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$195,000
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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.
Full Property Details
Full Property Details for 2228 Washington St
General
- Price: $195,000
- Taxes: $1,126 (2024)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 840398
- Updated: 8/4/2026
- Added to Site: 69 day(s) ago
Interior
- Interior Features: Granite Counters, High Ceilings
- Appliances: Range Hood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Parking Features: On Street
Location
- County: Lake
- Township: Calumet
- Subdivision: C T L & L Co Add 06
- Driving Directions: Broadway to 23rd ave to Washington St
Heating & Cooling
- Heating Type: Central
Structural Information
- Year Built: 1908
Lot Features
- Lot Size (Acres): 0.139
- Lot Size (Sq. Ft.): 6,055
- Lot Features: Back Yard, Rectangular Lot, Front Yard
Financial Considerations
- Tax Amount: $1,126
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: C. T. L. & I. CO'S. 6TH ADD. S. 4 IN. L.7 BL.24 ALL L.8 BL.24
- Property ID: 450816235028000004
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Schools
Schools serving 2228 Washington St
School District:Gary Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Beveridge Elementary School 1234 Cleveland Street, Gary, IN 46404 | K-5 | 1.5 mi |
Mary M Bethune Early Child Development Center 2367 East 21st Avenue, Gary, IN 46407 | PK- | 1.6 mi |
Gary Middle School 301 Parke Street, Gary, IN 46403 | 6-8 | 5.2 mi |
West Side Leadership Academy 9th & Gerry St, Gary, IN 46406 | 9-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2228 Washington St
Date
Details
Price
Change
Source
8/04/2026
Price Reduced
$195,000
-1.47%
MLS
7/18/2026
Price Reduced
$197,900
-1%
MLS
6/10/2026
Listed
$199,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2228 Washington St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,230
—
$48,900
9%
2024
$1,230
-69%
$44,900
1%
2023
$3,932
351%
$44,600
31%
2022
$871
-71%
$34,000
—
2020
$2,996
282%
$34,000
—
2019
$785
-22%
$34,000
-20%
2018
$1,009
-3%
$42,600
-1%
2017
$1,039
—
$43,200
-4%
2017
$1,039
-3%
$45,100
13%
2016
$1,066
26%
$40,000
-40%
2015
$843
-14%
$66,300
4%
2013
$979
-3%
$63,800
-1%
2012
$1,014
—
$64,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2228 Washington St
2228 Washington Street, Gary, IN 46407 (MLS# 840398) is a Multi-Family property with units containing 4 bedrooms and 2 full bathrooms. 2228 Washington Street is currently listed for $195,000 and was received on June 10, 2026. Want to learn more about 2228 Washington Street? Do you have questions about finding other Multi-Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

