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3-Unit Residential Income Property
For Sale
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1533 N Broad Street, Griffith, IN 46319

Three well-appointed units with in-unit laundry and recent upgrades, including multiple HVAC components and updated electrical.

Property SizeContact for details
Days on Market57

Property Features for 1533 N Broad Street

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Highway Access Yes
Fenced Yard Yes

Additional Details

Multifamily Units 3

Building Details

Year Built 1953
Listing Agency: Coldwell Banker Realty
Listed By: Julie Urbanski · License #IN
Source: Crexi
Added: Jun 12 Changed: Jul 10 Last Checked: Aug 4 at 10:44AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This for-sale 3-unit residential income property offers a distinct mix of layouts across its three separate units. The upper-level unit features a ranch-style design with three bedrooms, a large living room with a wood-burning fireplace, a well-appointed kitchen and dining room, in-unit laundry, and updated bathroom finishes including a 3/4 bath. The ground-level second unit includes a large living room with a fireplace, a functional kitchen, in-unit laundry, a bedroom suited for main-floor living, and a bathroom with updated vanity and medicine cabinet. The third unit features an open-concept arrangement combining the living room, dining room, and kitchen, plus one bedroom, in-unit laundry, and a bathroom with updated fixtures.

The exterior includes a fenced backyard area with a shed for additional storage and a two-car garage with parking alongside the building. The property is described as being located near shopping and expressways in Griffith.

Recent improvements are highlighted throughout the property, including fresh paint, new flooring on the ground-level units, new carpet, a new electrical panel, updated windows (2023), and a newer three-zone boiler system with sensors in each unit (installed in 2021). Central air is also noted as newly installed. The property is currently vacant and presented as turnkey ready, with utilities paid for by the owner.

Key Highlights

  • Three‑unit property built in 1953 with in‑unit laundry in all units
  • Three‑zone boiler system with sensors in each unit installed in 2021
  • Recent updates include new windows (2023) and new central air

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Skin Care Clinic Bakery Kitchen & Bath Showroom

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

3
Residential units
Yes
Fenced yard
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

335
Businesses Nearby

Demographics for 46319, IN

18,108
Population
7,904
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
1,886
Density / Sq Mi
$75,976
Median Household Income
$42,239
Median Earnings
$1,162
Median Rent
$194,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Three well-appointed units with in-unit laundry and recent upgrades, including multiple HVAC components and updated electrical.
Where is this triplex located?
The property is located at 1533 N Broad Street Griffith, IN.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Three‑unit property built in 1953 with in‑unit laundry in all units; Three‑zone boiler system with sensors in each unit installed in 2021; Recent updates include new windows (2023) and new central air
More about this property
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