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2228 Washington Street
Gary, IN 46407

$195,000 - Status: Active
MLS# 840398

Be a part of Gary's Comeback with this Turnkey Cash-Flowing Brick Duplex in the Heart of Gary's Revitalization Don't miss this opportunity to own a fully occupied, income-producing from day one brick duplex in one of Gary's most exciting investment corridors. Whether you're looking to expand your portfolio or purchase your first multifamily property, this investment offers immediate rental income from day one. Both units are currently occupied, with one tenant on a month-to-month lease providing future flexibility, while the second unit is leased through February 2027, offering stable, predictable cash flow. This property has been professionally managed and maintained, and the current property management company is available to continue management for a smooth, turnkey transition if desired. Location is everything, and this property is ideally situated in the heart of Gary's ongoing revitalization. With continued public and private investment throughout the area, you're not just purchasing a duplex, you're investing in a community experiencing meaningful redevelopment and renewed momentum. Enjoy strong rental demand today while positioning yourself to benefit from the area's long-term potential. The total rent right now is 1760 (which we know in today's market is on the low side) so rent both units and cash flow from day one or live in one unit and let the other tenant help you pay your mortgage down. Solid brick construction, immediate income, professional management, and an exceptional location make this a rare opportunity for investors seeking both cash flow and future upside. Schedule your showing today and secure your place in Gary's next chapter before this opportunity is gone.

Property Features

MLS#: 840398
Zip: 46407
Subdivision: C T L & L Co Add 06
Development: Calumet
Property Type: Multi Unit - Multiple
Days on Site: 55
Heating: Central
Lot Size: 0.14 acres
Stories: 2.0
Taxes: $1,126
Year Built: 1908

Appliances

Range Hood

Feature Descriptions

Interior Features: Granite Counters, High Ceilings
Lot Description: Back Yard, Rectangular Lot, Front Yard
Parking Features: On Street
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Water: Public

2228 Washington Street | MLS# 840398

This multi-family property located at 2228 Washington Street, Gary, IN 46407 is currently listed for sale with an asking price of $195,000. Search Gary real estate on www.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: Listing Leaders Affiliated
Agency Phone: (219) 384-7957

Shown By

Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121

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