3-House Multifamily
For Sale
Contact for pricing
Pending
4244 W Ridge Rd, Gary, IN 46408
Three separate homes offer varied layouts, tenant-paid utilities, and established rental occupancy.
Property SizeContact for details
Lot Size1.00 Acre
Days on Market146
Property Features for 4244 W Ridge Rd
General Information
Standard status
Pending
Lot size
1.00 Acre
Property subtype
Multifamily
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Building Details
Buildings
3
Listing Agency:
McColly Real Estate Corporate
Listed By:
Carrie Austgen · License #IN RB16000091
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 2 at 10:57AM
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 McColly Real Estate Corporate
Investment Insights
Based on property information with market context.
This multifamily property includes three separate houses on a 1-acre parcel. The front residence measures 1,826 square feet and has a finished basement, four bedrooms, two bathrooms, multiple living areas, a dining room, kitchen, and front and rear porches. Interior improvements include vinyl flooring, fresh paint, and updates. The middle and rear houses each contain 832 square feet, two bedrooms, one bathroom, a living room, and a kitchen with dining area. Both include crawl spaces, porches, washer and dryer hookups, and individual sheds; the rear home also features oak cabinets and laminate and vinyl flooring.
The middle house is occupied by a tenant with 16 years of tenancy on a month-to-month lease, while the front house has a 1-year lease from 2017. Tenants pay all utilities, with city water and sewer serving the property. Each residence includes a stove and refrigerator. Furnaces date from 2013, 2013, and 2016, air conditioning dates from 2013, and the roofs are 5 and 10 years old. The parcel provides 65 feet of frontage and 659 feet of depth.
The middle house is occupied by a tenant with 16 years of tenancy on a month-to-month lease, while the front house has a 1-year lease from 2017. Tenants pay all utilities, with city water and sewer serving the property. Each residence includes a stove and refrigerator. Furnaces date from 2013, 2013, and 2016, air conditioning dates from 2013, and the roofs are 5 and 10 years old. The parcel provides 65 feet of frontage and 659 feet of depth.
Key Highlights
- Three houses on a 1‑acre parcel with 65' frontage and 659' depth
- Front house offers 1,826 Sq.Ft., a full finished basement, 4 bedrooms, and 2 bathrooms
- Two additional 832 Sq.Ft. houses each provide 2 bedrooms and 1 bathroom
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three separate homes offer varied layouts, tenant-paid utilities, and established rental occupancy.
Where is this multifamily property located?
The property is located at 4244 W Ridge Rd Gary, IN.
What are key features of this property?
This property features: Three houses on a 1‑acre parcel with 65' frontage and 659' depth; Front house offers 1,826 Sq.Ft., a full finished basement, 4 bedrooms, and 2 bathrooms; Two additional 832 Sq.Ft. houses each provide 2 bedrooms and 1 bathroom
