Turnkey 8-Unit Multifamily
816 Pennsylvania Street Gary, IN 46402
816 Pennsylvania Street, Gary, IN, 46402
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For Sale
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Fully renovated 8-unit building with a mix of one-, two-, and three-bedroom units, sold as-is.
Property Size7,221 SF
Price / SF$72.01
Days on Market331
Property Features for 816 Pennsylvania Street
General Information
- Standard status
- Active
- Size
- 7,221 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1922
Listing agency
Property Boss
Listed by
Kiyah Marshall · License #RB22000382
Source
Crexi
Added: Aug 26, 2025 Updated: Jul 21 at 1:03AM Checked: Jul 22 at 12:42PM
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Investment Insights
Based on property information with market context.
This fully renovated 8-unit multifamily building is presented as a turnkey investment, with 7 of 8 units currently rented. The unit mix includes one-, two-, and three-bedroom layouts. The property has been updated throughout, and the provided photos reflect the building after renovation and prior to the current tenants moving in.
Convenient access is described to IN-53 and I-65, as well as I-80/94, supporting commute-friendly location for residents. The seller indicates the property is sold AS IS.
As listed, the asset is an income-producing apartment building with strong current occupancy and minimal additional lease-up needed based on current rent-roll status.
Convenient access is described to IN-53 and I-65, as well as I-80/94, supporting commute-friendly location for residents. The seller indicates the property is sold AS IS.
As listed, the asset is an income-producing apartment building with strong current occupancy and minimal additional lease-up needed based on current rent-roll status.
Key Highlights
- Fully renovated 8‑unit apartment building (Year built 1922), sold as‑is
- Current occupancy: 7 of 8 units rented
- Unit mix includes one-, two-, and three‑bedroom apartments
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FAQs
What type of property is this?
Apartment building - Fully renovated 8-unit building with a mix of one-, two-, and three-bedroom units, sold as-is.
Where is this apartment building located?
The property is located at 816 Pennsylvania Street Gary, IN.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Fully renovated 8‑unit apartment building (Year built 1922), sold as‑is; Current occupancy: 7 of 8 units rented; Unit mix includes one-, two-, and three‑bedroom apartments
