507 Franklin Street, Valparaiso, IN 46383

• 4 beds |
• 2 baths

Property Description

Excellent investment opportunity in the heart of downtown Valparaiso! This well-located duplex is within walking distance to the library, restaurants, and grocery stores, offering convenience and strong rental appeal. Each unit features 2 bedrooms, 1 full bath, and in-unit laundry, providing comfortable and functional living spaces for tenants or owners alike. The property also includes a detached 2-car garage for added value and storage. Brand new roof installed, giving peace of mind to future owners and reducing major maintenance concerns. With strong potential to significantly increase rental income, this property is ideal for investors or owner-occupants. Live in one unit while generating income from the other -- don't miss this versatile and income-producing opportunity!

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 4:21AM

Listing Office:

BHHS Executive Realty : (219) 663-1986

Listing Agent:

Alessandra Roeback :

MLS ID:

837353

Interior

• General: Other
• Appliances: DryerWasherRefrigeratorRange
• Heating: Forced AirNatural Gas

Construction

• General: Two

Location

• Originating MLS: nira
• School District: Valparaiso
• County: Porter

Lot

• Zoning: POWELLS ADD LOT 46640924181007000004
• View: Neighborhood

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira