$455,000

beds

baths

3,710

square ft

5629 Massachusetts Street

Merrillville, Indiana 46410

Closed / MLS #826811 / Multiple Unit (2-4) / Merrillville

Listing information updated 11/18/2025 at 6:04am

Welcome to 5629 Massachusetts Street in Merrillville, a solid brick four-unit multifamily property available mid-August. This well-maintained building offers a reliable rental history, recent updates, and opportunities for future value growth.The property includes four fully leased apartments. The bottom two units (1 and 2) feature brand-new tenants with one-year leases starting September 15. Unit 3 is a two-bedroom currently on a month-to-month lease with garage access, offering an excellent opportunity for updates and increased rent in the future. Unit 4 has a tenant with a newly renewed lease. Owner-paid utilities for the bottom two units include electric, gas, water, trash, and sewer, averaging about 400 per month. Additional income is generated by a coin-operated washer and dryer on site, which typically produces 70 to 100 per month.Recent improvements add to the appeal of this investment, including a new roof and gutters installed approximately four years ago, along with at least two new AC units. Each apartment comes equipped with its own range and refrigerator, all included in the sale.With excellent annual rent, plus laundry income, this property provides stable returns with clear upside potential. It is an excellent opportunity for investors seeking both immediate income and long-term growth.

Full Features

Basement:

Daylight,Walk-Out Access,Finished

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air

Appliances:

Built-In Gas Range, Refrigerator, Gas Water Heater, Dryer

Pool:

Age:

52 Years

Parking Type:

Additional Parking,On Street

Parking Spaces:

Garage:

Additional Parking,On Street

Room Count:

Water Front:

Square Feet:

3,710

Lot Size:

0.231 Acres

Acreage:

0.231

Taxes & Assessments

Tax Amount:

$5,842

Tax Year:

2024

Location

Zip Code:

46410

City:

Merrillville

County:

Lake

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Basement:

Daylight,Walk-Out Access,Finished

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air

Appliances:

Built-In Gas Range, Refrigerator, Gas Water Heater, Dryer

Pool:

Age:

52 Years

Parking Type:

Additional Parking,On Street

Parking Spaces:

Garage:

Additional Parking,On Street

Room Count:

Water Front:

Square Feet:

3,710

Lot Size:

0.231 Acres

Acreage:

0.231

Tax Amount:

$5,842

Tax Year:

2024

Zip Code:

46410

City:

Merrillville

County:

Lake

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Compass Indiana, LLC

Listing Office Phone: 317.563.5051

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/18/2025 at 6:04am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.