525 S 3rd Street, Lafayette, IN 47905 (MLS # 202645678)
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Great investment opportunity in a growing section of Downtown Lafayette! This 4-unit multifamily property features two 2-bedroom units and two 1-bedroom units, with three units currently vacant and available for new tenants. With projected gross rents of approximately $3,595 per month ($43,140 annually), investors have an opportunity to establish new leases at market rates and maximize the property's income potential. Recent updates to the roof, gutters, and interiors of 3/4 units, there is a solid foundation for long-term ownership, while the mix of tenant- and landlord-paid utilities offers additional opportunities to improve operating performance. Conveniently located near downtown shopping, dining, and entertainment, this property offers an attractive opportunity for investors looking to expand their multifamily portfolio.
| DAYS ON MARKET | 0 | LAST UPDATED | 11/5/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1921 |
| COUNTY | Tippecanoe | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Lafayette |
|---|---|
| Elementary School | Thomas Miller |
| Jr. High School | Sunnyside/Tecumseh |
| High School | Jefferson |
| ADDITIONAL DETAILS | |
| AIR | Multi Units, Wall Unit(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Electric Range, Gas Range, Refrigerator, Washer |
| BASEMENT | Partial, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Forced Air |
| LOT | 6534 sq ft |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 50x130 |
| SEWER | Public Sewer |
| STYLE | Other |
| SUBDIVISION | None |
| TAXES | 5204 |
| 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© 2026 IRMLS. All rights reserved.
Last Updated On: 11/5/26 10:11 PM PST
Walk Score provided by walkscore.com
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 11/5/26 10:11 PM PST
Walk Score provided by walkscore.com
This IDX solution is (c) Diverse Solutions 2026.
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