2226 N 23rd St Lafayette, IN 47904
Saint Lawrence McAllister NeighborhoodEstimated payment $934/month
Highlights
- Ranch Style House
- Forced Air Heating and Cooling System
- Level Lot
- 2.5 Car Detached Garage
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $76
Year Built
- Built in 1948
Lot Details
- 5,418 Sq Ft Lot
- Lot Dimensions are 43x126
- Level Lot
Parking
- 2.5 Car Detached Garage
Home Design
- Ranch Style House
- Vinyl Construction Material
Bedrooms and Bathrooms
- 3 Bedrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- 1 Bathroom in Basement
Schools
- Vinton Elementary School
- Sunnyside/Tecumseh Middle School
- Oakland High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 79-07-16-835-093.000-004
- Seller Concessions Not Offered
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 |
|---|---|---|---|---|
| 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: Indiana Regional MLS
MLS Number: 202536013
APN: 79-07-16-835-093.000-004
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