2226 N 23rd St Lafayette, IN 47904
Saint Lawrence McAllister NeighborhoodEstimated payment $878/month
Highlights
- Ranch Style House
- No HOA
- Eat-In Kitchen
- Wood Flooring
- 2 Car Detached Garage
- Shed
About This Home
Attention investors! This 3-bedroom, 2-bathroom ranch in Lafayette is a rare find with strong rental potential and endless possibilities for a flip or buy-and-hold investment. The home features a finished basement with a second kitchen, making it ideal for multi-generational living, a second rental unit, or student housing. A large 2.5-car detached garage adds extra value with space for parking, storage, or a workshop. This fixer-upper already has the major updates completed. The roof was replaced in 2023, and in 2024 the furnace, AC, water heater, electrical, and sewer line were all updated. With solid bones and the big-ticket items already done, this property is ready for cosmetic upgrades to maximize equity and cash flow. Located just 10 minutes from Purdue University, this home offers prime proximity for student rentals, short-term rentals, or long-term rentals. Lafayette is a growing Indiana market with strong demand for housing, making this an excellent opportunity for investors seeking a value-add property. Home is being sold AS-IS.
Co-Listing Agent
Cynthia Flores
Compass Indiana, LLC License #RB21002315
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $76
Year Built
- Built in 1948
Lot Details
- 5,418 Sq Ft Lot
Parking
- 2 Car Detached Garage
Home Design
- Ranch Style House
- Fixer Upper
- Block Foundation
- Vinyl Siding
Interior Spaces
- Combination Kitchen and Dining Room
- Finished Basement
- Basement Fills Entire Space Under The House
- Attic Access Panel
- Eat-In Kitchen
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Shed
- Storage Shed
Schools
- Lafayette Tecumseh Jr High Middle School
- Lafayette Sunnyside Intermediate
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 43,3,44
- Assessor Parcel Number 790716835093000004
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $76 | $93,800 | $13,000 | $80,800 |
| 2023 | -- | $87,500 | $13,000 | $74,500 |
| 2022 | $0 | $75,300 | $13,000 | $62,300 |
| 2021 | $0 | $66,400 | $13,000 | $53,400 |
| 2020 | $0 | $62,700 | $13,000 | $49,700 |
| 2019 | $0 | $59,400 | $11,000 | $48,400 |
| 2018 | $0 | $59,800 | $11,000 | $48,800 |
| 2017 | $0 | $59,300 | $11,000 | $48,300 |
| 2016 | $0 | $57,800 | $11,000 | $46,800 |
| 2014 | -- | $58,800 | $11,000 | $47,800 |
| 2013 | -- | $58,300 | $11,000 | $47,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2025 11/18/25 | Price Changed | $165,000 | -5.7% | $95 / Sq Ft |
| 10/03/2025 10/03/25 | Price Changed | $175,000 | -7.9% | $101 / Sq Ft |
| 09/06/2025 09/06/25 | For Sale | $190,000 | -- | $110 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22060639
APN: 79-07-16-835-093.000-004
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