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    Gary, IN Apartment Buildings for Sale

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    Six-Unit Apartment Property
    Updated: Apr 6
    Six-Unit Apartment Property

    2315 Industrial Boulevard, Gary, IN 46407

    $499,900
    6,457 sqft 0.22 AC lot
    6,457‑square‑foot multifamily property on 0.215 acres
    Two buildings with five apartments in the main structure and a detached sixth unit
    Main‑building apartments include 989‑square‑foot layouts with 2 bedrooms and 1 bathroom
    Renovated basement apartment with 3 bedrooms and 1 bathroom
    Zoned for up to 9 units
    View details
    All-Brick Multi-Unit Apartment Building
    Updated: Nov 23, 2025
    All-Brick Multi-Unit Apartment Building

    1971 Massachusetts Street, Gary, IN 46407

    $225,000
    3,096 sqft
    All‑brick 5‑unit multifamily building with varied unit layouts, built in 1920
    Unit mix includes 2 one‑bedroom, 2 two‑bedroom, and 1 three‑bedroom unit
    High ceilings throughout; some units feature a sitting area and dining area
    Daylight, walk‑out access basement that is partially finished
    High‑efficiency furnaces and asphalt roof described as newer (a couple years old)
    View details
    Apartment Building with Detached Home
    Apartment Building with Detached Home

    2315 Industrial Blvd, Gary, IN 46407

    $499,900
    6,457 sqft

    Six residential units across two buildings provide updated interiors, varied layouts, and flexible ownership options.

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    See what stands out in Lake County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Two-Building Apartment Property
    Two-Building Apartment Property

    1164 Connecticut Street, Gary, IN 46407

    $1,050,000

    Adjacent multifamily buildings offer renovated interiors, basement utility, and proximity to retail, grocery, entertainment, and schools.

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    Six-Unit Multifamily Investment
    Six-Unit Multifamily Investment

    1412 Connecticut, Gary, IN 46407

    $350,000

    Stabilized six-unit building with one vacancy, on-site digital laundry, and a garage, plus two adjacent lots included.

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    Planned Unit Development Apartment Site
    Planned Unit Development Apartment Site

    7961 Harrison Pl, Merrillville, IN 46410

    $1,025,000

    Multifamily development site with a retention pond and utilities stubbed at the property lines for up to 60 units.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Apartment Portfolio With Townhome-Style Units
    Apartment Portfolio With Townhome-Style Units

    3752-3758 W 73rd Pl, Merrillville, IN 46410

    Contact for pricing

    Eight four-unit buildings feature spacious layouts, tenant-paid utilities, and private driveways with on-site parking.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    1080-1090 W 85th Avenue, Merrillville, IN 46410

    Contact for pricing

    Class A rental property with updated exteriors, modern finishes, and efficient two-bedroom layouts.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 8 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Apartment Building Portfolio with Renovations
    Apartment Building Portfolio with Renovations

    7027 Parrish Ave, Hammond, IN 46323

    $650,000
    5,220 sqft

    Multifamily portfolio offering renovated apartments, varied unit layouts, and individual or package acquisition options.

    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    4030 Pulaski Street, East Chicago, IN 46312

    Contact for pricing

    The property includes two-bedroom, one-bath residences and a detached garage.

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    Brick 6-Unit Apartment Building
    Brick 6-Unit Apartment Building

    6924 Columbia Avenue, Hammond, IN 46324

    Contact for pricing

    Traditional brick property offers a mix of one- and two-bedroom residences with shared laundry and on-site parking.

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    Updated 8-Unit Apartment Building
    Updated 8-Unit Apartment Building

    4001 Pulaski St, East Chicago, IN 46312

    Contact for pricing

    Multifamily property with varied unit layouts, recent mechanical upgrades, and renovated apartments featuring upgraded finishes and appliances.

    View details

    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

    $260,000
    Estimated value
    3,392 sqft 0.36 AC lot
    View details
    304 6th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    304 6th Ave, Gary, IN 46402-2021

    $335,000
    Estimated value
    4,872 sqft 0.09 AC lot
    View details
    441 Connecticut St
    APARTMENT HOUSE (UNDER 5 UNITS)

    441 Connecticut St, Gary, IN 46402-1312

    $200,000
    Estimated value
    3,861 sqft 0.09 AC lot
    View details
    1510 86th Ln
    APARTMENT HOUSE (UNDER 5 UNITS)

    1510 86th Ln, Merrillville, IN 46410-6458

    $265,000
    Estimated value
    4,860 sqft 0.43 AC lot
    View details
    667 Van Buren St
    APARTMENT HOUSE (UNDER 5 UNITS)

    667 Van Buren St, Gary, IN 46402-2240

    $275,000
    Estimated value
    4,216 sqft 0.16 AC lot
    View details
    332 Brg St
    APARTMENT HOUSE (UNDER 5 UNITS)

    332 Brg St, Gary, IN 46404-1034

    $270,000
    Estimated value
    5,400 sqft 0.26 AC lot
    View details
    604 Kentucky St, Unit 14
    APARTMENT HOUSE (UNDER 5 UNITS)

    604 Kentucky St, Gary, IN 46402-2615

    Unit 14
    $260,000
    Estimated value
    4,680 sqft 0.19 AC lot
    View details
    1381 Van Buren St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1381 Van Buren St, Gary, IN 46407-1126

    $195,000
    Estimated value
    4,942 sqft 0.17 AC lot
    View details
    702 72nd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    702 72nd Ave, Merrillville, IN 46410-3624

    $270,000
    Estimated value
    6,882 sqft 0.43 AC lot
    View details
    5925 Jefferson St, Unit 31
    APARTMENT HOUSE (UNDER 5 UNITS)

    5925 Jefferson St, Merrillville, IN 46410-2525

    Unit 31
    $340,000
    Estimated value
    2,673 sqft 0.36 AC lot
    View details
    6833 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    6833 Pierce Dr, Merrillville, IN 46410-3364

    $190,000
    Estimated value
    4,308 sqft 8.51 AC lot
    View details
    7025 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    7025 Fillmore Dr, Merrillville, IN 46410-3361

    $190,000
    Estimated value
    4,308 sqft 8.51 AC lot
    View details
    6946 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    6946 Fillmore Dr, Merrillville, IN 46410-3360

    $200,000
    Estimated value
    4,308 sqft 8.51 AC lot
    View details
    6827 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    6827 Pierce Dr, Merrillville, IN 46410-3364

    $200,000
    Estimated value
    4,308 sqft 8.51 AC lot
    View details
    2775 Dekalb St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2775 Dekalb St, Lake Station, IN 46405-1520

    $250,000
    Estimated value
    1,152 sqft 0.12 AC lot
    View details
    7011 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    7011 Fillmore Dr, Merrillville, IN 46410-3361

    $95,000
    Estimated value
    4,308 sqft 8.51 AC lot
    View details

    Gary, IN Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Gary, IN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 16,010 square feet of properties for sale, with an estimated market value of $3,649,800.

    Sale prices for two-family homes in Gary, IN start at $225,000, averaging $608,300, and reaching up to $1,050,000 — 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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    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 $525K

    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

    Office

    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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