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$505,000
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Property Description
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!
Full Property Details
Full Property Details for 306 Jefferson St
General
- Sold For: $505,000
- Taxes: $6,837 (2025)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 844115
- Added to Site: 53 day(s) ago
Interior
- Number of Rooms: 12
- Interior Features: Other
- Appliances: Dryer, Washer, Refrigerator, Gas Range, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Parking
- Garage Spaces: 7
- Parking Features: On Street, Detached
Location
- County: Porter
- Township: Center
- Subdivision: Valparaiso
- Driving 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.
Heating & Cooling
- Heating Type: Baseboard
Structural Information
- Year Built: 1879
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Lot Features: Front Yard, Other
Financial Considerations
- Tax Amount: $6,837
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: OS LOT 2 OUTLOT 3
- Property ID: 640924341003000004
Listed by Realty Executives Premier
Sold by VIA Realty
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Schools
Schools serving 306 Jefferson St
School District:Valparaiso Community Schools
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Valparaiso, IN 653 Hayes Leonard Road, Valparaiso, IN 46385 | K-5 | 2 mi |
Benjamin Franklin Mid School 605 Campbell Street, Valparaiso, IN 46385 | 6-8 | 0.6 mi |
Valparaiso High School 2727 Campbell Street, Valparaiso, IN 46385 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 306 Jefferson St
Date
Details
Price
Change
Source
9/30/2026
Sold
$505,000
5.23%
MLS
8/20/2026
Listed
$479,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
306 Jefferson Street, Valparaiso, IN 46383 (MLS# 844115) is a Multi-Family property that was sold at $505,000 on September 30, 2026. Want to learn more about 306 Jefferson Street? Do you have questions about finding other Multi-Family real estate for sale in Valparaiso? You can browse all Valparaiso real estate or contact a Coldwell Banker agent to request more information.

