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Recently Renovated Triplex
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564 Carolina Street, Gary, IN 46402

Recently renovated triplex with three updated units, two tenant-occupied and a large yard.

Property SizeContact for details
Days on Market70

Property Features for 564 Carolina Street

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1924
Listing Agency: Property Boss
Listed By: Kiyah Marshall · License #RB22000382
Source: Crexi
Added: Jul 1 Changed: Aug 13 Last Checked: Sep 7 at 8:13AM

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 Property Boss

Investment Insights

Based on property information with market context.

This recently renovated triplex includes three updated units and is operated with professional management. Two units are currently tenant-occupied, while the remaining unit is being marketed for rent.

The property includes a large yard, providing additional outdoor space for residents.

Set up as a residential income property, the building is offered for sale as part of a rental portfolio, with current occupancy supporting immediate rental income.

Key Highlights

  • 1924‑built triplex with three updated units
  • Two units are currently tenant‑occupied for immediate rental income
  • Third unit is being actively marketed for rent

Property Analytics

Current Use

National Steel Corporation General Contractor

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply HVAC Service Grocery & Convenience Store Spa & Massage Center

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

448
Businesses Nearby

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

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

What type of property is this?
Triplex - Recently renovated triplex with three updated units, two tenant-occupied and a large yard.
Where is this triplex located?
The property is located at 564 Carolina Street Gary, IN.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 1924‑built triplex with three updated units; Two units are currently tenant‑occupied for immediate rental income; Third unit is being actively marketed for rent
More about this property
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