We present a comprehensive study of the temperature dependence of the crystal structure using single-crystal X-ray diffraction and diffuse scattering, and electrical transport and magnetic properties as well as some optical properties at room temperature to elucidate the origin and the form of multiple ground states demonstrated in a previous study of the heat-capacity of the MMX chain compound, [Pt(II/III)(2)(n-PenCS(2))(4)I](∞). The present results confirm the presence of the two phase transitions, one reversible of first order at 207 K and the other nonreversible monotropic at 324 K, separating the low temperature (LT), room temperature (RT), and high temperature (HT) phases. The unit cell displays a 3-fold periodicity of -Pt-Pt-I- in the RT and HT phases because of the structural disorder which is exhibited by the dithiocarboxylato groups and the n-pentyl groups belonging to the central diplatinum unit. In addition, for the HT-phase all the dimers show this disorder. This compound undergoes a metal-semiconductor transition at T(M-S) = 235 K. The presence of diffuse streaks corresponding to 2-fold -Pt-Pt-I- periodicity in the HT and RT phases indicates dynamic valence ordering of the type -Pt(2+)-Pt(2+)-I(-)-Pt(3+)-Pt(3+)-I(-)-or-Pt(2+)-Pt(3+)-I(-)-Pt(3+)-Pt(2+)-I(-)-. For the LT-phase the diffuse scattering is condensed into clear Bragg diffraction peaks while keeping the 3-fold periodicity. This fact suggests further localization through dimerization of charges and spins confirming the diamagnetic state in the magnetic susceptibility and the low electrical conduction below 207 K. The present results are further discussed in relation to those of previous studies on the homologues, [Pt(II/III)(2)(RCS(2))(4)I](∞), R = methyl, ethyl, n-propyl, and n-butyl.