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Gary, IN

Apartment Building

Gary, IN Apartment Buildings for Sale

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Griffith, IN Hammond, IN Highland, IN Hobart, IN East Chicago, IN Schererville, IN Portage, IN Lansing, IL

Gary Multifamily Investment Opportunity

Updated: Apr 6

Gary Multifamily Investment Opportunity

2315 Industrial Boulevard, Gary, IN 46407

$499,900

6,457 sqft 0.22 AC lot

High‑potential multifamily asset with 6 units on one lot in a prime location.
Zoned for up to 9 units, offering a significant opportunity for expansion.
Vacant units provide flexibility for immediate renovation, leasing, or redevelopment strategies.
Main 5‑unit building features spacious 989 sqft apartments with 2 bedrooms, 1 bathroom, and 10' ceilings.
Updated HVAC systems and renovated units in the 5‑unit building provide a strong foundation for immediate income production.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

7-Unit Multifamily Investment

7-Unit Multifamily Investment

11 157th Street, Calumet City, IL 60409

$400,000

5,000 sqft

Seven-unit building with recent roof repairs and unit renovations, offering a mix of 1- and 2-bedroom residences for investors.

Multifamily Apartment Building

Multifamily Apartment Building

11 157th Street, Calumet City, IL 60409

$400,000

Residential income property available for purchase at 11 157th Street in Calumet City, Illinois.

Rehabbed 6-Unit Apartment Building

Rehabbed 6-Unit Apartment Building

3069 BERNICE Road, Lansing, IL 60438

$725,000

Turnkey investment opportunity with renovated units and new roof.

Remodeled Lansing Commercial Property

Remodeled Lansing Commercial Property

3323 Ridge Road, Lansing, IL 60438

$725,000

0.18 AC lot

Remodeled bar/restaurant with apartment and outdoor patio in Lansing.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO

Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

Asheville Development Opportunity: 5.94 Acres

Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

Land Near Shepherd University

Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

Greenville Development Opportunity: 1.33 Acres

Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

Off-Market Properties in Gary, IN

Consider similar Off-Market properties in Gary, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

2450 County Line Rd

APARTMENT HOUSE (UNDER 5 UNITS)

2450 County Line Rd, Lake Station, IN 46405-2676

Value Estimation by Request

3,392 sqft 0.36 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

304 6th Ave, Gary, IN 46402-2021

Value Estimation by Request

4,872 sqft 0.09 AC lot

441 Connecticut St

APARTMENT HOUSE (UNDER 5 UNITS)

441 Connecticut St, Gary, IN 46402-1312

Value Estimation by Request

3,861 sqft 0.09 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

1510 86th Ln, Merrillville, IN 46410-6458

Value Estimation by Request

4,860 sqft 0.43 AC lot

667 Van Buren St

APARTMENT HOUSE (UNDER 5 UNITS)

667 Van Buren St, Gary, IN 46402-2240

Value Estimation by Request

4,216 sqft 0.16 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

332 Brg St, Gary, IN 46404-1034

Value Estimation by Request

5,400 sqft 0.26 AC lot

604 Kentucky St, Unit 14

APARTMENT HOUSE (UNDER 5 UNITS)

604 Kentucky St, Gary, IN 46402-2615

Unit 14

Value Estimation by Request

4,680 sqft 0.19 AC lot

1381 Van Buren St

APARTMENT HOUSE (UNDER 5 UNITS)

1381 Van Buren St, Gary, IN 46407-1126

Value Estimation by Request

4,942 sqft 0.17 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

702 72nd Ave, Merrillville, IN 46410-3624

Value Estimation by Request

6,882 sqft 0.43 AC lot

5925 Jefferson St, Unit 31

APARTMENT HOUSE (UNDER 5 UNITS)

5925 Jefferson St, Merrillville, IN 46410-2525

Unit 31

Value Estimation by Request

2,673 sqft 0.36 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

6833 Pierce Dr, Merrillville, IN 46410-3364

Value Estimation by Request

4,308 sqft 8.51 AC lot

7025 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS)

7025 Fillmore Dr, Merrillville, IN 46410-3361

Value Estimation by Request

4,308 sqft 8.51 AC lot

6946 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS)

6946 Fillmore Dr, Merrillville, IN 46410-3360

Value Estimation by Request

4,308 sqft 8.51 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

6827 Pierce Dr, Merrillville, IN 46410-3364

Value Estimation by Request

4,308 sqft 8.51 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

2775 Dekalb St, Lake Station, IN 46405-1520

Value Estimation by Request

1,152 sqft 0.12 AC lot

7011 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS)

7011 Fillmore Dr, Merrillville, IN 46410-3361

Value Estimation by Request

4,308 sqft 8.51 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

6821 Pierce Dr, Merrillville, IN 46410-3364

Value Estimation by Request

4,308 sqft 8.51 AC lot

7022 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS)

7022 Fillmore Dr, Merrillville, IN 46410-3362

Value Estimation by Request

4,308 sqft 8.51 AC lot

5611 Broadway, Unit 13

APARTMENT HOUSE (UNDER 5 UNITS)

5611 Broadway, Merrillville, IN 46410-2634

Unit 13

Value Estimation by Request

2,775 sqft 0.33 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

6837 Pierce Dr, Merrillville, IN 46410-3364

Value Estimation by Request

4,308 sqft 8.51 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

7302 Noble St, Merrillville, IN 46410-7862

Value Estimation by Request

4,366 sqft 0.49 AC lot

7012 Carolina Pl

APARTMENT HOUSE (UNDER 5 UNITS)

7012 Carolina Pl, Merrillville, IN 46410-3974

Value Estimation by Request

4,116 sqft 0.33 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

766 73rd Ave, Merrillville, IN 46410-4785

Value Estimation by Request

3,960 sqft 0.38 AC lot

Gary, IN Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Gary, IN on our real estate platform. These investment opportunities span a total of 6,457 square feet of properties for sale, with an estimated market value of $499,900.

Sale prices for two-family homes in Gary, IN start at $499,900, averaging $499,900, and reaching up to $499,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Map

Demographics Overview

Population 124K

Population Growth (5Y) -7.7%

Median Household Income $47,747

College Educated 15.8%

High-Yield Neighborhoods for Investment

Identify Gary submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46407	$499.9K

Taxes & Financing

Tax Rate (average for all types) 7.93%

Property Tax per SF $79.79 per SF

Tax Rate vs County Average 6.93 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Lake County

Retail

Property Size Breakdown

The majority of commercial real estate listings in Gary fall within the 50,000 to 100,000 square foot range.

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