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    Gary, IN
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    Gary, IN Apartment Buildings for Sale

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    Griffith, IN Hammond, IN Hobart, IN
    Gary Multifamily Investment Opportunity
    $499,900
    6,457 SF
    Gary Multifamily Investment Opportunity

    2315 Industrial Boulevard, Gary, IN 46407

    Six-unit multifamily property with redevelopment potential in Gary, Indiana.
    • 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.
    Updated: Apr 6
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    Northwest Indiana Multifamily Investment
    $1,350,000
    8,624 SF
    Northwest Indiana Multifamily Investment

    1080 W 85th Ave, Merrillville, IN 46410

    Well-maintained 8-unit multifamily property with strong cash flow.
    • Strong in‑place cash flow with a 7.2% Day‑1 cap rate.
    • Located in a stable Northwest Indiana rental market.
    • Major exterior improvements completed in 2021 including new roof, windows, siding, and gutters.
    • Efficient 2 bed / 1.5 bath floor plans averaging approximately 1,100 square feet.
    • Modern finishes, stainless steel appliances, and washer/dryer hookups in each unit.
    Updated: Mar 18
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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

    Mixed-Use Investment Property
    $850,000
    8,280 SF
    Mixed-Use Investment Property

    Six-unit mixed-use property in Downtown Highland for sale.

    2910 Highway Ave, Highland, IN

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    Portage Multifamily Investment Opportunity
    $11,500,000
    96,200 SF
    Portage Multifamily Investment Opportunity

    100-unit multifamily property in Portage, Indiana, with renovation upside.

    6021-55 Canden Ave., 2378-2400 Dixie Dr. , 6021-6121 McCasland Ave, Portage, IN 46368

    View details
    Portage Townhome Units For Sale
    $1,295,000
    10,560 SF
    Portage Townhome Units For Sale

    Eight fully occupied townhome units in Portage, Indiana.

    2581 Parkview St, Portage, IN 46368

    View details
    Highland Mixed-Use Building For Sale
    $699,000
    4,144 SF
    Highland Mixed-Use Building For Sale

    Mixed-use building with apartments and retail space in Highland, Indiana.

    2904 45th St, Highland, IN

    View details

    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
    $2,850,000
    29.20 Acres
    Prime Development Land, Springfield MO

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

    N West Bypass, Springfield, MO 65802

    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

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

    215 N Bear Creek Road, Asheville, NC 28806

    View details
    Land Near Shepherd University
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

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

    71 Salters Road, Greenville, SC 29607

    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)
    3,392 SF Lot: 0.36 Acres
    Value Estimation by Request

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

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    304 6th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,872 SF Lot: 0.09 Acres
    Value Estimation by Request

    304 6th Ave, Gary, IN 46402-2021

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    441 Connecticut St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,861 SF Lot: 0.09 Acres
    Value Estimation by Request

    441 Connecticut St, Gary, IN 46402-1312

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    1510 86th Ln
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,860 SF Lot: 0.43 Acres
    Value Estimation by Request

    1510 86th Ln, Merrillville, IN 46410-6458

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    667 Van Buren St
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,216 SF Lot: 0.16 Acres
    Value Estimation by Request

    667 Van Buren St, Gary, IN 46402-2240

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    332 Brg St
    APARTMENT HOUSE (UNDER 5 UNITS)
    5,400 SF Lot: 0.26 Acres
    Value Estimation by Request

    332 Brg St, Gary, IN 46404-1034

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    604 Kentucky St, Unit 14
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,680 SF Lot: 0.19 Acres
    Value Estimation by Request
    Unit 14

    604 Kentucky St, Gary, IN 46402-2615

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    1381 Van Buren St
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,942 SF Lot: 0.17 Acres
    Value Estimation by Request

    1381 Van Buren St, Gary, IN 46407-1126

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    702 72nd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    6,882 SF Lot: 0.43 Acres
    Value Estimation by Request

    702 72nd Ave, Merrillville, IN 46410-3624

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    5925 Jefferson St, Unit 31
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,673 SF Lot: 0.36 Acres
    Value Estimation by Request
    Unit 31

    5925 Jefferson St, Merrillville, IN 46410-2525

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    6833 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6833 Pierce Dr, Merrillville, IN 46410-3364

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    7025 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    7025 Fillmore Dr, Merrillville, IN 46410-3361

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    6946 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6946 Fillmore Dr, Merrillville, IN 46410-3360

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    6827 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6827 Pierce Dr, Merrillville, IN 46410-3364

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    2775 Dekalb St
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,152 SF Lot: 0.12 Acres
    Value Estimation by Request

    2775 Dekalb St, Lake Station, IN 46405-1520

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    7011 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    7011 Fillmore Dr, Merrillville, IN 46410-3361

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    6821 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6821 Pierce Dr, Merrillville, IN 46410-3364

    View details
    7022 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    7022 Fillmore Dr, Merrillville, IN 46410-3362

    View details
    5611 Broadway, Unit 13
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,775 SF Lot: 0.33 Acres
    Value Estimation by Request
    Unit 13

    5611 Broadway, Merrillville, IN 46410-2634

    View details
    6837 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6837 Pierce Dr, Merrillville, IN 46410-3364

    View details
    7302 Noble St
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,366 SF Lot: 0.49 Acres
    Value Estimation by Request

    7302 Noble St, Merrillville, IN 46410-7862

    View details
    7012 Carolina Pl
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,116 SF Lot: 0.33 Acres
    Value Estimation by Request

    7012 Carolina Pl, Merrillville, IN 46410-3974

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    Gary, IN Apartment Buildings Investment Opportunities Market Analysis

    Explore 72 apartment buildings for sale in Gary, IN on our real estate platform. These investment opportunities span a total of 15,081 square feet of properties for sale, with an estimated market value of $1,849,900.

    Sale prices for two-family homes in Gary, IN start at $499,900, averaging $924,950, and reaching up to $1,350,000 — 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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    Property Size Breakdown

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

    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 median 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 sq ft
    Tax Rate vs County Average 6.93 pp above county avg
    Average Loan-to-Value 65.0%

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