USAINValparaisoSmiths Add551 Locust St
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$210,000

For Sale

A month ago

551 Locust St, Valparaiso, IN

House

MLS® 845058

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage 
Taxes $946
Days Active 28
Lot Size 0.17 Acres
Approx. Age 
MLS® Number 845058

Property Address: 551 Locust St, Valparaiso, IN, 46383

Average square foot calculated using Size range provided by listing agent.

Description

Prime RT-Zoned Lot Near Valparaiso University -- Build Your Vision Rare opportunity in the heart of Valparaiso: a 66' x 112' (7, 392 sq ft) lot just steps from Valparaiso University, zoned Residential Transition (RT) -- one of the most flexible and sought-after zoning classifications in the city. This RT designation opens the door to two distinct paths, making this lot equally attractive to homeowners and investors alike: For the Single-Family Buyer: Design and build a custom home in a walkable, established neighborhood minutes from VU's campus, downtown Valparaiso's shops and restaurants, and easy highway access. Public water and sewer are already available at the street, simplifying your build timeline and reducing upfront infrastructure costs. For the Builder or Investor: RT zoning allows for the potential construction of a multi-family building on this site, subject to City of Valparaiso approval -- a compelling opportunity to create rental units in a market with a built-in, renewing tenant base of VU students, faculty, and staff. Proximity to campus makes this a location investors actively seek out for long-term rental demand and steady occupancy. Whether your plan is a forever home or an income-producing multi-unit property, this lot offers the zoning flexibility, utility access, and location to make it happen.
MLS® Number845058
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 9, 2026List Date
$210,000List Price
  • Commute

Commute

Starting Address
Destination Address
551 Locust St, Valparaiso, IN

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