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    Gary, IN Residential Income Properties for Sale

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    Hammond, IN Hobart, IN Griffith, IN
    7 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
    Merrillville Four-Unit Investment Opportunity
    $584,900
    4,320 SF

    Merrillville Four-Unit Investment Opportunity

    135 W 57th Avenue, Merrillville, IN 46410

    Fully brick 4-unit property with cash flow and value-add potential.

    • Strong cash flow potential with value‑add upside due to below‑market rents.
    • Each unit features 2 bedrooms and 1 bathroom, offering approximately 1,080 square feet.
    • Attached garage space for each unit accessed through a drive‑down basement.
    • Fully brick 4‑unit building on a corner lot.
    • Minutes from a main corridor with shopping, dining, and everyday conveniences.
    Updated: Apr 27
    View details
    Spacious Remodeled Duplex in Merrillville
    $599,000
    0.41 Acres

    Spacious Remodeled Duplex in Merrillville

    Remodeled duplex with multi-generational living or investment potential.

    7932-7934 Whitcomb Street, Merrillville, IN 46410
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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
    View details
    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 368 Potential Opportunities for your consideration. Besides 7 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 353 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.

    Renovated Duplex on Acreage
    $449,900
    1,200 SF

    Renovated Duplex on Acreage

    Turnkey investment: two homes on one large lot.

    1735 S Fairbanks 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
    View details
    Updated Townhome with Den
    $270,000
    1,540 SF

    Updated Townhome with Den

    Open concept, 2 bed, 2 bath townhome near Chicago.

    1017 N Woodlawn Avenue, 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.

    Residential Land in Quiet Neighborhood
    Contact for pricing
    0.31 Acres

    Residential Land in Quiet Neighborhood

    Large lot suitable for modular or manufactured home.

    2600 Bl. W 38th Avenue, Hobart, IN 46342
    View details
    Merrillville Land Opportunity
    $350,000
    37.18 Acres

    Merrillville Land Opportunity

    Over 37 acres available for residential development or private oasis.

    7530 Madison Street, Merrillville, IN 46410
    View details
    Downtown Gary Development Opportunity
    $200,000
    0.24 Acres

    Downtown Gary Development Opportunity

    Prime location near planned revitalization, ideal for high-density housing.

    420 Adams Street, Gary, IN 46402
    View details
    Lake Michigan View Lot
    $175,000
    0.11 Acres

    Lake Michigan View Lot

    Residential or multi-family development lot near Indiana Dunes National Park.

    741 N Lake Street, Gary, IN 46403
    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

    2450 County Line Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,392 SF
    Value Estimation by Request
    2450 County Line Rd, Lake Station, IN 46405-2676
    View details
    304 6th Ave

    304 6th Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,872 SF
    Value Estimation by Request
    304 6th Ave, Gary, IN 46402-2021
    View details
    441 Connecticut St

    441 Connecticut St

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,861 SF
    Value Estimation by Request
    441 Connecticut St, Gary, IN 46402-1312
    View details
    1510 86th Ln

    1510 86th Ln

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,860 SF
    Value Estimation by Request
    1510 86th Ln, Merrillville, IN 46410-6458
    View details
    667 Van Buren St

    667 Van Buren St

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,216 SF
    Value Estimation by Request
    667 Van Buren St, Gary, IN 46402-2240
    View details
    332 Brg St

    332 Brg St

    APARTMENT HOUSE (UNDER 5 UNITS) • 5,400 SF
    Value Estimation by Request
    332 Brg St, Gary, IN 46404-1034
    View details
    604 Kentucky St, Unit 14

    604 Kentucky St, Unit 14

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,680 SF
    Value Estimation by Request
    604 Kentucky St, Gary, IN 46402-2615
    View details
    1381 Van Buren St

    1381 Van Buren St

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,942 SF
    Value Estimation by Request
    1381 Van Buren St, Gary, IN 46407-1126
    View details
    702 72nd Ave

    702 72nd Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 6,882 SF
    Value Estimation by Request
    702 72nd Ave, Merrillville, IN 46410-3624
    View details
    5925 Jefferson St, Unit 31

    5925 Jefferson St, Unit 31

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,673 SF
    Value Estimation by Request
    5925 Jefferson St, Merrillville, IN 46410-2525
    View details
    6833 Pierce Dr

    6833 Pierce Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
    Value Estimation by Request
    6833 Pierce Dr, Merrillville, IN 46410-3364
    View details
    7025 Fillmore Dr

    7025 Fillmore Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
    Value Estimation by Request
    7025 Fillmore Dr, Merrillville, IN 46410-3361
    View details
    6946 Fillmore Dr

    6946 Fillmore Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
    Value Estimation by Request
    6946 Fillmore Dr, Merrillville, IN 46410-3360
    View details
    6827 Pierce Dr

    6827 Pierce Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
    Value Estimation by Request
    6827 Pierce Dr, Merrillville, IN 46410-3364
    View details
    2775 Dekalb St

    2775 Dekalb St

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,152 SF
    Value Estimation by Request
    2775 Dekalb St, Lake Station, IN 46405-1520
    View details
    7011 Fillmore Dr

    7011 Fillmore Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
    Value Estimation by Request
    7011 Fillmore Dr, Merrillville, IN 46410-3361
    View details
    6821 Pierce Dr

    6821 Pierce Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,308 SF
    Value Estimation by Request
    6821 Pierce Dr, Merrillville, IN 46410-3364
    View details

    Gary, IN Residential Income Properties Investment Opportunities Market Analysis

    Explore 360 residential income properties for sale in Gary, IN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 19,401 square feet of properties for sale, with an estimated market value of $2,434,800.

    Sale prices for residential income properties in Gary, IN start at $499,900, averaging $811,600, 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

    Multifamily properties 7
    Duplexes 3
    Apartment buildings 2
    Quadplexes 2
    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 Strategic 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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