525 S 3rd ST, Lafayette, IN 47905
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525 S 3rd ST, Lafayette, IN 47905
525 S 3rd ST, Lafayette, IN 47905
525 S 3rd ST, Lafayette, IN 47905
525 S 3rd ST, Lafayette, IN 47905
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Charles Bell

Charles Bell

+1(765) 532-9814
Listed by Steven Childers • Keller Williams Lafayette • Agt: 765-413-6046
$ 359,000
Est. payment /mo
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525 S 3rd ST Lafayette, IN 47905

6 Beds

4 Baths

2,280 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,280 sqft

MLS Listing ID IRM202645681

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1921

Tax Year 2026

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 50x130

Property Sub-Type Fourplex

Property Description

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.

Location

State IN

County Tippecanoe County

Rooms

Basement Partial

Interior

Heating Forced Air

Inclusions Building, Lease

Fireplace N

Exterior

Parking Features None, Unpaved, Other

Fence None

Amenities Available None

View Y/N true

Total Parking Spaces 4

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water City

Level or Stories Two

New Construction No

Schools

Elementary Schools Thomas Miller

Middle Schools Sunnyside/Tecumseh

High Schools Jefferson

School District Lafayette

Others

Pets Allowed No

Tax ID 79-07-29-259-013.000-004

Acceptable Financing IRM202645681

Listing Terms IRM202645681

Special Listing Condition None

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202645681

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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Charles Bell

Charles Bell

Real Estate Advisor RBRB18000586

+1(765) 532-9814

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525 S 3rd ST