$565,000
$15K PRICE DROP

Estimated payment $3,241/month

Total Views 18,847
6 Beds
6 Baths
3,024 Sq Ft
$187 Price per Sq Ft

Highlights

  • Corner Lot
  • Balcony
  • Carpet
  • Covered Patio or Porch
  • Baseboard Heating
  • 2-minute walk to Erie Street Sharing Garden

About This Home

This charming six-unit building 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 are responsible for electricity and owner pays w/s/t.

Listing Agent

Audra Cannon

CRM Properties, Inc Brokerage Phone: 765-431-9111 Listed on: 04/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,336

Year Built

  • Built in 1972

Lot Details

  • 8,581 Sq Ft Lot
  • Corner Lot

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,024 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Murdock Elementary School
  • Sunnyside/Tecumseh Middle School
  • Oakland High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Listing and Financial Details

  • The owner pays for lawn maintenance, sewer, snow removal, water
  • Assessor Parcel Number 79-07-21-302-010.000-004

Community Details

Overview

  • 6 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Maintenance Expense $2,000
  • Water Sewer Expense $2,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,336

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sixplex
  • Year Built: 1972
  • Style: Two Story
  • Bedrooms: 6
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: L B STOCKTONS ADDN LOT 10& 18' W SIDE LOT 9
  • Parcel Number ID: 79-07-21-302-010.000-004
  • Platted: Yes
  • Amenities: Balcony, Porch Covered
  • Special Features: None

Interior Features

  • Total Sq Ft: 3024
  • Total Finished Sq Ft: 3024
  • Above Grade Finished Sq Ft: 3024
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Maintenance Expense: 2000
  • Annual Water Sewer Expense: 2500

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Murdock

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 0.1970
  • Estimated Lot Sq Ft: 8581
  • Estimated Lot Size Acres: 0.197

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Sewer, Snow Removal, Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 3336

Multi Family

  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Num Of1 Bedrooms: 6

MLS Schools

  • High School: Oakland
  • Middle School: Sunnyside/Tecumseh
  • School District: Lafayette

Map

Range of Values:

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Value Increase
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Percent Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2025 11/17/25 For Sale $565,000 0.0% $187 / Sq Ft
10/15/2025 10/15/25 Pending -- -- --
09/17/2025 09/17/25 Price Changed $565,000 -2.6% $187 / Sq Ft
04/09/2025 04/09/25 For Sale $579,900 -- $192 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202512078

Indiana Regional MLS

APN: 79-07-21-302-010.000-004