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31824882
31824883

212 Logan St, Valparaiso, IN 46385 For Sale

AS
IL 475173833
Horvath & Tremblay
Listed by Horvath & Tremblay
$585,000
88 days on market
Updated 76 days ago

212 Logan St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,000
Net Rentable (SqFt) 3,500
Units 4
Cap Rate 6.76%
NOI $39,553
Occupancy 100%
Year Built 1981
Buildings 1
Stories 2
Acreage 0.320
Parking Spaces 8 spaces
Parking per 1,000 SqFt 2.00
Ownership Fee Simple

Multifamily | 4 Units | $146,250/unit

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 212 Logan Street in Valparaiso, IN (the “Property”). The two-story building contains four (4) 2-Bedroom/1-Bathroom units with 3,500 square feet of gross living area and 4,000 square feet of gross area. The Property is situated on a 0.32-acre parcel and offers ample parking with eight (8) spaces available.

212 Logan Street is centrally located near downtown Valparaiso, providing convenient access to local amenities, dining, and retail destinations. The Property benefits from excellent connectivity to major roadways and surrounding neighborhoods, supporting both tenant convenience and long-term investment appeal.

Investment highlights

ACCESS & CONNECTIVITY

The Property is served by the V-Line city bus system, which operates multiple routes linking key Valparaiso destinations such as shopping centers, Valparaiso University, downtown, and area neighborhoods. These routes also include a connection to the Dune Park South Shore commuter rail station, enabling easy travel beyond city limits. For motorists, Logan Street provides convenient links to US-30 and IN-49, which in turn grant quick access to Interstate 80/94, the principal east-west highway connecting Northwest Indiana to the Chicago metropolitan area. Regional connectivity is further enhanced by the ChicaGO Dash express commuter bus, offering weekday service between downtown Valparaiso and downtown Chicago.

AREA AMENITIES & DEMAND DRIVERS

Within minutes of the Property are standout area attractions such as the Gabis Arboretum at Purdue Northwest, Central Park Plaza, Brauer Museum of Art, Memorial Opera House, and Zao Island, which collectively offer nature trails, art exhibits, live performances, family entertainment, and outdoor recreation for all ages. The city's abundant green spaces, including Rogers-Lakewood Park and Sunset Hill Farm, further enhance the community’s lifestyle with walking trails, sports fields, summer music events, and playgrounds.

Residents at 212 Logan St are immersed in Valparaiso’s active cultural and event calendar, anchored by annual and seasonal happenings such as the World Cultural Festival each August at Central Park Plaza, which showcases live music, international cuisine, and diverse cultural performances from the broader Northwest Indiana region. Other notable events include holiday tree lighting, caroling, outdoor roller skating and ice skating at Central Park Plaza, local farmers’ markets, yoga classes, and themed workshops at area bakeries and coffee houses.

NEARBY HIGHER EDUCATION & EMPLOYMENT HUBS

Key housing demand in the area is driven by Valparaiso University’s presence, attracting students, faculty, and visiting families, as well as a stable employment base supported by ongoing city improvements. The location also benefits from convenient access to retail, dining, and daily amenities, all within a short walk or drive of Logan Street.

The university draws a steady influx of undergraduates, graduate students, and academic professionals, many of whom seek housing near campus, but also bolsters demand from visiting scholars and staff throughout the academic year.

Nearby employment hubs further amplify residential demand and include major healthcare providers such as Northwest Health – Porter hospital, regional offices of health networks, and clinical facilities. The Valparaiso downtown corridor, less than a mile from Logan Street, hosts a concentration of law firms, banks, tech startups, and professional service companies, adding a dynamic range of job opportunities within quick commuting distance.

SEPARATELY METERED UTILITIES

The tenants are responsible for all utilities. This includes individual gas powered hot water heaters, individual gas furnace powered heating, separately metered electricity, and city water and sewer.

OFF-STREET PARKING & AMENITIES

The Property offers ample off-street parking with eight (8) spaces available.

The Property offers a private patio or deck in each unit. One of the two decking systems has recently been replaced.

Each unit features washer and dryer hookups, an added amenity for tenants to be able to do their laundry in-house.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 42,000 people live within 3 miles of the Property with an average household income of $110,445. Over 64,500 people reside within 5 miles of the Property with an average household income of $122,360.

QUALITY OF LIFE AMENITIES

For food lovers, downtown Valparaiso is home to Radius-Valpo, famous for its burgers and lively atmosphere, alongside celebrated eateries like Stacks, which serves refined comfort fare. Diverse culinary experiences include Don Quijote for authentic Spanish cuisine, Lincoln Flats for classic American dining, Meditrina offering Mediterranean specialties, and Blackbird Café for breakfast, coffee, and casual bites.

Retail choices are plentiful, with boutique shops lining the historic downtown district, unique gift stores, and national chains like Applebee’s, Red Robin, Chili’s, and Panera Bread all located nearby for everyday convenience. The close proximity to Central Park Plaza and surrounding commercial corridors ensures residents have quick access to specialty markets, grocery stores, and shopping destinations suitable for all lifestyles.

City-sponsored infrastructure upgrades, active commercial districts with numerous restaurants, breweries, and shopping venues, highly rated parks, and strong healthcare services all contribute to sustained growth and rising home values in the area.

Listing Contacts

AS
IL 475173833
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$39,553.00
$3,296.08/mo

Valuation Metrics

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DSCR
6.76%
Cap Rate
6.76%
ROI

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