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$224,900 Just Listed
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Property Description
Great cash-flowing multi-unit investment opportunity in Gary! This recently renovated triplex features three updated units and is professionally managed, making it a strong addition to any rental portfolio. Two units are currently tenant-occupied, providing immediate rental income, while the remaining unit is actively being marketed for rent to maximize income potential. The property also offers a large yard, adding extra outdoor space for residents. Professional management is already in place; this triplex is ready for its next owner.
Full Property Details
Full Property Details for 564 Carolina St
General
- Price: $224,900
- Taxes: $1,347 (2024)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 841473
- Updated: 6/30/2026
- Added to Site: 6 day(s) ago
Interior
- Interior Features: Other
- Appliances: Other
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: On Street
Location
- County: Lake
- Township: Calumet
- Subdivision: Gary Land Companys 01
- Driving Directions: Head East on Ridge Road, left onto Broadway. Continue on Broadway, right onto Seventh Ave, Left onto Carolina St. Property on your left.
Heating & Cooling
- Heating Type: Central
Structural Information
- Year Built: 1924
Lot Features
- Lot Size (Acres): 0.103
- Lot Size (Sq. Ft.): 4,487
- Lot Features: Rectangular Lot
Financial Considerations
- Tax Amount: $1,347
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: GARY LAND CO'S 1ST SUB. ALL L.24 BL.90
- Property ID: 450803328036000004
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Schools
Schools serving 564 Carolina St
School District:Gary Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Daniel Hale Williams Elementary School 1320 East 19th Avenue, Gary, IN 46407 | K-5 | 1.2 mi |
Mary M Bethune Early Child Development Center 2367 East 21st Avenue, Gary, IN 46407 | PK- | 1.8 mi |
Gary Middle School 301 Parke Street, Gary, IN 46403 | 6-8 | 4.3 mi |
West Side Leadership Academy 9th & Gerry St, Gary, IN 46406 | 9-12 | 4.1 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 564 Carolina St
Date
Details
Price
Change
Source
6/30/2026
Listed
$224,900
221.29%
MLS
10/30/2024
Sold
$70,000
—
Public Record
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 564 Carolina St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,344
—
$63,200
18%
2024
$1,344
-70%
$53,700
6%
2023
$4,488
260%
$50,900
5%
2022
$1,248
-67%
$48,700
8%
2020
$3,745
312%
$44,900
6%
2019
$910
-40%
$42,500
-38%
2018
$1,511
-3%
$68,400
-1%
2017
$1,558
—
$69,300
-4%
2017
$1,558
-3%
$72,400
-2%
2016
$1,603
3%
$73,600
—
2015
$1,551
-65%
$73,900
-3%
2013
$4,486
-2%
$76,000
1%
2012
$4,555
—
$75,000
—
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 564 Carolina St
564 Carolina Street, Gary, IN 46402 (MLS# 841473) is a Multi-Family property with units containing 5 bedrooms and 3 full bathrooms. 564 Carolina Street is currently listed for $224,900 and was received on June 30, 2026. Want to learn more about 564 Carolina 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.

