816 Pennsylvania St - Apartments FOR SALE


Gary, IN 46402- Emerson
$520,000 USD
219-301-6114
816 Pennsylvania St, Gary, IN for Sale
$520,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

816 Pennsylvania St
Gary, IN 46402
Emerson


OVERVIEW

Turnkey investment opportunity in Gary, Indiana! This fully renovated 8-unit building is already 7 out of 8 units rented, offering immediate and reliable income with minimal lease-up needed. The property features a desirable mix of one-, two-, and three-bedroom units, appealing to a wide range of tenants. The photos provided showcase the property post-rehab, prior to the current tenants moving in—highlighting the quality of renovations and thoughtful updates throughout. Modern improvements blend seamlessly with original character details, including charming built-ins and classic woodwork. Ideally located with convenient access to IN-53, I-65, and I-80/94, this property is well-positioned for commuters and continued tenant demand. With strong occupancy and a growing rental market, this is a solid, income-producing addition to any portfolio. Schedule your showing today! Property sold AS IS.

FOR SALE DETAILS

PRICE

$520,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

8

PRICE/UNIT

$65,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

816 Pennsylvania

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C

APN/PARCEL ID

45-08-03-357-014.000-004

ASK ABOUT THIS PROPERTY

Kiyah MarshallProperty BossMore Info
219-301-6114

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Kiyah MarshallProperty BossMore Info
219-301-6114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.