Listed with Steven Childers, Keller Williams Lafayette, Agt: 765-413-6046

Price $400,000
Status Active
Beds 6
Baths 4 Baths
Home size 2,280 sqft
Lot Size 6,534 sqft
Days on Market 2
Turnkey 4-unit income property in a growing section of Downtown Lafayette. This fully occupied building includes two 2-bedroom units and two 1-bedroom units, generating $4,000/month in gross rents with a mix of tenant and landlord-paid utilities. Recent updates will reduce maintenance concerns and provide a solid foundation for long-term returns. With one lease ready for renewal in the coming month, there's immediate upside to increase utility income and market rents, giving investors a clear path to enhance cash flow from day one. Centrally located, tenants enjoy walkable access to downtown shopping, dining, entertainment, ensuring strong demand in Lafayette's expanding rental market for years to come. This property is ideal for investors looking to add stable, income-producing real estate to their portfolio in a high-demand area. Leases and financials available upon request.
Property Type(s): Multi Family
Last Updated 10/31/2025 Tract None
Year Built 1921 County Tippecanoe

SCHOOLS

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

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Microwave, Range, Refrigerator
BASEMENT Partial, Yes
CONSTRUCTION Vinyl Siding
HEAT Forced Air
LOT 6534 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS 50x130
PARKING Unpaved
SEWER Public Sewer
STORIES 2
STYLE Two Story
SUBDIVISION None
TAXES 5784
WATER Public
Listed with Steven Childers, Keller Williams Lafayette, Agt: 765-413-6046
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.
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Last Updated On: 11/2/25 1:26 PM PST
Walk Score provided by walkscore.com

This IDX solution is (c) Diverse Solutions 2025.

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