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    420 Adams St Gary, IN 46402

    For Sale
    $200,000

    Triplex - Gary, IN

    Type:Triplex
    Lot size:
    0.24 Acres
    Days on Market:
    114
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 420 Adams St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    APN
    450804281017000004
    Parking features
    Off Street, On Street
    Pets allowed
    No
    Exterior features
    Balcony
    Basement Y/N
    1
    Lot size
    0.24 Acres

    Building Details

    Year built
    1915
    Floors in Building
    2
    Architectural style
    Other

    Moke Realty, Inc. (219) 662-3000 [email protected]

    Listing agent Dennis Nichols (219) 662-3000 License #RB20001421

    Listing date Aug 15, 2025

    MLS# 824001 Listing URL

    Copyright © 2025 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.

    Overview

    Gary IN Triplex Development Opportunity

    This property presents a development opportunity in downtown Gary, Indiana. The site includes a 10,000+ square foot lot improved with an older brownstone triplex. Located within walking distance of the planned revitalization of the South Shore Line Train Station, the property is situated in a designated Transit-Oriented Development (TOD) district, identified in the 2023 Northwest Indiana TDD Strategic Implementation Plan. The existing triplex requires a complete rehabilitation. The property is suited for high-density housing or mixed-use development, aligning with Gary's vision for smart growth and sustainable urban renewal. This is an opportunity for a transformative development that contributes to the city's revitalization. The property is being sold As-Is, Where-Is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.339883
    Latitude
    41.603288

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    FAQs

    What type of property is this?
    Triplex - Prime development opportunity near planned South Shore Line revitalization.
    Where is this triplex located?
    The property is located at 420 Adams St Gary, IN.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Prime development opportunity in downtown Gary, Indiana.; - Located within a designated Transit-Oriented Development (TOD) district.; - Walking distance to the planned revitalization of the South Shore Line Train Station.
    (219) 662-3000
    Request Owner's contact information
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    Gary, IN 46402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Adams St Gary, IN 46402
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