Brick 7-Unit Apartment
For Sale
$620,000
1514 W 5th Ave, Gary, IN 46402
Separate utilities serve each residence, with parking available both on and off the street.
Property Size8,516 SF
Price / SF$72.80
Days on Market22
Property Features for 1514 W 5th Ave
General Information
Standard status
Active
Size
8,516 SF
Property subtype
Commercial
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Multifamily Units
7
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1926
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Century 21 Circle
Listed By:
Richard Wolf · License #RB14039029
(219) 256-4437
Source:
Jason.northwestindianahomelistings
Added: Oct 13
Changed: Nov 1
Last Checked: Nov 3 at 7:29AM
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 Century 21 Circle
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Investment Insights
Based on property information with market context.
This three-story, all-brick apartment building contains 7 units across 8,516 square feet. Built in 1926, the property has renovations in most of the units. Each apartment is separately metered for utilities.
Parking is available on the street and off street. Shopping and public transit are nearby.
Parking is available on the street and off street. Shopping and public transit are nearby.
Key Highlights
- 7‑unit apartment building with 8,516 square feet
- Three‑story, all‑brick construction
- Most units have been renovated
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
7
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
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Business Placement
Demographics for 46402, IN
5,502
Population
3,360
Households
1.6
Avg Household Size
38
Median Age
10%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
655
Density / Sq Mi
$29,125
Median Household Income
$30,816
Median Earnings
$904
Median Rent
$61,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate utilities serve each residence, with parking available both on and off the street.
Where is this apartment building located?
The property is located at 1514 W 5th Ave Gary, IN.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 7‑unit apartment building with 8,516 square feet; Three‑story, all‑brick construction; Most units have been renovated
