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Merrillville, IN Apartment Buildings for Sale

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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 206 Potential Opportunities for your consideration. Besides 2 Active listings in Merrillville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 196 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

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

Portage Multifamily Investment Opportunity
$14,000,000
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
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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 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
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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
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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 Opportunity
$2,750,000
29.20 Acres

Prime Development Land Opportunity

29.2 acres of retail-zoned land in Springfield, Missouri.

N West Bypass, Springfield, MO 65802
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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
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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
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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
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Explore 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

1510 86th Ln

APARTMENT HOUSE (UNDER 5 UNITS) • 4,860 SF
Value Estimation by Request
1510 86th Ln, Merrillville, IN 46410-6458
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702 72nd Ave

702 72nd Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 6,882 SF
Value Estimation by Request
702 72nd Ave, Merrillville, IN 46410-3624
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5925 Jefferson St, Unit 31

5925 Jefferson St, Unit 31

APARTMENT HOUSE (UNDER 5 UNITS) • 2,673 SF
Value Estimation by Request
5925 Jefferson St, Merrillville, IN 46410-2525
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6833 Pierce Dr

6833 Pierce Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
6833 Pierce Dr, Merrillville, IN 46410-3364
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7025 Fillmore Dr

7025 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
7025 Fillmore Dr, Merrillville, IN 46410-3361
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6946 Fillmore Dr

6946 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
6946 Fillmore Dr, Merrillville, IN 46410-3360
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6827 Pierce Dr

6827 Pierce Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
6827 Pierce Dr, Merrillville, IN 46410-3364
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7011 Fillmore Dr

7011 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
7011 Fillmore Dr, Merrillville, IN 46410-3361
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6821 Pierce Dr

6821 Pierce Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
6821 Pierce Dr, Merrillville, IN 46410-3364
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7022 Fillmore Dr

7022 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
7022 Fillmore Dr, Merrillville, IN 46410-3362
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5611 Broadway, Unit 13

5611 Broadway, Unit 13

APARTMENT HOUSE (UNDER 5 UNITS) • 2,775 SF
Value Estimation by Request
5611 Broadway, Merrillville, IN 46410-2634
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6837 Pierce Dr

6837 Pierce Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
6837 Pierce Dr, Merrillville, IN 46410-3364
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7302 Noble St

7302 Noble St

APARTMENT HOUSE (UNDER 5 UNITS) • 4,366 SF
Value Estimation by Request
7302 Noble St, Merrillville, IN 46410-7862
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7012 Carolina Pl

7012 Carolina Pl

APARTMENT HOUSE (UNDER 5 UNITS) • 4,116 SF
Value Estimation by Request
7012 Carolina Pl, Merrillville, IN 46410-3974
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766 73rd Ave

766 73rd Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 3,960 SF
Value Estimation by Request
766 73rd Ave, Merrillville, IN 46410-4785
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6829 Pierce Dr

6829 Pierce Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
6829 Pierce Dr, Merrillville, IN 46410-3364
View details
193 53rd Ave, Unit 99

193 53rd Ave, Unit 99

APARTMENT HOUSE (UNDER 5 UNITS) • 2,639 SF
Value Estimation by Request
193 53rd Ave, Merrillville, IN 46410-1528
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6871 Fillmore Dr

6871 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
Value Estimation by Request
6871 Fillmore Dr, Merrillville, IN 46410-3357
View details
7420 Whitcomb St

7420 Whitcomb St

APARTMENT HOUSE (UNDER 5 UNITS) • 5,072 SF
Value Estimation by Request
7420 Whitcomb St, Merrillville, IN 46410-4111
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126 73rd Ave

126 73rd Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 2,720 SF
Value Estimation by Request
126 73rd Ave, Merrillville, IN 46410-3976
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4127 73rd Ave

4127 73rd Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 5,072 SF
Value Estimation by Request
4127 73rd Ave, Merrillville, IN 46410
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135 57th Ave

135 57th Ave

APARTMENT HOUSE (UNDER 5 UNITS) • 6,480 SF
Value Estimation by Request
135 57th Ave, Merrillville, IN 46410-2784
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Merrillville, IN Apartment Buildings Investment Opportunities Market Analysis

Explore 198 apartment buildings for sale in Merrillville, IN on our real estate platform. These investment opportunities span a total of 6,509,168 square feet of properties for sale, with an estimated market value of $33,295,000.

Sale prices for two-family homes in Merrillville, IN start at $60,000, averaging $279,789, and reaching up to $1,105,000 — 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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