Lafayette, IN Multifamily Homes & Duplexes for Sale

/14
$179,900
- 3 Beds
- 2 Baths
1118 S 2nd St, Lafayette, IN 47905

This duplex investment property offers a fantastic opportunity with both sides currently rented, unit 1 with a long-term tenant. Unit 1 offers 2 beds/1 bath, a spacious living room, separate dining area, a covered porch in addition to the front porch and a large, fenced yard. Unit 2 which was remodeled in 2023, offers 1 bed/1 bath, roomy living room and a private entrance with off road parking.

Lisa Robinson Keller Williams Indy Metro NE

1118 S 2nd St, Lafayette, IN 47905
Explore Lafayette
/2
$245,000
- 5 Beds
- 2 Baths
- 2,136 Sq Ft
620 N 11th St Unit 22, Lafayette, IN 47904

INVESTMENT OPPORTUNITY-DUPLUX!!! Don’t miss this income-producing duplex with brand new exterior siding and tons of potential! One side has been fully remodeled, offering 3 bedrooms and 1 bathroom, currently rented for $1,200/month. This unit is in excellent condition and ready to continue generating strong income. The second unit features 2 bedrooms and 1 bathroom and is currently rented for

Jenny Sarti Raeco Realty

620 N 11th St Unit 22, Lafayette, IN 47904
/18
$280,000
- 6 Beds
- 2 Baths
2507 N 19th St, Lafayette, IN 47904

Investor Opportunity in Lafayette, IN - Updated Duplex with Strong Cash Flow Located on the north side of Lafayette, this fully updated duplex presents a turnkey rental opportunity with strong income potential. The property includes two spacious units: Unit 1: 3 beds, 1.5 baths, approx. 1,472 sq ft, projected rent $1,250/month Unit 2: 3 beds, 2 baths, approx. 1,500 sq ft, projected rent

Jacob Hemrick Hemrick Property Group Inc.

2507 N 19th St, Lafayette, IN 47904
/11
$579,900
- 6 Beds
- 6 Baths
- 3,024 Sq Ft
1201 Cincinnati St, Lafayette, IN 47904

This charming six-unit building is fully occupied and offers a fantastic investment opportunity in Lafayette! In addition to its attractive corner-lot location, which is a short distance to Purdue University and downtown amenities, this property presents six spacious 1-bedroom units that have had several updates within the past two years along with a large private parking lot for tenants. Tenants

Audra Cannon CRM Properties, Inc

1201 Cincinnati St, Lafayette, IN 47904

Indiana Tippecanoe County Lafayette

Why Live in Lafayette

Lafayette's cultural scene centers around Purdue University, where the Elliott Hall of Music hosts performances in one of the world's largest proscenium theaters. Nature enthusiasts will find diverse outdoor activities at Columbian Park Zoo, Prophetstown State Park, and along the 13-mile Wabash Heritage Trail. The dining landscape features upscale options like 8Eleven Modern Bistro in the Union Club Hotel and Bistro 501 in the historic downtown, alongside casual favorites such as Nine Irish Brothers and Triple XXX Family Restaurant.

The Lafayette housing market presents varied options across distinct neighborhoods. The median price for single family homes ranges from $183,300 in Historic Jefferson to $394,000 in Highland Park. Townhomes have a median price of $232,000, while one bedroom condos start at a median of $167,500. Two bedroom condos command a median price of $225,000.

Lafayette maintains a cost of living 5.4% below the national average. A family with school-age children needs approximately $100,000 annually to live comfortably, while renters require about $52,000. Property taxes stand at 0.62%, lower than Indianapolis at 0.93%. The state income tax rate is 3.00%, with an additional local rate of 1.28%.

The education system includes West Lafayette Junior/Senior High School, rated A+ by Niche, and William Henry Harrison High School, rated A. Private options include St. James Lutheran Elementary School and Central Catholic Jr. Sr. High School, both A-rated institutions. CityBus provides public transportation throughout Lafayette and West Lafayette, connecting residents to major employers like Purdue University, Subaru of Indiana Automotive, and Caterpillar Inc.

Learn more about living in Lafayette

Home Trends in Lafayette, IN

On average, homes in Lafayette, IN sell after 40 days on the market compared to the national average of 70 days. The median sale price for homes in Lafayette, IN over the last 12 months is $397,500, up 10% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$397,500

Median Single Family Sale Price

$408,000

Median 2 Bedroom Sale Price

$373,000

Average Price Per Sq Ft

$175

Number of Homes for Sale

Last 12 months Home Sales

240

Months of Supply

0.50

Median List Price

$424,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

10%

How to Buy a Home How to Finance a Home How to Sell a Home

In Lafayette, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $179,900 to $579,900, there's a range to accomodate every budget. As of August, 2025 the median home price in Lafayette is $424,900, while the average sale price is $401,351, offering insights into the local housing market. On average, multi-family homes spend 40 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Lafayette, IN.

Lafayette Types of Homes for Sale

Lafayette Homes for Sale

More About Living in Lafayette

Homes in Nearby Cities

Frankfort Homes for Sale

Homes in Nearby Counties

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