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    Gary, IN
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    Gary, IN Multifamily Properties for Sale

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    30-Unit Renovated Apartment Building
    Updated: Apr 14
    30-Unit Renovated Apartment Building

    5125 Georgia Street, Gary, IN 46409

    $2,900,000
    30,045 sqft
    30‑unit apartment property with 30,045 square feet
    Fully renovated multifamily building
    Individual appliances in each unit
    Washer and dryer hookups in each unit
    Separate furnaces for each unit
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    This listing looks promising.

    Here's a quick look at some key insights for

    5125 Georgia Street, Gary, IN 46409

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $266K
      Annual

    • Price @ 7% Cap

      $3.8M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1966
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    Remodeled Duplex with Two Garages
    Updated: Aug 3
    Remodeled Duplex with Two Garages

    7932-7934 Whitcomb Street, Merrillville, IN 46410

    $569,000
    5,830 sqft 0.41 AC lot
    5,830‑square‑foot duplex on 0.41 acres
    Fully remodeled in 2021
    One unit offers 4 bedrooms and 3 bathrooms; the second has 3 bedrooms and 3 bathrooms
    3‑car garage for one unit and 2‑car garage with workshop for the other
    Both units feature updated windows, bonus or flex space, and kitchen storage
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    Mixed-Use Property with Leased Spaces
    Mixed-Use Property with Leased Spaces

    2800 Dekalb Street, Lake Station, IN 46405

    $550,000
    1,005 sqft 0.16 AC lot

    Two-level configuration combines four occupied commercial spaces with three leased residential units.

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    Two-Bedroom Duplex with Deck
    Two-Bedroom Duplex with Deck

    8781 Monroe Street, Merrillville, IN 46410

    $234,900
    1,253 sqft 0.14 AC lot

    Half-duplex residence with an eat-in kitchen, attached garage, and no HOA restrictions.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Three-Unit Apartment Building
    Three-Unit Apartment Building

    1653 W 10th Pl, Gary, IN 46404

    $249,900
    1,449 sqft

    Two upper residences are vacant and ready for leasing, while the ground-level unit is occupied.

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    Well-Maintained Duplex with Attached Garage
    Well-Maintained Duplex with Attached Garage

    4669 W 73rd Court, Merrillville, IN 46410

    $258,900
    1,367 sqft 0.22 AC lot

    Updated interior features an open layout, vaulted ceilings, granite countertops, and access to a private backyard deck.

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    Duplex Property With Ranch Layout
    Duplex Property With Ranch Layout

    1230 W 82nd Lane, Merrillville, IN 46410

    $270,000
    1,667 sqft 0.19 AC lot

    Ranch-style duplex property with open interiors, modern appliances, and public utilities in Merrillville.

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    New-Construction Duplex Property
    New-Construction Duplex Property

    7076 Johnson Street, Merrillville, IN 46410

    $293,635
    1,292 sqft 0.14 AC lot

    Ranch-style design with basement flexibility, an open kitchen layout, and attached garage convenience.

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    Leased Mixed-Use Property
    Leased Mixed-Use Property

    2800 Dekalb St, Lake Station, IN 46405

    $550,000
    1,005 sqft

    Two-level property combines leased commercial occupancy with residential units in Lake Station.

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    New Construction Duplex
    New Construction Duplex

    7083 Johnson Street, Merrillville, IN 46410

    $278,685
    1,469 sqft 0.15 AC lot

    Ranch-style layout includes open living areas, a den, pantry, and attached garage.

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    New Construction Duplex
    New Construction Duplex

    7078 Johnson Street, Merrillville, IN 46410

    $289,635
    1,292 sqft 0.14 AC lot

    Ranch-style layout with a full basement, open living areas, and an attached garage with opener.

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    Renovated Triplex
    Renovated Triplex

    1220 W 41st Ave, Gary, IN 46408

    $215,000
    2,250 sqft

    Three-unit property with recent renovations and two occupied units.

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    Ranch Half Duplex with Patio
    Ranch Half Duplex with Patio

    7849 Wright Street, Merrillville, IN 46410

    $295,000
    1,348 sqft 0.20 AC lot

    Main-level layout includes an open floor plan, eat-in kitchen, primary ensuite, and direct laundry access to the garage.

