking
  • 0.164 acres at 704 Lincolnway, Valparaiso, IN 46383

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Locksmith Grocery & Convenience Store Catering Service Florist Electrical Service

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

Location Intelligence

Trade Area within ½ mile

1,629
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 - R/T zoning supports residential, mixed-use, and commercial or professional use options.
Where is this duplex located?
The property is located at 704 Lincolnway Valparaiso, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑story duplex with a 2‑bedroom unit on each floor; Oversized 2‑car garage plus private rear parking; 0.164 acres at 704 Lincolnway, Valparaiso, IN 46383
More about this property
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