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306 Jefferson Street, 
Valparaiso, IN 46383

$479,900


5

Beds


4

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Jodi Gheaja

Realty Executives Premier

219-462-2224

Last updated:

August 23, 2026, 02:53 PM

MLS#

844115

Source:

Northwest Indiana AOR as distributed by MLS GRID

About This Home

306 Jefferson Street

LOCATION, LOCATION, LOCATION! A rare opportunity to own an income-producing property in the heart of downtown, just one block north of Lincolnway on Jefferson and steps from the exciting new Linc shopping and dining district. This distinctive historic two-story brick building offers incredible character, an unbeatable location, and multiple income streams. The property features four fully leased residential units, including three 1-bedroom apartments and one spacious 2-bedroom apartment. Each unit offers its own private entrance, providing added privacy and convenience for tenants. A welcoming front porch adds to the historic charm, while a concrete patio area at the rear provides additional outdoor living space. The largest unit also offers direct access to the garage area. What truly sets this investment apart is the RARE detached 7-unit garage, providing valuable additional rental income and a feature nearly impossible to find in a downtown location. The garage is conveniently accessed from the alley and features block construction with a flat roof. All residential units are currently leased, allowing for immediate income from day one, with additional potential to further maximize revenue. With its historic brick architecture, multiple rental units, exceptional garage income, and walkable location near downtown shopping, dining, entertainment, and Lincolnway, this is a truly unique investment opportunity. Properties offering this combination of location, established rental income, historic character, and 7 garage units rarely become available. Add this exceptional downtown property to your investment portfolio!

Home Facts

Multi-Family

4 Baths

5 Bedrooms

Built in 1879

Subdivision & Development:

Valparaiso

Price Summary

479,900

MLS #:

844115

Last Updated:

August 23, 2026, 02:53 PM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1879


Lot

Lot Size (Sq. Ft):

10,890


Finances & Disclosures

Finances

Price:

$479,900

Source:Northwest Indiana AOR as distributed by MLS GRID
Based on information submitted to the MLS GRID as of August 23, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.