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    Merrillville, 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 Merrillville, 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
    View details
    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 Merrillville, IN

    Consider similar Off-Market properties in Merrillville, 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.

    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

    View details
    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

    View details
    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

    View details
    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

    View details
    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

    View details
    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

    View details
    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

    View details
    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

    View details
    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

    View details
    766 73rd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,960 SF Lot: 0.38 Acres
    Value Estimation by Request

    766 73rd Ave, Merrillville, IN 46410-4785

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    6829 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6829 Pierce Dr, Merrillville, IN 46410-3364

    View details
    193 53rd Ave, Unit 99
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,639 SF Lot: 0.33 Acres
    Value Estimation by Request
    Unit 99

    193 53rd Ave, Merrillville, IN 46410-1528

    View details
    6871 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6871 Fillmore Dr, Merrillville, IN 46410-3357

    View details
    7420 Whitcomb St
    APARTMENT HOUSE (UNDER 5 UNITS)
    5,072 SF Lot: 0.41 Acres
    Value Estimation by Request

    7420 Whitcomb St, Merrillville, IN 46410-4111

    View details
    126 73rd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,720 SF Lot: 0.38 Acres
    Value Estimation by Request

    126 73rd Ave, Merrillville, IN 46410-3976

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    4127 73rd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    5,072 SF Lot: 0.42 Acres
    Value Estimation by Request

    4127 73rd Ave, Merrillville, IN 46410

    View details
    135 57th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    6,480 SF Lot: 0.49 Acres
    Value Estimation by Request

    135 57th Ave, Merrillville, IN 46410-2784

    View details

    Merrillville, IN Apartment Buildings Investment Opportunities Market Analysis

    Explore 72 apartment buildings for sale in Merrillville, 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 Merrillville, 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 Merrillville fall within the 100,000+ square foot range.

    Demographics Overview

    Population 39K
    Population Growth (5Y) +2.0%
    Median Household Income $61,735
    College Educated 16.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    46410 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 2.32%
    Property Tax per SF $33.26 per sq ft
    Tax Rate vs County Average 0.75 pp below county avg
    Average Loan-to-Value 65.0%

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