Turnkey 8-Unit Multifamily
For Sale
Contact for pricing
816 Pennsylvania Street, Gary, IN 46402
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 Market344
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
Changed: Jul 21
Last Checked: Jul 24 at 4:33PM
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 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
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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
