Gary, IN Triplexes for Sale

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Updated: Aug 3

Three-Unit Apartment Building

1653 W 10th Pl, Gary, IN 46404

$249,900

1,449 sqft

3‑unit apartment building built in 1905
Two 2‑bedroom, 1‑bathroom units of approximately 850 square feet each
Third unit includes 1 bedroom, 1 bathroom, and approximately 700 square feet
Main‑floor unit is occupied; two upper units are vacant and move‑in ready
Large fenced yard provides additional outdoor space

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This listing looks promising.

Here's a quick look at some key insights for

1653 W 10th Pl, Gary, IN

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Est. Cap Rate

5.8%
NOI ÷ price
Est. NOI

$14K
Annual
Price @ 7% Cap

$206K
Suggested
Property Type

Single Family Residence
Built 1905

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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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Triplex Apartment Building

1653 W 10th Place, Gary, IN 46404

$249,900

0.06 AC lot

One occupied residence and two vacant units provide immediate leasing flexibility.

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Triplex Property with Basement

1531 Van Buren Street, Gary, IN 46407

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0.07 AC lot

Residential property with potential for three rental units and public utilities in Gary.

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Three-Unit Multifamily Property

645 Maryland Street, Gary, IN 46402

$99,900

0.09 AC lot

Interior mechanical systems are installed, and the building is prepared for the next drywall phase.

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Triplex with Basement

3685 Massachusetts Street, Gary, IN 46409

$84,999

0.11 AC lot

Three-unit residential property with a basement, public water, public sewer, and select newer windows.

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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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Three-Unit Residential Property

1531 Van Buren St, Gary, IN 46407

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1,104 sqft

Residential income property with potential for three separate rental units in Gary.

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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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Recently Renovated Triplex

564 Carolina Street, Gary, IN 46402

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Recently renovated triplex with three updated units, two tenant-occupied and a large yard.

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Three-Unit Residential Income Property

1370 Van Buren St, Gary, IN 46407

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Well-built three-unit property with each unit featuring 3 bedrooms and 1 bathroom, sold as-is.

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Three-Unit Residential Income Property

1325 Van Buren Pl, Gary, IN 46407

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Three-unit building with one bathroom per unit, sold as-is and ready for rehabilitation.

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Three-Unit Residential Income Property

1346 Van Buren St, Gary, IN 46407

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Well-kept three-unit property with two bedrooms and one bathroom per unit and hardwood flooring throughout.

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Triplex Requiring Renovation

1329 Van Buren St, Gary, IN 46407

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As-is three-unit property suited to a renovation plan in Gary, Indiana.

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Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 14 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Triplex with Detached Coach House

5008 Alexander Avenue, East Chicago, IN 46312

$132,500

3,550 sqft

Triplex with coach house in established neighborhood, investor special.

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3-Unit Residential Income Property

1533 North Broad Street, Griffith, IN 46319

$449,000

1,694 sqft

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

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Buildout-Ready Office Building

131-139 S Broad St, Griffith, IN 46319

$1,400,000

Vanilla-box office space is positioned alongside a fully leased multifamily property on a downtown corner lot.

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Three-Unit Brick Income Property

4924 Euclid Avenue, East Chicago, IN 46312

Contact for pricing

Three-unit brick home with two main-floor units and a 3-bedroom garden unit, sold as-is and requiring TLC.

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Gary, IN Triplexes Market Trends and Statistics

Explore 14 triplexes for sale in Gary, IN, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 7,728 square feet of properties for sale, with an estimated market value of $1,549,599.

Sale prices for three-family homes in Gary, IN start at $84,999, averaging $221,371, and reaching up to $550,000 — 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 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
46407	$39K
46409	$90K
46402	$275K

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

Office

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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