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Listed price in listed location currency (USD).
$430,000

8410

MLS® 839563

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size 3596 sqft
Garage 
Taxes $3,018
Days Active 2
Lot Size 
Approx. Age 1964
Avg. Price Per Sqft $119
MLS® Number 839563

Property Address: 5340 Pennsylvania Street, Merrillville, IN, 46410

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity! Fully occupied 4-unit building featuring all 2 bed, 1 bath units with strong rental demand in the area. Current rents are Unit A at 900/month (lease ending 9/30/2026), Unit B at 725/month with tenant vacating 6/30/2026 creating the perfect opportunity to update the unit and bring rents closer to market value, Unit C at 900/month (lease ending 2/28/2027), and Unit D at 975/month (lease ending 11/30/2026). Market rents for 2 bed, 1 bath units in the area are currently averaging approximately 1, 000-1, 200/month, offering strong upside potential for investors looking to increase cash flow over time. Based on pro forma market rents, the property has the potential to generate approximately 4, 000-4, 800 per month in gross rental income. Property features include a private backyard, two storage sheds, and separately metered gas and electric utilities paid by tenants. Owner currently pays water, trash, and sewage. Great opportunity for both seasoned investors and buyers looking to grow their portfolio with a value-add multifamily property.
MLS® Number839563
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1964
BasementFull, Unfinished
DrivewayPaved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 26, 2026List Date
$430,000List Price

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