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    Gary, IN Multifamily Properties for Sale

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    Griffith, IN Hammond, IN Hobart, IN
    6 results
    Gary Multifamily Investment Opportunity
    $499,900
    6,457 SF

    Gary Multifamily Investment Opportunity

    2315 Industrial Boulevard, Gary, IN 46407

    Six-unit multifamily property with redevelopment potential in Gary, Indiana.

    • High‑potential multifamily asset with 6 units on one lot in a prime location.
    • Zoned for up to 9 units, offering a significant opportunity for expansion.
    • Vacant units provide flexibility for immediate renovation, leasing, or redevelopment strategies.
    • Main 5‑unit building features spacious 989 sqft apartments with 2 bedrooms, 1 bathroom, and 10' ceilings.
    • Updated HVAC systems and renovated units in the 5‑unit building provide a strong foundation for immediate income production.
    Updated: Apr 6
    View details
    Spacious Remodeled Duplex in Merrillville
    $569,000
    6,000 SF

    Spacious Remodeled Duplex in Merrillville

    7932-7934 Whitcomb Street, Merrillville, IN 46410

    Remodeled duplex with multi-generational living or investment potential.

    • Just under 6,000 sq ft, fully remodeled duplex (2021).
    • Ideal for multi‑generational living or investment.
    • 7932 Whitcomb: 4 bedrooms, 3 bathrooms, including two separate suites.
    • 7934 Whitcomb: 3 bedrooms, 3 bathrooms, with a versatile bonus room and 2‑car garage with workshop.
    • Both units feature updated kitchens with ample cabinet/pantry storage and newer windows throughout.
    Updated: Apr 12
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    Updated Duplex in Gary, Indiana
    $179,900
    0.21 Acres

    Updated Duplex in Gary, Indiana

    Income-producing duplex with Airbnb setup, ideal for first-time investors.

    2023 Vermont Street, Gary, IN 46407
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    Merrillville Four-Unit Multifamily Property
    $434,900
    0.35 Acres

    Merrillville Four-Unit Multifamily Property

    Four-unit building in Merrillville with recent updates and separate utilities.

    5625 Massachusetts Street, Merrillville, IN 46410
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    Gary, IN Multifamily Property
    Contact for pricing
    0.10 Acres

    Gary, IN Multifamily Property

    Two-unit multifamily property in Gary, Indiana, for sale.

    1937 Martin Luther King Drive, Gary, IN 46407
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    Northwest Indiana Multifamily Investment
    $1,350,000
    8,624 SF

    Northwest Indiana Multifamily Investment

    Well-maintained 8-unit multifamily property with strong cash flow.

    1080 W 85th Ave, Merrillville, IN 46410
    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Griffith Triplex on One Acre
    $285,000
    1.01 Acres

    Griffith Triplex on One Acre

    Three homes on one acre in Griffith, Indiana.

    1910 S Calhoun Street, Griffith, IN 46319
    View details
    Mixed-Use Investment Property
    $850,000
    8,280 SF

    Mixed-Use Investment Property

    Six-unit mixed-use property in Downtown Highland for sale.

    2910 Highway Ave, Highland, IN
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    Investor-Ready Duplex with Extra Lot
    $319,900

    Investor-Ready Duplex with Extra Lot

    Updated duplex with immediate income and adjacent lot included.

    132-136 S Elgin Street, Griffith, IN 46319
    View details
    Highland Mixed-Use Building For Sale
    $699,000
    4,144 SF

    Highland Mixed-Use Building For Sale

    Mixed-use building with apartments and retail space in Highland, Indiana.

    2904 45th St, Highland, IN
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Wooded Homesite in Wheatfield, Indiana
    Contact for pricing
    0.57 Acres

    Wooded Homesite in Wheatfield, Indiana

    Spacious, wooded 0.57-acre lot in established neighborhood.

    4418 Oakland Court, Wheatfield, IN 46392
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    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    View details
    Land For Sale, Lakemoor, IL
    Contact for pricing
    0.12 Acres

    Land For Sale, Lakemoor, IL

    Commercial land available in Lakemoor, Illinois.

    27 Oyster Bay, Lakemoor, IL 60051
    View details

    Off-Market Properties in Gary, IN

    Consider similar Off-Market properties in Gary, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2450 County Line Rd
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,392 SF Lot: 0.36 Acres
    Value Estimation by Request

    2450 County Line Rd, Lake Station, IN 46405-2676

    View details
    304 6th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,872 SF Lot: 0.09 Acres
    Value Estimation by Request

    304 6th Ave, Gary, IN 46402-2021

    View details
    441 Connecticut St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,861 SF Lot: 0.09 Acres
    Value Estimation by Request

    441 Connecticut St, Gary, IN 46402-1312

    View details
    1510 86th Ln
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,860 SF Lot: 0.43 Acres
    Value Estimation by Request

    1510 86th Ln, Merrillville, IN 46410-6458

    View details
    667 Van Buren St
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,216 SF Lot: 0.16 Acres
    Value Estimation by Request

    667 Van Buren St, Gary, IN 46402-2240

    View details
    332 Brg St
    APARTMENT HOUSE (UNDER 5 UNITS)
    5,400 SF Lot: 0.26 Acres
    Value Estimation by Request

    332 Brg St, Gary, IN 46404-1034

    View details
    604 Kentucky St, Unit 14
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,680 SF Lot: 0.19 Acres
    Value Estimation by Request
    Unit 14

    604 Kentucky St, Gary, IN 46402-2615

    View details
    1381 Van Buren St
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,942 SF Lot: 0.17 Acres
    Value Estimation by Request

    1381 Van Buren St, Gary, IN 46407-1126

    View details
    702 72nd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    6,882 SF Lot: 0.43 Acres
    Value Estimation by Request

    702 72nd Ave, Merrillville, IN 46410-3624

    View details
    5925 Jefferson St, Unit 31
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,673 SF Lot: 0.36 Acres
    Value Estimation by Request
    Unit 31

    5925 Jefferson St, Merrillville, IN 46410-2525

    View details
    6833 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6833 Pierce Dr, Merrillville, IN 46410-3364

    View details
    7025 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    7025 Fillmore Dr, Merrillville, IN 46410-3361

    View details
    6946 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6946 Fillmore Dr, Merrillville, IN 46410-3360

    View details
    6827 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6827 Pierce Dr, Merrillville, IN 46410-3364

    View details
    2775 Dekalb St
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,152 SF Lot: 0.12 Acres
    Value Estimation by Request

    2775 Dekalb St, Lake Station, IN 46405-1520

    View details
    7011 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    7011 Fillmore Dr, Merrillville, IN 46410-3361

    View details
    6821 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6821 Pierce Dr, Merrillville, IN 46410-3364

    View details
    7022 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    7022 Fillmore Dr, Merrillville, IN 46410-3362

    View details

    Gary, IN Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Gary, IN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 15,081 square feet of properties for sale, with an estimated market value of $1,849,900.

    Sale prices for multifamily properties in Gary, IN start at $499,900, averaging $924,950, and reaching up to $1,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Duplexes 3
    Apartment buildings 2
    Quadplexes 1
    Short term rental properties 1

    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    46407 $244.8K

    Taxes & Financing

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

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