507 Franklin Street, Valparaiso, IN 46383

Valparaiso
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: alessandra roeback
Office: bhhs executive realty
MLS#:836548
Source:Northwest Indiana AOR as distributed by MLS GRID
507 Franklin Street,Valparaiso, IN 46383
$385,000
  • 4 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Upcoming open houses
  • Sat, Apr 18
    10:00 am - 02:00 pm

Price summary

  • Price:$385,000

About this home

Excellent investment opportunity in the heart of downtown Valparaiso! This well-located duplex is within walking distance to the library, restaurants, and grocery stores, offering convenience and strong rental appeal. Each unit features 2 bedrooms, 1 full bath, and in-unit laundry, providing comfortable and functional living spaces for tenants or owners alike. The property also includes a detached 2-car garage for added value and storage. With strong potential to significantly increase rental income, this property is ideal for investors or owner-occupants. Live in one unit while generating income from the other--don't miss this versatile and income-producing opportunity!

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1977
  • Listing ID #:836548
  • Added:4 day(s) ago
  • Updated:April 09, 2026 at 07:20 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:8
  • Kitchen Description:Range, Refrigerator
  • Basement Description:No Basement

Structure and exterior

  • Year built:1977
  • Lot area:0.21 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$385,000
  • Tax amount:$3,605 (2024)

Features and amenities

  • Laundry features:Dryer, Washer

Parking

  • Garage:Yes
  • Garage spaces:2
Based on information submitted to the MLS GRID as of April 9, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

New listings near 507 Franklin Street