$320,000
SOLD DEC 18, 2024

1318 South St La Fayette, IN 47901

4 Beds
4 Baths
2,568 Sq Ft
6,316 Sq Ft Lot

Recently Sold

$125 Per Sq Ft

3% Above List Price

2 Days on Market

Highlights

  • The property is located in a historic district
  • Landscaped
  • Ceiling Fan
  • Entrance Foyer
  • Forced Air Heating and Cooling System
  • Laundry Facilities

About This Home

As of December 2024

Investment opportunity in a prime location! This 4-unit multi-family property offers excellent investment potential. Located in a desirable neighborhood near downtown Lafayette and Purdue University, this property boasts strong rental demand and stable income. Property highlights include; three of the four units recently renovated, providing modern and comfortable living spaces for tenants, potential value-add with an unfinished walk up attic that offers potential for additional living space or storage, ample off-street parking for residents and guests, and a convenient on-site coin operated laundry facility for tenants and additional revenue. The property’s proximity to downtown Lafayette and Purdue University ensures consistent and strong rental income. Don't miss this opportunity!

Last Agent to Sell the Property

Jason Conley

Raeco Realty Listed on: 11/20/2024

Last Buyer's Agent

Amanda Oakley

Trueblood Real Estate

Trueblood Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,618

Year Built

  • Built in 1890

Lot Details

  • 6,316 Sq Ft Lot
  • Lot Dimensions are 50x126
  • Landscaped
  • Historic Home

Home Design

  • Quadruplex
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,568 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Walkup Attic
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction

Parking

  • 5 Parking Spaces
  • Private Parking
  • Stone Driveway
  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location
  • The property is located in a historic district

Schools

  • Thomas Miller Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating
  • The owner pays for lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 79-07-21-365-007.000-004

Community Details

Overview

  • 4 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $317
  • Fuel Expense $356
  • Insurance Expense $3,353
  • Maintenance Expense $2,500
  • Water Sewer Expense $1,551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,618

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1890
  • Age: 134
  • Style: Three Story
  • Architectural Style: Historic
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: R B STOCKTONS SD LOT 11
  • Parcel Number ID: 79-07-21-365-007.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Storage, Attic-Walk-up, Cable Ready, Detector-Smoke, Foyer Entry, Landscaped, Water Heater Gas, Sump Pump
  • Location: City/Town/Suburb, Near College Campus, Historic District
  • Sp Lp Percent: 103.26
  • Annual Miscellaneous: 2000
  • Monthly Gross Income: 3225
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2568
  • Total Finished Sq Ft: 2568
  • Above Grade Finished Sq Ft: 2568
  • Price Per Sq Ft: 124.61
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl
  • Number Of Disposals: 4
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl, Wood
  • Roof Material: Asphalt, Shingle
  • Stories: 3

Garage/Parking

  • Driveway: Concrete, Stone
  • Number Of Parking Spaces: 5
  • Parking: Off Street, Private, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Cable Company: Comcast
  • Annual Electric: 317.33
  • Annual Fuel Expense: 355.5
  • Annual Insurance Expense: 3352.55
  • Annual Maintenance Expense: 2500
  • Annual Water Sewer Expense: 1550.72
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities

Schools

  • School District: Lafayette
  • Elementary School: Thomas Miller
  • Middle School: Sunnyside/Tecumseh
  • High School: Jefferson
  • Elementary School: Thomas Miller

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 50x126
  • Estimated Lot Sq Ft: 6316
  • Estimated Lot Size Acres: 0.145

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric, Heating

Tax Info

  • Total Assessed Value: 190000
  • Annual Property Tax: 2618

Multi Family

  • Gross Monthly Rent: 3225
  • Number Of Dishwashers: 4
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

MLS Schools

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

Range of Values:

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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 Change Sq Ft Price
12/18/2024 12/18/24 Sold $320,000 +3.3% $125 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
11/20/2024 11/20/24 For Sale $309,900 +106.6% $121 / Sq Ft
10/20/2021 10/20/21 Sold $150,000 -14.3% $58 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $175,000 0.0% $68 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $175,000 +45.8% $68 / Sq Ft
04/14/2017 04/14/17 Sold $120,000 -17.2% $47 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $145,000 -- $56 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Conley

    Seller's Agent in 2024

    Jason Conley

    Raeco Realty

    (765) 491-9496

    22 Total Sales

    Jason Conley
    Section Image
  • Amanda Oakley

    Buyer's Agent in 2024

    Amanda Oakley

    Trueblood Real Estate

    (765) 426-7606

    197 Total Sales

    Amanda Oakley
    Section Image

  • P

    Seller's Agent in 2021

    Patrick Neary

    F.C. Tucker/Shook

    Section Image
  • Josh Shives

    Buyer's Agent in 2021

    Josh Shives

    Raeco Realty

    (765) 404-9900

    102 Total Sales

    Josh Shives
    Section Image
  • Shannon O'Malley

    Seller's Agent in 2017

    Shannon O'Malley

    F.C. Tucker/Shook

    (765) 479-0498

    13 Total Sales

    Shannon O'Malley
    Section Image

  • R

    Buyer's Agent in 2017

    Russell Dickson

    F C Tucker/Lafayette Inc

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202444799

Indiana Regional MLS
Indiana Tippecanoe County La Fayette 47901

1318 South St, La Fayette, IN

This home is located at 1318 South St, La Fayette, IN 47901 and is currently priced at $320,000, approximately $124 per square foot. This property was built in 1890. 1318 South St is a home located in Tippecanoe County with nearby schools including Murdock Elementary School, Sunnyside Intermediate School, and Lafayette Tecumseh Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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