Three-Unit Triplex
For Sale
Contact for pricing
Pending
1224 W 15th Ave, Gary, IN 46407
Tenant-occupied units offer flexible month-to-month leasing and recently replaced water heaters and furnaces.
Property SizeContact for details
Days on Market144
Property Features for 1224 W 15th Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
McCormick Real Estate
(219) 613-5643
Listed By:
Jeff Mccormick · License #IN RB14033291
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 10:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McCormick Real Estate
Investment Insights
Based on property information with market context.
This triplex contains 3 residential units, including 2 three-bedroom apartments and 1 two-bedroom apartment. Each unit is currently occupied under a month-to-month lease arrangement. Recent mechanical updates include new water heaters and furnaces, while insulated windows are installed throughout the building.
Located at 1224 W 15th Ave in Gary, Indiana, the property is offered as a residential income asset. The existing unit mix, current occupancy, and stated estimated 14% cap rate provide a clear operating profile for review.
Located at 1224 W 15th Ave in Gary, Indiana, the property is offered as a residential income asset. The existing unit mix, current occupancy, and stated estimated 14% cap rate provide a clear operating profile for review.
Key Highlights
- 3‑unit building with 2 three‑bedroom units and 1 two‑bedroom unit
- All units are tenant occupied under month‑to‑month leases
- New water heaters and furnaces in the units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied units offer flexible month-to-month leasing and recently replaced water heaters and furnaces.
Where is this triplex located?
The property is located at 1224 W 15th Ave Gary, IN.
What are key features of this property?
This property features: 3‑unit building with 2 three‑bedroom units and 1 two‑bedroom unit; All units are tenant occupied under month‑to‑month leases; New water heaters and furnaces in the units
