352-356 College Avenue, Valparaiso, IN 46383

$2,000,000
Property Type: Commercial Sale Square Footage: 16,800 Lot Size (sq. ft.): 28,314 Status: Closed
Current Price: $2,000,000 List Date: 10/28/2025 Last Modified: 1/02/2026

Overview

Description

· Executive Summary: College Square Apartments, located at 352-356 College Ave, Valparaiso, IN, consists of two 6-unit buildings totaling 12 spacious 4-bed/2-bath units averaging 1,400 sq ft each. Built in 1991 and totaling 16,800 sq ft on a 28,314 sq ft lot, the property has seen 11 of 12 units renovated within the past two years. Each unit features individual furnaces, AC units, and water heaters, with on-site coin laundry available. Situated within a short distance of Valparaiso University, this well-maintained property offers a strong investment opportunity.

Listing Details MLS# 829960

General Property Information

Number Of Units Total
12
Living Area
16800
Building Area Source
Assessor
Year Built
1991
Parking Total
24
Lot Size Acres
0.65
Lot Size Square Feet
28314
Lot Size Source
Assessor
Waterfront YN
No
Basement YN
No

Property Features

Building Features: Multi Tenant Business Type: Other Construction Materials: Vinyl Siding Cooling: Central Air Current Use: Multi-Family Electric: 100 Amp Service; 200+ Amp Service Exterior Features: None Heating: Forced Air; Natural Gas Listing Terms: Cash; Other Owner Pays: Common Area Maintenance; Sewer; Trash Collection; Water Parking Features: Paved Possession: Close Of Escrow; Negotiable; Subject To Tenant Rights Possible Use: Multi-Family Rail Availability: None Roof: Shingle Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: Electricity; Gas Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN
No
Original List Price
1997500
Property Sub Type
Multi Family
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
352-356
Street Name
College
Street Suffix
Avenue
County
Porter
State
IN
Postal Code
46383

Remarks and Miscellaneous

Public Remarks
· Executive Summary: College Square Apartments, located at 352-356 College Ave, Valparaiso, IN, consists of two 6-unit buildings totaling 12 spacious 4-bed/2-bath units averaging 1,400 sq ft each. Built in 1991 and totaling 16,800 sq ft on a 28,314 sq ft lot, the property has seen 11 of 12 units renovated within the past two years. Each unit features individual furnaces, AC units, and water heaters, with on-site coin laundry available. Situated within a short distance of Valparaiso University, this well-maintained property offers a strong investment opportunity.

Status Change Information

Major Change Timestamp
2026-01-02T21:05:59Z
Major Change Type
Status Change
Status Change Timestamp
2026-01-02
Offer Acceptance Date
2025-10-30
Close Date
2025-12-30
Close Price
2000000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
No

Showing Requirements

Showing Instructions
Please Use Showingtime

Location, Tax, and Legal

Tax Annual Amount
33190
Tax Year
2024
Tax Legal Description
WOODHULLS ADD LOTS 5-7 BLK 17 & VAC ALLEY E & W BTWN 6-7
Parcel Number
640924460008000004
Additional Parcels YN
No
Township
Center
Directions
Lincolnway, south on College to property

Construction Materials

Vinyl Siding
Yes

Cooling

Central Air
Yes

Electric

100 Amp Service
Yes
200+ Amp Service
Yes

Exterior Features

None
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Listing Terms

Cash
Yes
Other
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes
Subject To Tenant Rights
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

None
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Water Source

Public
Yes

Owner Pays

Common Area Maintenance
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Electricity
Yes
Gas
Yes

Current Use

Multi-Family
Yes

Possible Use

Multi-Family
Yes

Building Features

Multi Tenant
Yes

Business Type

Other
Yes

Rail Availability

None
Yes
Listing Office: Ellsbury Group
Last Updated: January - 02 - 2026
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