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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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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 7 Active listings in Merrillville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 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.

    View details
    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 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)

    1510 86th Ln, Merrillville, IN 46410-6458

    $265,000
    Estimated value
    4,860 sqft 0.43 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
    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
    6821 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    6821 Pierce Dr, Merrillville, IN 46410-3364

    $125,000
    Estimated value
    4,308 sqft 8.51 AC lot
    View details
    7022 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    7022 Fillmore Dr, Merrillville, IN 46410-3362

    $75,000
    Estimated value
    4,308 sqft 8.51 AC lot
    View details
    5611 Broadway, Unit 13
    APARTMENT HOUSE (UNDER 5 UNITS)

    5611 Broadway, Merrillville, IN 46410-2634

    Unit 13
    $65,000
    Estimated value
    2,775 sqft 0.33 AC lot
    View details
    6837 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    6837 Pierce Dr, Merrillville, IN 46410-3364

    $185,000
    Estimated value
    4,308 sqft 8.51 AC lot
    View details
    7302 Noble St
    APARTMENT HOUSE (UNDER 5 UNITS)

    7302 Noble St, Merrillville, IN 46410-7862

    $410,000
    Estimated value
    4,366 sqft 0.49 AC lot
    View details
    7012 Carolina Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    7012 Carolina Pl, Merrillville, IN 46410-3974

    $380,000
    Estimated value
    4,116 sqft 0.33 AC lot
    View details
    766 73rd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    766 73rd Ave, Merrillville, IN 46410-4785

    $405,000
    Estimated value
    3,960 sqft 0.38 AC lot
    View details
    6829 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    6829 Pierce Dr, Merrillville, IN 46410-3364

    $135,000
    Estimated value
    4,308 sqft 8.51 AC lot
    View details
    193 53rd Ave, Unit 99
    APARTMENT HOUSE (UNDER 5 UNITS)

    193 53rd Ave, Merrillville, IN 46410-1528

    Unit 99
    $245,000
    Estimated value
    2,639 sqft 0.33 AC lot
    View details

    Merrillville, IN Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Merrillville, IN, showcased through 7 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 Merrillville, 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 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 average listing prices of real estate assets

    Neighborhood Average Price
    46410 $1M

    Taxes & Financing

    Tax Rate (average for all types) 2.32%
    Property Tax per SF $33.26 per SF
    Tax Rate vs County Average 0.75 pp below 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 Merrillville fall within the 100,000+ square foot range.

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