$400,000

525 S 3rd Street, Lafayette, IN 47905

  • 6 beds |
  • 4 baths |
  • 2,730 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1921
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $147/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

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.

Listing Status:
Active
Date Added:
October 31, 2025 at 05:00AM
Listing Office:
Keller Williams Lafayette : 765-807-7177
Listing Agent:
Steven Childers : 765-413-6046
MLS ID:
202544301
  • Basement: Partial Basement
  • Flooring: Mixed
  • A/C: Window
  • Heating: Forced Air
  • General: Vinyl
  • Style: Two Story
  • Other Structures: None
  • Parking: OtherUnpavedParking spaces: 4
  • Roofing: Shingle
  • School District: Lafayette
  • Driveway: None
  • Zoning: ROMIGS ADDN LOT 1579-07-29-259-013.000-004
  • Fencing: None

This listing courtesy of Steven Childers, Keller Williams Lafayette

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Thomas Miller Elementary School

700 S 4th St, Lafayette, IN, 47905

Grades KG-4

0.22 miles away

L

Lafayette Tecumseh Jr High School

2101 S 18th St, Lafayette, IN, 47905

Grades 7-8

1.48 miles away

J

Jefferson High School

1801 S 18th St, Lafayette, IN, 47905

Grades 9-12

1.31 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.