Movoto Real Estate
  • Exterior
  • Kitchen
  • Bath
  • Living
  • Bedroom
  • Other

2228 Washington St, Gary, IN 46407

$195,000
•
  • 4

    bed

  • 2

    bath

Multi-family for sale 118 days
$2.9K price drop

About 2228 Washington St

Property type Multi-family
Neighborhood
Year built 1908
HOA fee $0/month
Lot size 6,055 Sqft
Movoto estimate
Property description
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.
Listed by
Listing Agent - Rebecca Olson
Listing Agent Contact: (219) 384-7957
Listing Office - Listing Leaders Affiliated
Source: NIRA mls logo
MLS#840398 • last updated 2 months ago
Movoto checked NIRA for data 12 minutes ago
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Overview
Heating Central
Levels/Style Two
Type Residential Income
SubType Duplex
Status Active
MLS # 840398
Lot Size (Acres) 0.139
Lot Size (SqFt) 6055
Property Tax 1126
Year Built 1908
Interior
Total # of Bathrooms 2
# of Full Baths 2
# Bedrooms 4
Interior Features Granite Counters, High Ceilings
Appliances Range Hood
Exterior
Parking Desc On Street
Lot Desc Back Yard, Rectangular Lot, Front Yard
Patio/Porch Deck, Porch
Amenities / Utilities
Water Source Public
Pets Allowed Breed Restrictions
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Location
View Neighborhood
County Lake
Subdivision C T L & L Co Add 6
Directions Broadway To 23rd Ave To Washington St
APN 450816235028000000
Multifamily Details
Owner Pays Management, Taxes
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