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    Two-Bedroom Duplex with Garage
    Two-Bedroom Duplex with Garage

    4401 W 73rd Court, Merrillville, IN 46410

    $259,900
    1,376 sqft 0.15 AC lot

    Open-plan living includes an eat-in kitchen, primary suite, walk-in closets, and a backyard patio.

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    All-Brick Multi-Unit Apartment Building
    All-Brick Multi-Unit Apartment Building

    1971 Massachusetts Street, Gary, IN 46407

    $225,000
    3,096 sqft

    All-brick multifamily building with five units, varied layouts, high ceilings, and a newer roof.

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    Under-Construction Duplex with Deck
    Under-Construction Duplex with Deck

    3021 W 82nd Place, Merrillville, IN 46410

    $369,900
    2,600 sqft 0.20 AC lot

    Two-level living includes cathedral ceilings, granite counters, upgraded finishes, and a private outdoor deck.

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    Two-Level Duplex with Private Deck
    Two-Level Duplex with Private Deck

    3023 W 82nd Place, Merrillville, IN 46410

    $369,900
    2,600 sqft 0.10 AC lot

    Under-construction duplex with upgraded finishes, energy-efficient construction, and access to a private deck.

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    Single-Level Duplex Unit
    Single-Level Duplex Unit

    3446 E 69th Avenue, Merrillville, IN 46410

    $239,900
    1,440 sqft 0.34 AC lot

    One-level half-duplex residence with an attached garage, private outdoor area, and updated kitchen appliances.

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    Three-Unit Residential Property
    Three-Unit Residential Property

    1531 Van Buren St, Gary, IN 46407

    Contact for pricing
    1,104 sqft

    Residential income property with potential for three separate rental units in Gary.

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    Ranch Duplex with Sunroom
    Ranch Duplex with Sunroom

    8652 Madison Street, Merrillville, IN 46410

    $324,900
    1,733 sqft 0.21 AC lot

    Under-construction paired villa with open living areas, a private primary suite, and public utilities.

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    Brick Duplex With Mixed Unit Sizes
    Brick Duplex With Mixed Unit Sizes

    3725 Monroe St, Gary, IN 46408

    $139,900
    1,848 sqft

    Two residential units offer distinct bedroom configurations within an all-brick income property.

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    Updated Duplex with Attached Garages
    Updated Duplex with Attached Garages

    5512 Washington Street, Merrillville, IN 46410

    $325,000
    0.23 AC lot

    Two leased units feature refreshed interiors, attached garages, and tenant-paid utilities.

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    Three-Unit Multifamily Building
    Three-Unit Multifamily Building

    645 Maryland St, Gary, IN 46402

    $99,900
    1,920 sqft

    Three residential units offer a defined multifamily configuration with mechanical systems installed and interior work ready for drywall.

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    6-Unit Apartment Buildings
    6-Unit Apartment Buildings

    2315 Industrial Boulevard, Gary, IN 46407

    $499,900
    6,457 sqft 0.22 AC lot

    Two-building multifamily property with renovated apartments, public utilities, and expansion capacity under existing zoning.

    View details

    Gary, IN Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Gary, IN, showcased through 62 active listings on our real estate platform. These investment opportunities span a total of 94,410 square feet of properties for sale, with an estimated market value of $13,848,204.

    Sale prices for multifamily properties in Gary, IN start at $60,000, averaging $355,082, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 30
    Triplexes 14
    Apartment buildings 9
    Quadplexes 4
    Mobile home & RV parks 1

    Demographics Overview

    Population 124K
    Population Growth (5Y) -7.7%
    Median Household Income $47,747
    College Educated 15.8%

    High-Yield Neighborhoods for Investment

    Identify Gary submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46409 $90K
    46408 $139.9K
    46402 $236.6K
    46407 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 7.93%
    Property Tax per SF $79.79 per SF
    Tax Rate vs County Average 6.93 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lake County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Gary fall within the 50,000 to 100,000 square foot range.

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    Most Searched ZIP Codes in Gary, IN

    • 46407
    • 46410
    • 46402
    • 46408
    • 46404
    • 46409
    • 46405
    • 46406

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