Date
Details
Price
Change
Source
10/06/2026
Listed
$459,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/26
$459,000 Just Listed
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1/26
Property Description
Prime Valparaiso investment opportunity! Own a fully occupied, turnkey 3-unit rental property within easy walking distance to vibrant downtown Valpo. This meticulously maintained property offers immediate cash flow with great, reliable tenants already in place. You will save big on future maintenance costs thanks to newer, individual high-efficiency HVAC systems for each unit. The property also features excellent ways to increase your rental income. A 1.5-car garage and a partially finished basement with laundry hookups are currently unused by the tenants. You can easily turn these spaces into extra revenue by adding coin-operated laundry or renting out the garage for storage. With an unbeatable downtown location and low-maintenance upkeep, this 3 unit rental property is a perfect addition to your portfolio. Schedule your investor tour today!
Full Property Details
Full Property Details for 401 Morgan Blvd
General
- Price: $459,000
- Taxes: $7,192 (2025)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 846417
- Updated: 10/6/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Eat-in Kitchen
- Appliances: Range, Refrigerator
Parking
- Garage Spaces: 1.5
- Parking Features: Driveway, On Street
Location
- County: Porter
- Township: Center
- Subdivision: North Valparaiso
- Driving Directions: Home is on the corner of Morgan Blvd and institute.
School Information
- High School District: Valparaiso
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Lot Features: Back Yard, Front Yard, Corner Lot
Financial Considerations
- Tax Amount: $7,192
- Tax Year: 2025
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: NORTH VALPO E1/2 LT 8 BLK 6
- Property ID: 640924187011000004
Listed by Coldwell Banker Real Estate Gr
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Listing agent
— 401 Morgan Blvd —
Coldwell Banker Real Estate Gr
NMLS#: 1598647
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Schools
Schools serving 401 Morgan Blvd
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 | 0.5 mi |
Valparaiso High School 2727 Campbell Street, Valparaiso, IN 46385 | 9-12 | 1.6 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 401 Morgan Blvd
Tax History
Tax History for 401 Morgan Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,844
—
$312,900
-3%
2024
$7,844
11%
$321,800
13%
2023
$7,039
10%
$284,700
10%
2022
$6,413
13%
$258,000
18%
2021
$5,654
8%
$219,300
10%
2020
$5,229
4%
$199,400
6%
2019
$5,011
6%
$188,500
6%
2018
$4,731
2%
$177,900
1%
2017
$4,658
—
$175,300
6%
2017
$4,658
15%
$165,600
6%
2016
$4,062
4%
$156,800
—
2015
$3,890
2%
$156,200
10%
2013
$3,821
—
$141,600
—
2012
$3,821
—
$141,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 401 Morgan Blvd
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- Updated 11 days ago
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Sold by VIA Realty
401 Morgan Boulevard, Valparaiso, IN 46383 (MLS# 846417) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 401 Morgan Boulevard is currently listed for $459,000 and was received on October 06, 2026. Want to learn more about 401 Morgan Boulevard? 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.