202 Morgan Boulevard Valparaiso, IN 46383

Multi-Family (2-4 Units) MLS #: 816360 Courtesy Of DOUBLE DIAMOND REAL ESTATE, LLC

$425,000

6 beds | 3 baths
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Est. Property Tax: $7,616
Estimated monthly payments: $2,492/mo.* (recalculate)

Property InformationDescription

Prime Downtown Valparaiso Investment Opportunity!An absolute gem in the heart of downtown Valparaiso! This versatile multi-unit property offers incredible potential--currently set up as a three-unit building, it could possibly be converted into a spacious single-family home. Unbeatable Location - Steps from the city's best restaurants, wineries, shopping, and entertainment! Major Updates - Brand new boiler, hot water heater, sewer line, and basement plumbing for peace of mind. Recent Upgrades - Deck refinished in 2024, flooring refinished in 2025, adding modern charm and value. Endless Possibilities - Live in one unit and rent the others, keep it as an income-producing investment, or transform it into your dream home! Ideal for Entertaining - This home boasts a unique basement bar, salvaged from the historic Old Style Inn after the downtown fire of 1952, adding a touch of character and history. It also features a fully functional multi-sink wet bar, perfect for hosting guests. Enjoy a prime view of the Popcorn Festival Parade right from your front porch! Ample Storage & Parking - Includes a two-car garage with loft storage, offering extra space for all your needs.Opportunities like this don't last long--schedule your showing today!

Features

  • Age: Over 50 Years Old
  • Amenities: Ceiling Fan
  • Appliances: Dryer, Range, Refrigerator
  • Architecture Style: Other
  • Fireplace: Fireplace
  • Heating System: Fireplace, Forced Air
  • Lot Size: 0.18 Acres
  • Rooms: Basement

MAP & DIRECTIONS

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202 Morgan Boulevard, Valparaiso, IN 46383
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School Information

202 Morgan Boulevard, Valparaiso, IN 46383

Elementary School
Grades KG-5 | Public School
CENTRAL ELEMENTARY SCHOOL
Valparaiso, IN 46385
653 Hayes Leonard Rd
219.­531.3030
Distance: 0.2 mi
School Rating
A-
Student:Teacher Ratio
12:1
Total Students
137
Middle School
Grades 6-8 | Public School
BENJAMIN FRANKLIN MIDDLE SCHOOL
Valparaiso, IN 46385
605 Campbell St
219.­531.3020
Distance: 0.5 mi
School Rating
A-
Student:Teacher Ratio
17:1
Total Students
812
High School
Grades 9-12 | Public School
VALPARAISO HIGH SCHOOL
Valparaiso, IN 46385
2727 Campbell St
219.­531.3070
Distance: 1.7 mi
School Rating
A
Student:Teacher Ratio
21:1
Total Students
2047
Other Nearby Schools Distance Type Grades School Rating
Porter County Career Center 0.5 mi Public KG-12
Parkview Elementary School 0.7 mi Public KG-5 B
Memorial Elementary School 0.9 mi Public KG-5 A
Northview Elementary School 1.0 mi Public KG-5 B
Thomas Jefferson Middle School 1.1 mi Public 6-8 B+
Thomas Jefferson Elementary School 1.1 mi Public KG-5 A
Immanuel Lutheran School 1.4 mi Private PK-8
Montessori Academy Of Valparaiso 1.4 mi Private PK-KG
St Paul Catholic School 1.6 mi Private PK-8
Heavilin Elementary School 1.9 mi Public KG-5 B
Cooks Corners Elementary School 2.1 mi Public KG-5 A-
Porter County Education Services 2.2 mi Public KG-12
Victory Christian Academy, Inc 2.3 mi Private PK-12
Flint Lake Elementary School 2.6 mi Public KG-5 B-
Victory Christian Academy 2.9 mi Private PK-12
Washington Township Middle/high School 3.4 mi Public 6-12 A+
Washington Township Elementary School 3.5 mi Public KG-5 B-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Valparaiso, IN 46383

Median Age: 38.8
Married: 47%
Number of Households: 15,933
Households with Children: 28%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.