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Remodeled 3-Unit Multifamily Property
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7346 Noble Street, Merrillville, IN 46410

Updated income property with separate utilities, occupied units, active leases, and shared basement laundry.

Property SizeContact for details
Days on Market142

Property Features for 7346 Noble Street

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 1 x 2BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Additional Details

Highway Access Yes

Amenities

shared laundry
Listing Agency: Baird & Warner Orland Park
Listed By: Carla Gorman · License #IN
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 29 at 9:47PM

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 Baird & Warner Orland Park

Investment Insights

Based on property information with market context.

This remodeled triplex contains three residential units with a practical mix of one two-bedroom, two-bath residence; one two-bedroom, one-bath residence; and one one-bedroom, one-bath residence. The units are described as spacious, fully updated, and well maintained, with separate utility service for each residence. All three units are occupied under active leases, providing an established operating setup for a new owner.

Shared laundry facilities are located in the basement and may provide an additional income source. The property is served by the Merrillville School System and Lake Michigan water. Shopping, dining, parks, schools, and major highways are located nearby, with transportation connections toward the Crossroads of America.

Key Highlights

  • 3‑unit property with one 2‑bedroom/2‑bath, one 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath unit
  • All 3 units are occupied with tenants on active leases
  • Remodeled and fully updated units described as spacious and well maintained

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Kitchen & Bath Showroom Auto Parts Store

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

3
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

88
Businesses Nearby

Demographics for 46410, IN

39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
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?
Triplex - Updated income property with separate utilities, occupied units, active leases, and shared basement laundry.
Where is this triplex located?
The property is located at 7346 Noble Street Merrillville, IN.
What are key features of this property?
This property features: 3‑unit property with one 2‑bedroom/2‑bath, one 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath unit; All 3 units are occupied with tenants on active leases; Remodeled and fully updated units described as spacious and well maintained
More about this property
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