# 507 Franklin Street, Valparaiso, IN 46383

> **TL;DR:** 4bd/2ba residential multi family, $385,000, built 1977. Est. $1,668/mo. Listed 14 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $385,000 |
| 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 | 14 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,668 |
| **Total** | **$1,668** |

## 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. 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/8b2ec7c7e70a09a10383e591956fc70dl-f59875065r.jpg)

*29 total photos available on [listing page](https://www.propertysimple.com/listing/507-franklin-street-valparaiso-in-46383-n836548)*

---

**MLS#:** 836548 | **Updated:** 2026-04-24
**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-n836548)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "507 Franklin Street, Valparaiso, IN 46383",
  "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. With strong potential to significantly increase rental in",
  "url": "https://www.propertysimple.com/listing/507-franklin-street-valparaiso-in-46383-n836548",
  "image": "http://lh.rdcpix.com/8b2ec7c7e70a09a10383e591956fc70dl-f59875065r.jpg",
  "datePosted": "2026-04-24",
  "price": 385000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "507 Franklin Street",
    "addressLocality": "Valparaiso",
    "addressRegion": "IN",
    "postalCode": "46383",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 41.472936,
    "longitude": -87.060081
  },
  "numberOfRooms": 4,
  "numberOfBathroomsTotal": 2,
  "yearBuilt": 1977
}
```