Valparaiso, IN 46383 308 Brown Street

$315,000

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Presented By: Melissa Andress with Listing Leaders Northwest - (219) 961-5478;
  • MLS# 841940
  • 07/08/2026
  • Get pre-approved
  • Request Tour
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  • Beds • 4
  • Baths • 2

Home Details

Fantastic investment opportunity in the heart of Downtown Valparaiso! This fully occupied duplex generates 32,400 in annual gross rental income and has a strong rental history. The upper unit is leased through the end of August, offering a great opportunity for an owner-occupant looking to house hack while maintaining rental income. Conveniently located just minutes from downtown shops, restaurants, parks, and Valparaiso University, this is an excellent addition to any investment portfolio.
Presented By: Melissa Andress with Listing Leaders Northwest - (219) 961-5478;

Interior Features for 308 Brown Street

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area2640
Fireplace Y/NNo
Interior AmenitiesCeiling Fan(s), Country Kitchen, Soaking Tub, Pantry, Eat-in Kitchen, Crown Molding
Laundry FeaturesGas Dryer Hookup, Washer Hookup, Sink, Laundry Room, Lower Level
Window FeaturesAluminum Frames, Wood Frames

General for 308 Brown Street

AppliancesDryer, Washer, Stainless Steel Appliance(s), Refrigerator, Gas Water Heater, Gas Range, Freezer
CityValparaiso
CountyPorter
DirectionsLincolnway to Valparaiso St. South to Brown St. Property is on SW corner of the intersection.
Full Baths2
Garage Y/NNo
Gross Income32400
HOANo
HeatingHot Water
Lease Considered Y/NNo
Legal DescriptionO S N66 E60 OUTLOT 7
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet3964
New ConstructionNo
OwnerPaysCommon Area Maintenance, Water, Taxes, Snow Removal, Roof Maintenance, Repairs, Pest Control, Management, Insurance, HVAC Maintenance, Grounds Care, Exterior Maintenance
Patio/Porch FeaturesFront Porch
Pets AllowedYes
Property SubtypeDuplex
Property TypeResidential Income
Rent IncludesManagement, Water, Trash Collection, Sewer
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameValparaiso
Tax Annual Amount6804
Tax Year2024
Total Rooms10
TownshipCenter
UtilitiesCable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
ViewNeighborhood
Year Built1920

Exterior for 308 Brown Street

Exterior AmenitiesStorage
Lot FeaturesCorner Lot, Landscaped
Lot Size Acres0.091
Lot Size SourceAssessor
Parking FeaturesConcrete, Off Street
Total Parking3
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Diana & Shawn Franz

Price $315,000
MLS#841940
List Date 07/08/2026
Property Type Multi-Family
Phone (312) 868-2819
Get pre-approved
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