Six-Unit Multifamily
1412 Connecticut St Gary, IN 46407
1412 Connecticut St, Gary, IN, 46407
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For Sale
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Stabilized six-unit building with one vacancy, on-site digital laundry, and a garage, plus two adjacent lots included.
Property Size4,200 SF
Price / SF$83.33
Days on Market112
Property Features for 1412 Connecticut St
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1929
Listing agency
Kiser Group
Listed by
Joe Caiola · License #475215988
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 7:27AM Checked: Jul 21 at 7:27AM
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 Kiser Group
Investment Insights
Based on property information with market context.
Kiser Group presents a stabilized six-unit multifamily investment opportunity in Gary, Indiana. The property has maintained strong performance over time, with light renovations completed as units turn. Updates include updated mechanical systems, while the building also retains much of its original character. The unit mix features a distinctive basement apartment, adding variety to the overall layout.
The offering includes an on-site digital laundry facility and a garage currently used for tenant parking and storage. Two adjacent lots are included in the sale, expanding the property’s included footprint. Several tenants are currently paying below applicable Section 8 fair market rent levels, creating an opportunity for new ownership to align rents with voucher benchmarks as natural turnover occurs, while maintaining strong occupancy supported by consistent demand for affordable housing.
The offering includes an on-site digital laundry facility and a garage currently used for tenant parking and storage. Two adjacent lots are included in the sale, expanding the property’s included footprint. Several tenants are currently paying below applicable Section 8 fair market rent levels, creating an opportunity for new ownership to align rents with voucher benchmarks as natural turnover occurs, while maintaining strong occupancy supported by consistent demand for affordable housing.
Key Highlights
- Six‑unit multifamily building in Gary, IN with only one vacancy and stabilized in‑place occupancy
- Year built 1929; units have been well maintained with light renovations completed as units turn
- Includes a distinctive basement apartment and a unique unit mix while retaining original character
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FAQs
What type of property is this?
Apartment building - Stabilized six-unit building with one vacancy, on-site digital laundry, and a garage, plus two adjacent lots included.
Where is this apartment building located?
The property is located at 1412 Connecticut St Gary, IN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Six‑unit multifamily building in Gary, IN with only one vacancy and stabilized in‑place occupancy; Year built 1929; units have been well maintained with light renovations completed as units turn; Includes a distinctive basement apartment and a unique unit mix while retaining original character
