Two-Unit Duplex Investment
For Sale
Contact for pricing
Pending
228 Tyler St, Gary, IN 46402
Both residences are occupied under month-to-month lease agreements, with tenants responsible for gas and electric service.
Property SizeContact for details
Days on Market141
Property Features for 228 Tyler St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Cap Rate
12%
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
McCormick Real Estate
(219) 613-5643
Listed By:
Jeff Mccormick · License #IN RB14033291
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 6:02PM
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 duplex contains two residential units, each configured with 2 bedrooms, 1 bathroom, and a generously sized living room. The property is currently occupied, and both tenants are on month-to-month leases. Gas and electric service are paid by the tenants.
Located at 228 Tyler St in Gary, Indiana, the property is near highways, schools, parks, and the Indiana-Illinois border. The current cap rate is 12%.
Located at 228 Tyler St in Gary, Indiana, the property is near highways, schools, parks, and the Indiana-Illinois border. The current cap rate is 12%.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence
- Both units are currently rented on month‑to‑month leases
- Tenants are responsible for gas and electric
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under month-to-month lease agreements, with tenants responsible for gas and electric service.
Where is this duplex located?
The property is located at 228 Tyler St Gary, IN.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence; Both units are currently rented on month‑to‑month leases; Tenants are responsible for gas and electric
