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525 S 3rd Street, Lafayette, IN 47905

Lafayette
Local realty services provided by:CENTURY 21 Scheetz
525 S 3rd Street,Lafayette, IN 47905
$359,000
Virtual Tour
  • 6 Beds
  • 4 Baths
  • 2,280 sq. ft.
  • Single family
  • Active
Listed by: steven childersAgt: 765-413-6046
Office: keller williams lafayette
MLS#:202645678
Source:Indiana Regional MLS

Price summary

  • Price:$359,000
  • Price per sq. ft.:$131.5

About this home

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.

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Home facts

  • Year built:1921
  • Subdivision & Development:None
  • Listing ID #:202645678
  • Added:1 day(s) ago
  • Updated:November 07, 2026 at 04:40 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:6
  • Rooms Total:14
  • Flooring:Carpet, Vinyl
  • Kitchen Description:On Main Level, Range-Electric, Range-Gas, Refrigerator
  • Basement Description:Partial Basement
  • Living area:2,280 sq. ft.

Heating and cooling

  • Cooling:Multiple Cooling Units, Wall AC, Window
  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1921
  • Building area:2,280 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Level
  • Architectural Style:Two Story
  • Construction Materials:Vinyl
  • Exterior Features:Porch Covered
  • Levels:2 Stories

Schools

  • High school:Jefferson
  • Middle school:Sunnyside/Tecumseh
  • Elementary school:Thomas Miller

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$359,000
  • Price per sq. ft.:$131.5
  • Tax amount:$5,204

Features and amenities

  • Laundry features:Dryer Hook Up Electric
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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