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Updated Duplex with Vacant Delivery
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3415 W 47th Avenue, Gary, IN 46408

Two-unit property with improvements to both residences, private well and septic service, and delivery without tenants at closing.

Property SizeContact for details
Days on Market125

Property Features for 3415 W 47th Avenue

General Information

Standard status Active
Property subtype Multifamily
Net Operating Income $28,800

Building Details

Year Built 1972
Listing Agency: Listing Leaders NW
Listed By: Vanessa Daley · License #IN
Source: Crexi
Added: Apr 28 Changed: Aug 30 Last Checked: Aug 30 at 2:12PM

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 Listing Leaders NW

Investment Insights

Based on property information with market context.

This duplex was built in 1972 and will be delivered vacant at closing. One residence has received a comprehensive interior refresh, including replacement windows, luxury vinyl flooring, a kitchen with quartz counters and stainless steel refrigerator, electric range, and microwave, plus a renovated bathroom. The interiors and exterior have been painted, and the roof has a newer shingle layer.

The second residence also benefits from property improvements, including some replacement windows. The property operates with well and septic service, and utilities are currently included. Tenant responsibilities identified for the property include yard care, electric, and garbage. Vacant delivery provides flexibility for an owner-occupant or a buyer planning future tenancy, as supported by the property configuration.

Key Highlights

  • Duplex built in 1972 with vacant delivery at closing
  • One unit updated with replacement windows, luxury vinyl flooring, quartz kitchen counters, and a renovated bathroom
  • Stainless steel refrigerator, electric range, and microwave included in the updated kitchen

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Law Firm Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

74
Businesses Nearby

Demographics for 46408, IN

15,109
Population
7,861
Households
1.9
Avg Household Size
38
Median Age
12%
College-Educated
84%
High-School Grad
9.7 sq mi
ZIP Area
1,558
Density / Sq Mi
$47,063
Median Household Income
$35,163
Median Earnings
$1,016
Median Rent
$96,200
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?
Duplex - Two-unit property with improvements to both residences, private well and septic service, and delivery without tenants at closing.
Where is this duplex located?
The property is located at 3415 W 47th Avenue Gary, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Duplex built in 1972 with vacant delivery at closing; One unit updated with replacement windows, luxury vinyl flooring, quartz kitchen counters, and a renovated bathroom; Stainless steel refrigerator, electric range, and microwave included in the updated kitchen
More about this property
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