Valparaiso, IN 46383 507 Franklin Street

OPEN HOUSE Sun, May 31 2026 01:00 PM - 03:00 PM
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Presented By: Alessandra Roeback with BHHS Executive Realty - (219) 663-1986;
  • MLS# 839530
  • 05/26/2026
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  • Beds • 4
  • Baths • 2
  • Garage • 2

Home Details

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. Brand new roof installed, giving peace of mind to future owners and reducing major maintenance concerns. 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!
Presented By: Alessandra Roeback with BHHS Executive Realty - (219) 663-1986;

Interior Features for 507 Franklin Street

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1040
Fireplace Y/NNo
Interior AmenitiesOther
Laundry FeaturesLaundry Room

General for 507 Franklin Street

AppliancesDryer, Washer, Refrigerator, Range
CityValparaiso
CountyPorter
DirectionsFrom Lincolnway and Morgan turn North on Morgan turn west on Chicago turn North on Franklin to property on corner of Franklin and Walnut.
Full Baths2
Garage Spaces2
Garage Y/NYes
HOANo
HeatingForced Air, Natural Gas
High School DistrictValparaiso
Lease Considered Y/NNo
Legal DescriptionPOWELLS ADD LOT 46
LevelsTwo
Listing TermsCash, VA Loan, FHA, Conventional
Lot Size Square Feet9235
New ConstructionNo
OwnerPaysGrounds Care, Taxes, Snow Removal, Insurance
Pets AllowedNo
Property SubtypeDuplex
Property TypeResidential Income
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NamePowells Add
Tax Annual Amount6964.02
Tax Assessed Value303100
Tax Year2025
Total Rooms8
TownshipCenter
ViewNeighborhood
Year Built1977

Exterior for 507 Franklin Street

Lot FeaturesFront Yard
Lot Size Acres0.212
Lot Size SourceAssessor
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Madison Young

Price $368,000
MLS#839530
List Date 05/26/2026
Property Type Multi-Family
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