306 Jefferson Street Valparaiso, IN $ 479,900
306 Jefferson Street
$ 479,900
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306 Jefferson Street

Valparaiso, IN, 46383
$ 479,900
Bedrooms5 Baths4.0

Monthly Estimate*

$ 3,030

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Multi-Family Home for sale in Valparaiso, IN

for $479,900 with 5 bedrooms and 4 full baths. This home was built in 1879 on a lot size of 0.25.

LOCATION, LOCATION, LOCATION! A rare opportunity to own an income-producing property in the heart of downtown, just one block north of Lincolnway on Jefferson and steps from the exciting new Linc shopping and dining district. This distinctive historic two-story brick building offers incredible character, an unbeatable location, and multiple income streams. The property features four fully leased residential units, including three 1-bedroom apartments and one spacious 2-bedroom apartment. Each unit offers its own private entrance, providing added privacy and convenience for tenants. A welcoming front porch adds to the historic charm, while a concrete patio area at the rear provides additional outdoor living space. The largest unit also offers direct access to the garage area. What truly sets this investment apart is the RARE detached 7-unit garage, providing valuable additional rental income and a feature nearly impossible to find in a downtown location. The garage is conveniently accessed from the alley and features block construction with a flat roof. All residential units are currently leased, allowing for immediate income from day one, with additional potential to further maximize revenue. With its historic brick architecture, multiple rental units, exceptional garage income, and walkable location near downtown shopping, dining, entertainment, and Lincolnway, this is a truly unique investment opportunity. Properties offering this combination of location, established rental income, historic character, and 7 garage units rarely become available. Add this exceptional downtown property to your investment portfolio!

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Multi-Family Active

Price

$ 479,900

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,837

Style

Quadruplex

Lot Size

0.25

Year Built

1879

Town/City

Valparaiso

County/Region

Porter

MLS | Web ID

844115

Features
Interior
Interior Amenities Other
Fireplace Y/N N
Above Grade Finished Area 3798
Half Baths 0
3/4 Baths 0
Laundry Features Other
Total Bedrooms 5
Total Baths 4
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General
Sewer Public Sewer
Heating Baseboard
Appliances Dryer Washer Refrigerator Gas Range Dishwasher
Garage Spaces 7
Pets Allowed No
Year Built 1879
Township Center
Levels Two
Property Subtype Quadruplex
Tax Year 2025
Gross Income 4965
County Porter
New Construction N
Property Type Residential Income
Subdivision Name Valparaiso
Garage Y/N Y
Rent Includes Gas Water Trash Collection Sewer
Total Rooms 12
Full Baths 4
Status Active
Directions Lincolnway to lighted intersection of N Morgan. Go North on Morgan 1 block to Jefferson and turn right (E). Property is on right (S) side before you reach Valparaiso Street.
City Valparaiso
Lot Size Square Feet 10890
Listing Terms Cash Conventional
Tax Annual Amount 6837
Standard Status Active
Legal Description OS LOT 2 OUTLOT 3
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Exterior
Parking Features On Street Detached
Lot Features Front Yard Other
Water Source Public
Lot Size Acres 0.25
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Jodi Gheaja

Listing Agent

Realty Executives Premier

Broker

jodi@rexpremier.com

Email

Affordability Calculator

$3,600
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,030
Monthly Property Taxes
$570
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/21/2026$479,900 Listed Price

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306 Jefferson Street, Valparaiso, IN, 46383 is a Multi-Family Home for sale at $479,900 with a lot size of 0.25. 306 Jefferson Street has 5 bedrooms, 4.0 baths, and was built in 1879. The property's zip code is 46383 which is in Valparaiso, IN