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816 Pennsylvania 816 Pennsylvania St 8 Unit Apartment Building $719,716 CAD ($89,965 CAD/Unit) Gary, IN 46402
Executive Summary
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.
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Property Facts
| Price | $719,716 CAD | Building Class | C |
| Price Per Unit | $89,965 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 5,816 SF |
| Gross Rent Multiplier | 6 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C - Used for residential use. | ||
| Price | $719,716 CAD |
| Price Per Unit | $89,965 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 6 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,816 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1922 |
| Opportunity Zone |
Yes |
| Zoning | C - Used for residential use. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45-08-03-357-014.000-004 | Improvements Assessment | $145,051 CAD |
| Land Assessment | $3,875 CAD | Total Assessment | $148,926 CAD |
Property Taxes
Parcel Number
45-08-03-357-014.000-004
Land Assessment
$3,875 CAD
Improvements Assessment
$145,051 CAD
Total Assessment
$148,926 CAD
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816 Pennsylvania | 816 Pennsylvania St
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