525 S 3rd Street, Lafayette, IN 47905
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by:steven childersAgt: 765-413-6046
Office:keller williams lafayette
MLS#:202544301
Source:Indiana Regional MLS
Price summary
- Price:$400,000
- Price per sq. ft.:$146.52
About this home
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.
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Home facts
- Year built:1921
- Listing ID #:202544301
- Added:2 day(s) ago
- Updated:November 03, 2025 at 05:43 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,280 sq. ft.
Heating and cooling
- Cooling:Window
- Heating:Forced Air
Structure and exterior
- Roof:Shingle
- Year built:1921
- Building area:2,280 sq. ft.
- Lot area:0.15 Acres
Schools
- High school:Jefferson
- Middle school:Sunnyside/Tecumseh
- Elementary school:Thomas Miller
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$400,000
- Price per sq. ft.:$146.52
- Tax amount:$1,500
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