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!
Closed
$450,000
202 Morgan Blvd, Valparaiso, IN 46383
6beds
--sqft
Triplex
Built in 1861
-- sqft lot
$451,700 Zestimate®
$--/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: March 22, 2025 at 05:20pm
Listed by:
Jennifer Ward,
Double Diamond Real Estate LLC 219-462-6900,
Nicole Williamson,
Double Diamond Real Estate LLC
Bought with:
Giorgios Karayannis, RB18001251
@properties/Christie's Intl RE
Source: NIRA,MLS#: 816360

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Appliances
- Included: Dryer, Washer, Refrigerator, Range
Features
- Built-in Features, Eat-in Kitchen, Ceiling Fan(s)
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Finished area above ground: 2,668
Property
Parking
- Total spaces: 5
- Parking features: Detached, Shared Driveway, Driveway
- Garage spaces: 2.5
- Has uncovered spaces: Yes
Features
- Levels: Two
- Exterior features: Private Entrance
- Has view: Yes
- View description: City, Neighborhood, Downtown
Lot
- Size: 7,666 sqft
- Features: Back Yard
Details
- Parcel number: 640924333007000004
- Special conditions: Agent Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1861
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Community & neighborhood
Community
- Community features: Restaurant, Street Lights, Sidewalks
Location
- Region: Valparaiso
- Subdivision: Valparaiso
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Services availability

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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$451,700
2% more+ $9,034
With Zillow Showcase(estimated)
$460,734