816 Pennsylvania Street, Gary, IN 46402

  • Open House
  • New Listing
  • Virtual Tour
  • Coming Soon
  • Price Reduced

 $520,000

  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 7,221 Sq.Ft.
  • Commercial Sale
  • Active
  • MLS# 836606
  • Floor Plan
  • Sold On
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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.

Property Details 816 Pennsylvania Street, Gary, IN 46402

  • On Market Date: 04/06/2026
  • Year Built: 1922
  • Sq. Ft.: 7,221
  • MLS#: 836606
  • Type: Commercial Sale
  • Status: Active
  • Lot Size: 3,746
  • Price: $520,000
  • City: Gary
  • State: IN
  • Zip: 46402
  • County: Lake
  • Price Per Sq Ft: $72
  • Development: NO
  • Date Last Updated: 04/06/2026
  • Property tax: $2,634
  • Basement: Yes
  • Pool: NO
  • Water: Public
  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Central Air

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