$245,000

Estimated payment $1,542/month

Total Views 7,437
5 Beds
2 Baths
2,136 Sq Ft
$115 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • 3-minute walk to Erie Street Sharing Garden
  • Corner Lot
  • Carpet

About This Home

INVESTMENT OPPORTUNITY-DUPLUX!!! Don’t miss this income-producing duplex with brand new exterior siding and tons of potential! One side has been fully remodeled, offering 3 bedrooms and 1 bathroom, currently rented for $1,200/month. This unit is in excellent condition and ready to continue generating strong income. The second unit features 2 bedrooms and 1 bathroom and is currently rented for $580/month. With a little TLC, this side has great upside potential for increased rental income. Whether you’re looking to expand your investment portfolio or live in one unit while renting out the other, this duplex offers both stability and opportunity.

Listing Agent

Jenny Sarti

Raeco Realty Listed on: 05/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,178

Year Built

  • Built in 1901

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 55x50
  • Corner Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

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

Parking

  • 3 Parking Spaces
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 79-07-21-304-007.000-004

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,100
  • Water Sewer Expense $720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,178

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1901
  • Age: 124
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: HANNA & REYNOLDS 55 FT S END LOT 33
  • Parcel Number ID: 79-07-21-304-007.000-004
  • Platted: Yes
  • Amenities: Cable Ready, Countertops-Laminate
  • Location: City/Town/Suburb
  • Monthly Gross Income: 1780
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 4272
  • Total Finished Sq Ft: 2136
  • Above Grade Finished Sq Ft: 2136
  • Below Grade Sq Ft: 2136
  • Price Per Sq Ft: 114.7
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block, Brick
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 2136
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 3
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Annual Insurance Expense: 2100
  • Annual Water Sewer Expense: 720
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 55x50
  • Estimated Lot Sq Ft: 3049
  • Estimated Lot Size Acres: 0.07

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 1780
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2178

MLS Schools

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

Map

Range of Values:

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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 $2,034 $108,900 $6,500 $102,400
2023 $2,034 $101,700 $6,500 $95,200
2022 $1,946 $97,300 $6,500 $90,800
2021 $1,692 $84,600 $6,500 $78,100
2020 $1,410 $70,500 $6,500 $64,000
2019 $1,410 $70,500 $10,000 $60,500
2018 $1,396 $69,800 $10,000 $59,800
2017 $1,358 $67,900 $10,000 $57,900
2016 $1,340 $67,000 $10,000 $57,000
2014 $1,366 $68,300 $10,000 $58,300
2013 $1,266 $63,300 $10,000 $53,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 For Sale $245,000 0.0% $115 / Sq Ft
05/26/2025 05/26/25 Pending -- -- --
05/23/2025 05/23/25 For Sale $245,000 -- $115 / Sq Ft
Source: Indiana Regional MLS

Purchase History

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

Mortgage History

Date Status Loan Amount Loan Type
Open $93,450 New Conventional
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202519217

Indiana Regional MLS

APN: 79-07-21-304-007.000-004