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    Merrillville, IN Residential Income 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 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
    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 Merrillville, 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.

    Highland Mixed-Use Investment Opportunity
    $339,000
    2,893 SF

    Highland Mixed-Use Investment Opportunity

    Mixed-use property in Highland's Business District with income potential.

    2923 Jewett Avenue, Highland, IN 46322
    View details
    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
    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
    Vacant Lot in Hobart, IN
    $35,000
    0.34 Acres

    Vacant Lot in Hobart, IN

    Vacant lot in Hobart, ideal for building or investment.

    7007 Lincolnway Street, Hobart, IN 46342
    View details

    Off-Market Properties in Merrillville, IN

    Consider similar Off-Market properties in Merrillville, 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.

    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
    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
    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
    5611 Broadway, Unit 13
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,775 SF Lot: 0.33 Acres
    Value Estimation by Request
    Unit 13

    5611 Broadway, Merrillville, IN 46410-2634

    View details
    6837 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6837 Pierce Dr, Merrillville, IN 46410-3364

    View details
    7302 Noble St
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,366 SF Lot: 0.49 Acres
    Value Estimation by Request

    7302 Noble St, Merrillville, IN 46410-7862

    View details
    7012 Carolina Pl
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,116 SF Lot: 0.33 Acres
    Value Estimation by Request

    7012 Carolina Pl, Merrillville, IN 46410-3974

    View details
    766 73rd Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,960 SF Lot: 0.38 Acres
    Value Estimation by Request

    766 73rd Ave, Merrillville, IN 46410-4785

    View details
    6829 Pierce Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6829 Pierce Dr, Merrillville, IN 46410-3364

    View details
    193 53rd Ave, Unit 99
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,639 SF Lot: 0.33 Acres
    Value Estimation by Request
    Unit 99

    193 53rd Ave, Merrillville, IN 46410-1528

    View details
    6871 Fillmore Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,308 SF Lot: 8.51 Acres
    Value Estimation by Request

    6871 Fillmore Dr, Merrillville, IN 46410-3357

    View details

    Merrillville, IN Residential Income Properties Investment Opportunities Market Analysis

    Explore 72 residential income properties for sale in Merrillville, IN, showcased through 6 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 $2,448,900.

    Sale prices for residential income properties in Merrillville, IN start at $499,900, averaging $816,300, 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
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    Top Commercial Asset Segments

    Multifamily properties 3
    Apartment buildings 1
    Duplexes 1
    Quadplexes 1

    Property Size Breakdown

    The majority of commercial real estate listings in Merrillville fall within the 100,000+ square foot range.

    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 median listing prices of real estate assets

    Neighborhood Average Price
    46410 $784.6K

    Taxes & Financing

    Tax Rate (average for all types) 2.32%
    Property Tax per SF $33.26 per sq ft
    Tax Rate vs County Average 0.75 pp below county avg
    Average Loan-to-Value 65.0%

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