254 Locust Street

Turn-key downtown Valparaiso duplex, ideal for living in one unit and renting out the other, or for adding to your investment portfolio. Just a few minutes' walk to Valparaiso University and downtown restaurants and shops. Originally a single-family home, this property was converted into two rental units, and both units were completely gutted and remodeled (upper unit in 2010, main level in 2001). Each unit has 2 bedrooms, 1 bath, a washer/dryer, and a private deck. The upper unit is currently vacant, so you can move right in or rent it out. It includes a 12x28 bonus room that works well as a third bedroom, home office, or family room, plus an AC that is only 4 years old. The main-level unit is leased through May 31, 2027, and includes an enclosed porch with a storage room, plus an AC and furnace that are both just 2 years old. Gas and electric are separately metered and paid by tenants, and the owner covers water, sewer, and trash. Outside, enjoy a welcoming front porch, a nicely landscaped yard, two parking spaces, a detached garage perfect for storage or a workshop (with 220V available), and a storage shed. The original Locust Street bricks line the back walkway. The location is very convenient, with walkable access to campus, dining, and shopping, and the property is in the Valparaiso Community Schools district. Live in one unit, let the other help cover your costs, and build equity from day one. Or rent out both units!