Listed with Tabitha Casto, TruVant Realty

Price $450,000
Status Active
Beds 7
Baths 7 Baths
Home size 2,676 sqft
Lot Size 7,436 sqft
Days on Market 2
This is an exceptional investment opportunity featuring a thoughtfully maintained seven-plex situated in a highly sought-after downtown locale. This fully occupied multi-unit property comprises seven efficiency units and is ideally located within walking distance of Main Street. Nestled in historic downtown Lafayette, the building provides convenient access to local coffee shops, local restaurants, pubs, boutiques, entertainment venues, and various activities offered in greater downtown Lafayette, all just steps from your door. It is particularly suitable for college students, given its proximity to the pedestrian bridge leading to Purdue University's campus, which can be reached easily by bike or a short car ride. The property currently generates a monthly gross income of $3,605. Half of the units are equipped with separate utilities, while the owner covers utilities for the remaining units. The seller is responsible for water service for the entire building. 635 North presents significant potential for increased rental income in the future. Schedule your private showing today. (Agents please refer to agent remarks for more info).
Property Type(s): Multi Family
Last Updated 1/28/2025 Tract None
Year Built 1920 County Tippecanoe

SCHOOLS

School District Lafayette
Elementary School Thomas Miller
Jr. High School Sunnyside/Tecumseh
High School Jefferson

Additional Details

BASEMENT Full, Unfinished, Yes
CONSTRUCTION Asbestos
HEAT Forced Air, Natural Gas
INTERIOR Entrance Foyer
LOT 7436 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS 59x126
PARKING On Street
SEWER Public Sewer
STORIES 2
STYLE Traditional
SUBDIVISION None
TAXES 3828
WATER Public
Listed with Tabitha Casto, TruVant Realty
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2025 IRMLS. All rights reserved.
Last Updated On: 1/30/25 12:36 AM PST
Walk Score provided by walkscore.com

This IDX solution is (c) Diverse Solutions 2025.

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