723 S 5th St Lafayette, IN 47905
Miller NeighborhoodEstimated payment $1,556/month
Highlights
- 0.91 Acre Lot
- Forced Air Heating and Cooling System
- Carpet
- Laundry in Utility Room
- Level Lot
- 5-minute walk to SIA South Tipp Park
About This Home
Welcome to 723 S 5th St in Lafayette, Indiana-an excellent duplex investment or house-hacking opportunity in a convenient south side location. Built in 1920, this well-maintained and updated property features two spacious units, each offering 2 bedrooms and 1 bathroom with functional layouts and modern updates throughout. Both sides have been cared for and improved over time, providing a truly turnkey, cash-flowing investment with minimal deferred maintenance. For owner-occupants, this property offers the ideal opportunity to live in one unit while renting the other to offset your mortgage. With strong rental demand in the area and solid construction, this duplex is a great addition to any investor’s portfolio or a smart entry point into multifamily ownership.This property can be purchased individually or as part of a three-property portfolio including 1029 N 7th and 1829 Greenbush. Please provide at least 24-hour notice for all showings. All square footage figures are approximate; buyer to verify.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,258
Year Built
- Built in 1920
Lot Details
- 0.91 Acre Lot
- Lot Dimensions are 35x112
- Level Lot
Parking
- 2 Parking Spaces
Home Design
- Duplex
- Brick Exterior Construction
- Slab Foundation
- Poured Concrete
- Shingle Roof
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 2,230 Sq Ft Home
- 2-Story Property
- Block Basement Construction
- Laminate Countertops
- Laundry in Utility Room
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Location
- Suburban Location
Schools
- Thomas Miller Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for lawn maintenance, maintenance, snow removal, sewer, tax, trash collection, water, water softener
- Assessor Parcel Number 79-07-29-403-007.000-004
- Seller Concessions Not Offered
Community Details
Overview
- 2 Units
Pet Policy
- Pets Allowed with Restrictions
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,000
- Maintenance Expense $6,841
- Water Sewer Expense $1,119
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 | $2,258 | $112,900 | $9,800 | $103,100 |
| 2023 | $1,550 | $77,500 | $9,800 | $67,700 |
| 2022 | $1,484 | $74,200 | $9,800 | $64,400 |
| 2021 | $1,454 | $72,700 | $9,800 | $62,900 |
| 2020 | $1,212 | $60,600 | $13,000 | $47,600 |
| 2019 | $1,212 | $60,600 | $10,000 | $50,600 |
| 2018 | $1,176 | $58,800 | $10,000 | $48,800 |
| 2017 | $1,144 | $57,200 | $10,000 | $47,200 |
| 2016 | $1,144 | $57,200 | $10,000 | $47,200 |
| 2014 | $1,066 | $53,300 | $10,000 | $43,300 |
| 2013 | $990 | $49,500 | $10,000 | $39,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2025 12/18/25 | For Sale | $260,000 | -- | $117 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | None Available |
Source: Indiana Regional MLS
MLS Number: 202549225
APN: 79-07-29-403-007.000-004
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