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Apartment Building with Detached Home
For Sale
$499,900
Pending

2315 Industrial Blvd, Gary, IN 46407

Six residential units across two buildings provide updated interiors, varied layouts, and flexible ownership options.

Property Size6,457 SF
Days on Market181

Property Features for 2315 Industrial Blvd

General Information

Standard status Pending
Size 6,457 SF
Property subtype Commercial

Additional Details

Highway Access Yes
Multifamily Units 6

Building Details

Year Built 1947
Buildings 2
Listing Agency: The Jaeger Group, LLC
Listed By: Lakia Hasenjaeger · License #RB14032390
Source: Nwindianahomesearcher
Added: Mar 3 Changed: Aug 29 Last Checked: Aug 30 at 6:08PM

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 The Jaeger Group, LLC

Investment Insights

Based on property information with market context.

This multifamily property at 2315 Industrial Blvd includes 6 residential units across 2 buildings on one lot, with 6,457 square feet of total property size. The principal 2-story building contains 5 apartments, including units measuring 989 square feet each. Interior features include 10-foot ceilings, living rooms, kitchens, two-bedroom/one-bath layouts, and a newly renovated basement apartment with 3 bedrooms and 1 bathroom. A utility room is also included.

The sixth unit is a detached single-family home. The property is zoned for up to 9 units, providing an established residential configuration with additional unit capacity. Improvements to the 5-unit building include renovated units and updated HVAC systems. The property is being sold as-is, with no repairs to be completed by the seller.

Key Highlights

  • 6‑unit multifamily property with 2 buildings on one lot
  • Main 2‑story building includes 5 apartments measuring 989 sqft each
  • Detached sixth unit is a single‑family home

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

233
Businesses Nearby

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

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

What type of property is this?
Apartment building - Six residential units across two buildings provide updated interiors, varied layouts, and flexible ownership options.
Where is this apartment building located?
The property is located at 2315 Industrial Blvd Gary, IN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 6‑unit multifamily property with 2 buildings on one lot; Main 2‑story building includes 5 apartments measuring 989 sqft each; Detached sixth unit is a single‑family home
More about this property
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