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Gary, IN

Residential Income

Gary, IN Residential Income Properties for Sale

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Griffith, IN Hammond, IN Highland, IN

11 properties

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Spacious Remodeled Duplex in Merrillville

Updated: Apr 12

Spacious Remodeled Duplex in Merrillville

7932-7934 Whitcomb Street, Merrillville, IN 46410

$569,000

6,000 sqft · 0.41 AC lot

Just under 6,000 SF fully remodeled in 2021, offering two separate suites for multi‑generational living or an investment setup
7932 Whitcomb features 4 bedrooms and 3 bathrooms, with a main‑level primary suite plus an additional flex space and bonus room near the 3‑car garage
7934 Whitcomb features 3 bedrooms and 3 bathrooms, plus a versatile bonus room and a 2‑car garage with a dedicated workshop area
Both units have newer windows, with open, bright main living areas and kitchens with ample cabinet and pantry storage
Appliances include stainless steel options, refrigerator, microwave, gas cooktop, and dishwasher

Gary Multifamily Investment Opportunity

Updated: Apr 6

Gary Multifamily Investment Opportunity

2315 Industrial Boulevard, Gary, IN 46407

$499,900

6,457 sqft · 0.22 AC lot

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 Duplex in Gary, Indiana

Updated Duplex in Gary, Indiana

2023 Vermont Street, Gary, IN 46407

$179,900

0.21 AC lot

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

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Fire-Damaged 1.5-Story Home

Fire-Damaged 1.5-Story Home

4406 Cleveland Street, Gary, IN 46408

$149,900

0.25 AC lot

Fire-damaged 1½-story home with three bedrooms and two baths, needing interior work after conversion from two units.

Two-Unit Income Property

Two-Unit Income Property

351-353 Fillmore Street, Gary, IN 46402

$159,900

0.10 AC lot

Remodeled duplex with two similar units, each offering two bedrooms, a full bath, kitchen, living room, and basement.

Bi-Level Duplex For Sale

Bi-Level Duplex For Sale

1297-1299 W 15th Avenue, Gary, IN 46407

$97,500

0.16 AC lot

Two bi-level units offer an as-is, renovation-minded duplex setup for income-focused buyers and investors.

Multi-Family with Updated Roof

Multi-Family with Updated Roof

3685 Massachusetts Street, Gary, IN 46409

$99,999

0.11 AC lot

Residential income property in Gary with a roof a couple years old and some newer windows.

Two-Unit Duplex Investment

Two-Unit Duplex Investment

1937 Martin Luther King Drive, Gary, IN 46407

Contact for pricing

0.10 AC lot

Two-unit residential income property sold as-is with cash offers only.

Northwest Indiana Multifamily Investment

Northwest Indiana Multifamily Investment

1080 W 85th Ave, Merrillville, IN 46410

$1,350,000

8,624 sqft

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

Bi-Level Duplex With Two Units

Bi-Level Duplex With Two Units

1297-1299 W 15th Avenue, Gary, IN 46407

$97,500

Bi-level duplex with upper and lower units, offered as-is, suited for investors or owner-occupants seeking renovation value.

Multifamily Property For Sale

Multifamily Property For Sale

1301 Pennsylvania St, Gary, IN 46407

$469,000

Multifamily property available for purchase in Gary, Indiana.

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 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.

Limestone Ranch Duplex with Finished Basement

Limestone Ranch Duplex with Finished Basement

704 N Oakwood Drive, Griffith, IN 46319

$315,000

0.39 AC lot

Two-unit limestone ranch includes a studio, two-bedroom, finished basement, 3-car garage, and conversion flexibility.

Mixed-Use Investment Property

Mixed-Use Investment Property

2910 Highway Ave, Highland, IN

$820,000

8,280 sqft · 0.38 AC lot

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

3-Unit Residential Income Property

3-Unit Residential Income Property

1533 N Broad Street, Griffith, IN 46319

$449,000

Three well-appointed units with in-unit laundry and recent upgrades, including multiple HVAC components and updated electrical.

Highland Mixed-Use Building For Sale

Highland Mixed-Use Building For Sale

2904 45th St, Highland, IN

$699,000

4,144 sqft · 0.54 AC lot

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

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

Residential Land in Quiet Neighborhood

2600 Bl. W 38th Avenue, Hobart, IN 46342

Contact for pricing

0.31 AC lot

Large lot suitable for modular or manufactured home.

Downtown Gary Development Opportunity

Downtown Gary Development Opportunity

420 Adams Street, Gary, IN 46402

$200,000

0.24 AC lot

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

Merrillville Land Opportunity

Merrillville Land Opportunity

7530 Madison Street, Merrillville, IN 46410

$350,000

37.18 AC lot

Over 37 acres available for residential development or private oasis.

Vacant Lot in Hobart, IN

Vacant Lot in Hobart, IN

7007 Lincolnway Street, Hobart, IN 46342

$35,000

0.34 AC lot

Vacant lot in Hobart, ideal for building or investment.

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)

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

Value Estimation by Request

3,392 sqft · 0.36 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

304 6th Ave, Gary, IN 46402-2021

Value Estimation by Request

4,872 sqft · 0.09 AC lot

441 Connecticut St

APARTMENT HOUSE (UNDER 5 UNITS)

441 Connecticut St, Gary, IN 46402-1312

Value Estimation by Request

3,861 sqft · 0.09 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

1510 86th Ln, Merrillville, IN 46410-6458

Value Estimation by Request

4,860 sqft · 0.43 AC lot

667 Van Buren St

APARTMENT HOUSE (UNDER 5 UNITS)

667 Van Buren St, Gary, IN 46402-2240

Value Estimation by Request

4,216 sqft · 0.16 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

332 Brg St, Gary, IN 46404-1034

Value Estimation by Request

5,400 sqft · 0.26 AC lot

604 Kentucky St, Unit 14

APARTMENT HOUSE (UNDER 5 UNITS)

604 Kentucky St, Gary, IN 46402-2615

Unit 14

Value Estimation by Request

4,680 sqft · 0.19 AC lot

1381 Van Buren St

APARTMENT HOUSE (UNDER 5 UNITS)

1381 Van Buren St, Gary, IN 46407-1126

Value Estimation by Request

4,942 sqft · 0.17 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

702 72nd Ave, Merrillville, IN 46410-3624

Value Estimation by Request

6,882 sqft · 0.43 AC lot

5925 Jefferson St, Unit 31

APARTMENT HOUSE (UNDER 5 UNITS)

5925 Jefferson St, Merrillville, IN 46410-2525

Unit 31

Value Estimation by Request

2,673 sqft · 0.36 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

6833 Pierce Dr, Merrillville, IN 46410-3364

Value Estimation by Request

4,308 sqft · 8.51 AC lot

7025 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS)

7025 Fillmore Dr, Merrillville, IN 46410-3361

Value Estimation by Request

4,308 sqft · 8.51 AC lot

6946 Fillmore Dr

APARTMENT HOUSE (UNDER 5 UNITS)

6946 Fillmore Dr, Merrillville, IN 46410-3360

Value Estimation by Request

4,308 sqft · 8.51 AC lot

Gary, IN Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Gary, IN, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 21,081 square feet of properties for sale, with an estimated market value of $2,418,900.

Sale prices for residential income properties in Gary, IN start at $499,900, averaging $806,300, 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

Commercial property segments ranked by active listings on the market

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
46402	$159.9K
46407	$175K

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

Retail

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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