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    Merrillville, IN Triplexes for Sale

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    Triplex Apartment Building
    Updated: Aug 3
    Triplex Apartment Building

    1653 W 10th Place, Gary, IN 46404

    $249,900
    0.06 AC lot
    Three‑unit apartment building with two 2‑bedroom units and one 1‑bedroom unit
    Two residences offer approximately 850 square feet each; third unit offers approximately 700 square feet
    Main‑floor unit is occupied; two upper units are vacant and available for leasing
    Large fenced yard provides private outdoor space
    Built in 1905
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    Three-Unit Triplex
    Updated: Jul 29
    Three-Unit Triplex

    1531 Van Buren Street, Gary, IN 46407

    $39,000
    0.07 AC lot
    Three possible units to rent, live in one or rent all three
    0.07‑acre lot
    Built in 1922
    Hot water and baseboard heating
    Public water and public sewer
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    Triplex with Updated Roof and Windows
    Triplex with Updated Roof and Windows

    3685 Massachusetts Street, Gary, IN 46409

    $89,999
    0.11 AC lot

    Triplex in Gary with a newer roof, some new windows, and public water and sewer service.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Brick Three-Unit Residential Building
    Brick Three-Unit Residential Building

    532 Connecticut Street, Gary, IN 46402

    $440,000
    4,005 sqft

    Three-unit brick property with two full bathrooms per floor and private back porches for each unit.

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    3-Unit Multifamily with High Ceilings
    3-Unit Multifamily with High Ceilings

    645 Maryland Street, Gary, IN 46402

    $99,900
    0.09 AC lot

    Three-unit triplex with high ceilings, forced-air heating, and on-street parking on public water and sewer.

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    Three-Unit Multifamily Building
    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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    Liberty Estates Mixed-Use Development
    Liberty Estates Mixed-Use Development

    8731 Chase St, Merrillville, IN 46410

    Contact for pricing
    300.00 AC lot

    Phase 8 of Liberty Estates with 236 mixed residential units.

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    Three-Unit Apartment Building
    Three-Unit Apartment Building

    1653 W 10th Place, Gary, IN 46404

    Contact for pricing

    Two upper residences are vacant and ready for leasing, while the ground-level unit is occupied.

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    Recently Renovated Triplex
    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
    Three-Unit Residential Income Property

    1370 Van Buren St, Gary, IN 46407

    Contact for pricing

    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
    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
    Three-Unit Residential Income Property

    1346 Van Buren St, Gary, IN 46407

    Contact for pricing

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

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 12 Active listings in Merrillville, 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.

    3-Unit Multifamily Property
    3-Unit Multifamily Property

    10-12 Waltham Street, Hammond, IN 46320

    $139,900
    0.14 AC lot

    Multifamily building with varied unit layouts, a basement, porch, and public utilities in Hammond.

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    Hammond Multifamily Investment Opportunity
    Hammond Multifamily Investment Opportunity

    10-12 Waltham Street, Hammond, IN 46320

    Contact for pricing
    2,808 sqft

    Three-unit multifamily property in Hammond with strong rental potential.

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    Triplex with Detached Coach House
    Triplex with Detached Coach House

    5008 Alexander Avenue, East Chicago, IN 46312

    Contact for pricing

    Triplex with coach house in established neighborhood, investor special.

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    Three-Unit Brick Income Property
    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.

    View details

    Merrillville, IN Triplexes Market Trends and Statistics

    Explore 12 triplexes for sale in Merrillville, IN, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 5,925 square feet of properties for sale, with an estimated market value of $1,018,699.

    Sale prices for three-family homes in Merrillville, IN start at $39,000, averaging $169,783, and reaching up to $440,000 — 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

    Duplexes 17
    Quadplexes 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 39K
    Population Growth (5Y) +2.0%
    Median Household Income $61,735
    College Educated 16.4%

    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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    Most Searched ZIP Codes in Merrillville, IN

    • 46402
    • 46407
    • 46404
    • 46409
    • 46410

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