Merrillville, IN Multifamily Properties for Sale

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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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Updated: Aug 18

Mixed-Use Property with Leased Spaces

2800 Dekalb Street, Lake Station, IN 46405

$550,000

1,005 sqft 0.16 AC lot

Four leased commercial spaces occupy the lower level
Three leased residential units are located above the commercial spaces
1,005 square feet on a 0.155‑acre parcel
Built in 1951
Central heating, gas range, and refrigerator

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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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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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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 Ranch Duplex

7083 Johnson Street, Merrillville, IN 46410

$278,685

1,469 sqft 0.15 AC lot

Under-construction duplex property with open living areas, public utilities, and attached garage parking.

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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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Updated Duplex with Attached Garages

5512 Washington Street, Merrillville, IN 46410

$325,000

10,062 sqft

Each residence combines two bedrooms, one bathroom, a garage, and refreshed interior finishes.

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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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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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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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Under-Construction Duplex with Deck

3021 W 82nd Place, Merrillville, IN 46410

$367,400

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

3023 W 82nd Place, Merrillville, IN 46410

$367,400

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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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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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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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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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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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 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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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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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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Six-Unit Apartment Property

2315 Industrial Boulevard, Gary, IN 46407

$499,900

6,457 sqft 0.22 AC lot

Two-building multifamily asset with updated HVAC, public utilities, and a detached residential unit.

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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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Three-Unit Apartment Building

1653 W 10th Place, Gary, IN 46404

$249,900

0.06 AC lot

One residence is occupied, while two upper-level units are vacant and ready for leasing.

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Merrillville, IN Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Merrillville, IN, showcased through 65 active listings on our real estate platform. These investment opportunities span a total of 73,079 square feet of properties for sale, with an estimated market value of $12,060,304.

Sale prices for multifamily properties in Merrillville, IN start at $60,000, averaging $309,238, and reaching up to $1,050,000 — 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

Demographics Overview

Population 39K

Population Growth (5Y) +2.0%

Median Household Income $61,735

College Educated 16.4%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
46410	$352.2K

Taxes & Financing

Tax Rate (average for all types) 2.32%

Property Tax per SF $33.26 per SF

Tax Rate vs County Average 0.75 pp below 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 Merrillville fall within the 100,000+ square foot range.

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