525 S 3rd Street, Lafayette, IN 47905 (MLS # 202544301)
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Listed with Steven Childers, Keller Williams Lafayette, Agt: 765-413-6046
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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 10/31/2025 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1921 |
| COUNTY | Tippecanoe | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| 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 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
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.
Copyright© 2025 IRMLS. All rights reserved.
Last Updated On: 11/1/25 9:22 AM PDT
Walk Score provided by walkscore.com
Copyright© 2025 IRMLS. All rights reserved.
Last Updated On: 11/1/25 9:22 AM PDT
Walk Score provided by walkscore.com
This IDX solution is (c) Diverse Solutions 2025.
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