$400,000

Estimated payment $2,505/month

8 Beds
4 Baths
1,000 Sq Ft
$400 Price per Sq Ft

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Forced Air Heating System
  • No HOA
  • Front Porch
  • Ceiling Fan

About This Home

Turnkey Four-Unit Investment Opportunity in Gary, Indiana Discover a well-maintained, fully occupied four-unit property designed with the feel and layout of four individual row houses or single-family townhomes--without an HOA. Each unit features its own private, individual entrance, giving residents the privacy and independence of a traditional single-family home while providing the income benefits of a multifamily investment. Each residence offers a comfortable 2-bedroom, 1-bathroom floor plan, with all four units thoughtfully updated within the past four years with modern finishes and refreshed interiors. The result is an attractive, functional rental property designed to appeal to today's tenants. With all four units currently occupied, the property offers an investor immediate rental income and an established tenant base. The individual entrances and townhouse-style configuration create a unique layout that sets this property apart from a conventional apartment building. Whether you're an experienced investor looking to expand your portfolio or seeking a stabilized multifamily asset, 521 Taney offers an excellent combination of updated units, private entrances, four separate 2-bedroom residences, no HOA, and full occupancy. Property Highlights: Four-unit multifamily property Each unit has its own private entrance Row-house / townhouse-style design Four separate 2-bedroom, 1-bath units No HOA All units updated within the past four years Modern interior finishes Fully occupied Multiple rental income streams Strong turnkey investment opportunity Ideal addition to an income-producing portfolio

Listing Agent

Sparkle Wilson

Coldwell Banker Realty License #RB24001219 Listed on: 08/18/2026

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,670

Year Built

  • Built in 1948

Parking

  • Alley Access

Home Design

  • Quadruplex

Interior Spaces

  • 1,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Neighborhood Views
  • Gas Range
  • Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on lower level
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating System
  • Hot Water Heating System

Additional Features

  • Front Porch
  • 9,365 Sq Ft Lot

Listing and Financial Details

  • The owner pays for common area maintenance, water, trash collection, taxes, sewer, snow removal, exterior maintenance
  • Rent includes gardener, water, trash collection, sewer
  • Assessor Parcel Number 450805305004000004
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Waverly Park Subdivision

Building Details

  • Electric Expense $720
  • Insurance Expense $11,903
  • Maintenance Expense $2,200
  • Trash Expense $1,654
  • Water Sewer Expense $1,453

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,670

Year Built

Built in 1948

Lot Details

9,365 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1948
  • Reso Property Sub Type: Quadruplex
  • ResoLaundryFeatures: Gas Dryer Hookup, Washer Hookup, Lower Level
  • ResoLotFeatures: Front Yard
  • ResoPoolFeatures: None
  • Reso View: Neighborhood
  • ResoSecurityFeatures: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Income And Expenses Maintenance Expense: 2200
  • Co List Office Mls Id: NRA166
  • Subdivision Name: Waverly Park
  • Above Grade Finished Sq Ft: 1000
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • WaterExpense: 1453.00
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Basement: Unfinished
  • Flooring: Hardwood, Tile
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Exterior Features: Lighting, Rain Gutters
  • Acres: 0.215
  • Waterfront: No
  • Foundation Details: Slab
  • Patio And Porch Features: Front Porch
  • Reso Roof: Shingle

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Individual Unit, Hot Water
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Water, Trash Collection, Sewer
  • Association: No

Fee Information

  • Trash Expense: 1654

Lot Info

  • Lot Size Sq Ft: 9365
  • Parcel #: 450805305004000004

Rental Info

  • Pets Allowed: Cats OK, Dogs OK
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Common Area Maintenance, Water, Trash Collection, Taxes, Sewer, Snow Removal, Exterior Maintenance

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3670

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 720
  • Insurance Expense: 11903

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/18/2026 08/18/26 For Sale $400,000 -- $400 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Source: Northwest Indiana Association of REALTORS®

MLS Number: 843964

Northwest Indiana Association of REALTORS®
Your Personal Tour Guide

Ask me questions while you tour the home.