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$210,000

551 Locust Street, Valparaiso IN, 46383

Price per sqft$28.36
Lot size0.17 Acres
Property typeLand

Overview

Active

Listed Sep 9, 2026

Updated Sep 11

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.

Additional information

MLS® ID
845058

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$946
Tax Frequency
Annually
View
Yes

Courtesy of White Hat Realty Group, LLC, Lisa Gaff,
Listing Contact: (219) 921-3899 

Listings courtesy of Northwest Indiana REALTOR Association as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 5:34 AM UTC on 9/11/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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