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$455,000
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Property Description
This rental property offers Four residential units in the high demand rental market of Valparaiso. This property is ideal for an investor seeking great cash flow with low maintenance needs & upside for rent increases.
Full Property Details
Full Property Details for 559 Locust St
General
- Sold For: $455,000
- Taxes: $7,488 (2023)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 826239
- Added to Site: 150 day(s) ago
Interior
- Interior Features: Other
- Appliances: Other
Exterior
- Exterior Features: Other
Location
- County: Porter
- Township: Center
- Subdivision: Smith Add
- Driving Directions: Driving north on I-65, take Exit Ramp going east on 30. After 14 miles, turn left on Washington st. After 1/4 mile turn right on brown st then a right on Locust st after 3 blocks. Property is on left in 1/4 mile.
Heating & Cooling
- Heating Type: Central
Structural Information
- Year Built: 1880
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Lot Features: Other
Financial Considerations
- Tax Amount: $7,488
- Tax Year: 2023
- Terms: Cash, Other, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: SMITH ADD LOT 7 BLK 4
- Property ID: 640925205005000004
Listed by Ellsbury Commercial Group LLC
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Schools
Schools serving 559 Locust St
School District:Valparaiso Community Schools
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Valparaiso, IN 653 Hayes Leonard Road, Valparaiso, IN 46385 | K-5 | 2.1 mi |
Benjamin Franklin Mid School 605 Campbell Street, Valparaiso, IN 46385 | 6-8 | 1 mi |
Valparaiso High School 2727 Campbell Street, Valparaiso, IN 46385 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 559 Locust St
Date
Details
Price
Change
Source
10/10/2025
Sold
$455,000
—
MLS
8/18/2025
Listed
$455,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
559 Locust Street, Valparaiso, IN 46383 (MLS# 826239) is a Multi-Family property that was sold at $455,000 on October 10, 2025. Want to learn more about 559 Locust 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.

