# 507 Franklin Street, Valparaiso, IN 46383

> **TL;DR:** 4bd/2ba residential multi family, $368,000, built 1977. Est. $1,595/mo. Listed 6 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $368,000 |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Year Built | 1977 |
| Lot Size | 9,235 sqft (0.21 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 6 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,595 |
| **Total** | **$1,595** |

## Property Highlights

- Built in 1977
- 0.21 acre lot
- 2 stories

## Description

### Agent 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!

## Location

- **Address:** 507 Franklin Street, Valparaiso, IN 46383
- **County:** Porter
- **Neighborhood:** Powells Add
- **Coordinates:** 41.472936, -87.060081
- **Google Maps:** https://www.google.com/maps?q=41.472936,-87.060081

## Listing Agent

- **Name:** Alessandra Roeback
- **Brokerage:** BHHS Executive Realty
- **Phone:** 7088008813
- **Email:** ale.roeback@gmail.com

## Primary Photo

![507 Franklin Street - Primary Photo](http://lh.rdcpix.com/dbd5ceca73e4b7f98c8eed03e0133325l-f59875065r.jpg)

*29 total photos available on [listing page](https://www.propertysimple.com/listing/507-franklin-street-valparaiso-in-46383-n839530)*

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**MLS#:** 839530 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/507-franklin-street-valparaiso-in-46383-n839530)

---

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