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Listing provided courtesy of Evolution Real Estate SolutionNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 840682MLS Provider

509 Union StreetValparaiso, IN 46383

Multi-Family · 5 Beds · 4 Full Baths · 0.18 Acres
$405,000 Active

509 Union Street Overview

Time on Site:
14 days
Visits:
0

Don't miss this opportunity to own a four-unit residential income property offering immediate rental income and long-term appreciation potential. This multifamily property features four separate units with a mix of layouts, providing broad tenant appeal and stable occupancy. This property presents an excellent opportunity for both seasoned investors and owner-occupants looking to offset living expenses with rental income. Located in desirable downtown Valparaiso, the property is close to dining, shopping, parks, and so much more.

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509 Union Street Facts & Features

  • Type Multi-Family
  • Lot 0.18 Acres

Details

General

Association/HOA

  • Association: false

Building Information

  • New Construction: false
  • Year Built: 1880

Location/Region

  • County Or Parish: Porter
  • Subdivision Name: Johnsons Sub
  • Township: Center

Rent/Lease Information

  • Rent Includes: All Utilities

Tax Information

  • Tax Annual Amount: 6558
  • Tax Assessed Value: 271100
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 640924460007000004
  • Pets Allowed: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Total: 4
  • Bedrooms Total: 5

Building Interior

  • Above Grade Finished Area: 2420

General Information

  • Appliances: Gas Range,Refrigerator
  • Basement: Unfinished
  • Fireplace: false
  • Heating: Hot Water
  • Interior Features: None
  • Levels: Two

Exterior

Parking Information

  • Parking Features: Gravel,Off Street,On Street

Lot Information

  • Lot Features: Front Yard
  • Lot Size Acres: 0.18
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7841
  • Water Source: Public

Waterfront/View

  • Waterfront: false

General Information

  • Pool Features: None
  • Sewer: Public Sewer

509 Union Street Neighborhood

Community

46383 (Valparaiso) Demographics

37
Median Age
472
Population Density (per sq. mile)
47%
College Educated
$63,220
Estimated Median Income
10,028
Estimated Total Home Owners
6,383
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

509 Union Street Monthly Cost

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$ %
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$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

509 Union Street Market Data

Based on the last 30 days in this zip code

$431,396
Average List Price
$107
Average Price per Square Foot
55
Properties Sold
73
Average Days on Market
159
Properties for Sale
Calculations provided by Reliance Network

509 Union Street History

Date Event Value Agent
6/15/2026Source: Northwest Indiana MLS Added to Database
June 15, 2026