$280,000
$35K PRICE DROP

Estimated payment $1,777/month

Total Views 12,285
6 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

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 $1,500/month Combined projected monthly income is $2,750, offering immediate cash flow. Both units have been updated and are currently occupied, minimizing upfront costs for investors. Additional highlights: Built-in mid 1900s On-street and rear alley parking options Located near major commuter routes and within the Lafayette School District Close proximity to local amenities, employment centers, and Purdue University, enhancing rental appeal With a price of $315,000 and a low annual property tax ($2,770 in 2024), this property is ideal for investors seeking stable returns in a high-demand rental market. Showings require 24-hour notice. Property sold as-is.

Listing Agent

Jacob Hemrick

Hemrick Property Group Inc. License #RB14045327 Listed on: 04/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,770

Year Built

  • Built in 1900

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Schools

  • Lafayette Tecumseh Jr High Middle School
  • Lafayette Sunnyside Intermediate

Additional Features

  • 2-Story Property
  • 7,950 Sq Ft Lot
  • Central Air
  • Basement

Listing and Financial Details

  • Tax Lot 71,72
  • Assessor Parcel Number 790716825016000004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,770

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1900
  • Lot Size Acres: 0.18
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: Yes
  • Price Unit: 140000
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 2
  • Total Bedrooms: 6

Exterior Features

  • List Price: 280000
  • Road Access: See Remarks

Utilities

  • Cooling: Central Air
  • Solid Waste: No

Fee Information

  • Expenses: 0

Schools

  • Middle Or Junior School: Lafayette Tecumseh Jr High School
  • MBR_IntermediateSchool: Lafayette Sunnyside Intermediate

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 7950
  • Parcel Number: 790716825016000004
  • Acres: <1/4 Acre
  • Price Acre: 1555556

Rental Info

  • Tenant Pays: All Utilities, Water

Multi Family

  • Gross Income: 33000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2770
  • Tax Lot: 71,72
  • Semi Annual Property Tax Amt: 1385

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $2,770 $138,500 $10,000 $128,500
2023 $2,196 $109,800 $10,000 $99,800
2022 $2,142 $107,100 $10,000 $97,100
2021 $2,100 $105,000 $10,000 $95,000
2020 $1,750 $87,500 $10,000 $77,500
2019 $1,750 $87,500 $10,000 $77,500
2018 $1,750 $87,500 $10,000 $77,500
2017 $1,704 $85,200 $10,000 $75,200
2016 $1,688 $84,350 $10,000 $74,350
2014 $1,600 $80,000 $10,000 $70,000
2013 $1,492 $74,600 $10,000 $64,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $280,000 -6.6% --
05/15/2025 05/15/25 Price Changed $299,900 -4.8% --
04/22/2025 04/22/25 For Sale $315,000 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $240,000 New Conventional
Previous Owner $52,000 Commercial
Source: Public Records

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22034051

MIBOR Broker Listing Cooperative®

APN: 79-07-16-825-016.000-004