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Ranch Duplex with Two Units
For Sale
$152,900

2023 Vermont Street, Gary, IN 46407

MULTI_FAMILY - Gary, IN

Property SizeContact for details
Lot Size0.21 Acres
Days on Market93

Property Features for 2023 Vermont Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking features On Street
Pets allowed Yes
Interior features Ceiling Fan(s)
Appliances Gas Range, Refrigerator
Subdivision Wilsons Sub
Lot features Back Yard, Front Yard
Directions I-65 N to W 37th Ave/Ridge Rd in Hobart Township. Take exit 258 from I-65 N; Take Martin Luther King Dr to Vermont St in Gary
Standard status Active
APN 450810457003000004
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description WILSONS SUB. ALL L.30 & 31 BL.7 S. 13FT L.29 BL.7
Tax Annual Amount 1801
Legal Description WILSONS SUB. ALL L.30 & 31 BL.7 S. 13FT L.29 BL.7

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1953
Floors in Building 1
Listing Agency: Kirk & Company Your Home Sold
Listed By: Lutrell Kirk
Added: May 5 Changed: Aug 1 Last Checked: Aug 5 at 5:06PM
MLS# 838327

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Ranch-style duplex offering two income-producing units. Both units include two bedrooms, a living room, kitchen, full bath, and a laundry area, supporting a house-hack setup where one side can be lived in while the other is rented. The property is equipped with ceiling fans, a gas range, and refrigerators. Heating is forced air with natural gas.

The property sits on a 0.208-acre lot and has on-street parking. Water service is public, and sewer is public sewer. The duplex was built in 1953.

Each unit’s layout is designed to serve day-to-day household needs, with a dedicated kitchen, living space, full bath, and laundry area within the unit. An existing Airbnb setup is noted, which may appeal to buyers looking for a more hands-on short-term rental workflow alongside long-term occupancy.

Key Highlights

  • Two income‑producing units with matching layouts: two bedrooms, living room, kitchen, full bath, and laundry area
  • Ranch‑style duplex on a 0.208‑acre lot
  • Forced air heating with natural gas

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Electrical Service Grocery & Convenience Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

174
Businesses Nearby

Demographics for 46407, IN

9,862
Population
6,644
Households
1.5
Avg Household Size
39
Median Age
11%
College-Educated
81%
High-School Grad
4.2 sq mi
ZIP Area
2,348
Density / Sq Mi
$25,551
Median Household Income
$28,504
Median Earnings
$807
Median Rent
$55,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Ranch-style duplex with two income-producing units, each featuring two bedrooms, a full bath, kitchen, living room, and laundry area.
Where is this duplex located?
The property is located at 2023 Vermont Street Gary, IN.
What is the asking price?
The asking price for this property is $152,900.
What are key features of this property?
This property features: Two income‑producing units with matching layouts: two bedrooms, living room, kitchen, full bath, and laundry area; Ranch‑style duplex on a 0.208‑acre lot; Forced air heating with natural gas
More about this property
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