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Courtesy of Keller Williams Lafayette, Steven Childers, Agt: 765-413-6046
6 Beds
4 Baths
2,280 sqft

$359,000

525 S 3rd Street, Lafayette IN, 47905

Built in1921
Property size2,280 sqft
Property typeMulti-family

Overview

Active

Updated 22h ago

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.

$2,388/mo

Est. mortgage payment based on a $359,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202645681

Interior Features

Bedrooms
6
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Municipality
Fairfield
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 5:08 AM UTC, 11/6/2026

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