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$395,000

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
See This Home
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Don't miss this opportunity to own a four-unit residential income property offering immediate rental income and long-term appreciation potential. This multifamily property features four separate units with a mix of layouts, providing broad tenant appeal and stable occupancy. This property presents an excellent opportunity for both seasoned investors and owner-occupants looking to offset living expenses with rental income. Located in desirable downtown Valparaiso, the property is close to dining, shopping, parks, and so much more.

Full Property Details for 509 Union St

General

  • Price: $395,000
  • Taxes: $6,558 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: GNIAR
  • MLS ID: 840682
  • Updated: 7/17/2026
  • Added to Site: 74 day(s) ago

Interior

  • Interior Features: None
  • Appliances: Gas Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Parking

  • Parking Features: Gravel, Off Street, On Street

Location

  • County: Porter
  • Township: Center
  • Subdivision: Johnsons Sub
  • Driving Directions: 509 Union Street Valparaiso, IN 46383

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Heating Type: Hot Water

Structural Information

  • Year Built: 1880

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,841
  • Lot Features: Front Yard

Financial Considerations

  • Tax Amount: $6,558
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: JOHNSONS SUB OF BLK 18 OF WOODHULLS ADD LOTS 4 & 5
  • Property ID: 640924460007000004

Listed by Evolution Real Estate Solution

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Listing agents

— 509 Union St —

  • Evolution Real Estate Solution

  • Evolution Real Estate Solution

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 509 Union St

School District:Valparaiso Community Schools
NameGradesDistance
Central Elementary School, Valparaiso, IN
653 Hayes Leonard Road, Valparaiso, IN 46385
K-52.1 mi
Benjamin Franklin Mid School
605 Campbell Street, Valparaiso, IN 46385
6-80.9 mi
Valparaiso High School
2727 Campbell Street, Valparaiso, IN 46385
9-122.1 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 509 Union St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/17/2026
Price Reduced
$395,000
-2.47%
MLS
6/15/2026
Listed
$405,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 509 Union St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,160
-7%
$264,500
-2%
2024
$6,638
11%
$271,100
13%
2023
$5,958
9%
$239,800
9%
2022
$5,473
12%
$219,000
17%
2021
$4,873
8%
$187,900
10%
2020
$4,510
4%
$170,900
5%
2019
$4,345
3%
$162,400
3%
2018
$4,204
1%
$157,100
1%
2017
$4,148
—
$155,100
3%
2017
$4,148
11%
$150,800
6%
2016
$3,724
4%
$142,700
1%
2015
$3,566
2%
$141,100
9%
2013
$3,492
—
$129,400
—
2012
$3,492
—
$129,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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509 Union Street, Valparaiso, IN 46383 (MLS# 840682) is a Multi-Family property with units containing 5 bedrooms and 4 full bathrooms. 509 Union Street is currently listed for $395,000 and was received on June 15, 2026. Want to learn more about 509 Union 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.

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