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1421 South Street

Lafayette, IN 47901
  • $244,900
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 202504180
UPDATED: 39 min ago
$244,900
  • 3
    BEDS
  • 0.1
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,232
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Calvin Dykhuizen of Trueblood Real Estate: Agt: 765-426-3928.

Description

This updated 3-unit property at 1421 South Street in Lafayette is a fantastic investment opportunity, ideally located just minutes from downtown Lafayette and Purdue University. Each of the three units features 1 bed and 1 bath, with a total rental income of $2,300 per month. The property has been recently renovated with new siding, roof, windows, and gutters, ensuring long-term durability and low maintenance. Its close proximity to downtowns shops, restaurants, and entertainment, along with easy access to Purdue University, makes it a highly desirable location for tenants. With steady rental income and a prime location, this property is an excellent addition to any real estate portfolio.

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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2025-03-15T15:28:46.257.

www.movingwithteammelton.com/homes/160203184
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1421 South Street Lafayette, IN 47901

  • Price: $244,900
  • Status: Active
  • On Site: 32 Days
  • Updated: 39 min ago
  • MLS #: 202504180
3
Beds
3
Baths
0
½ Baths
0.1
Acres
2,232
SQFT
$110
$/SQFT
1910
Built
Neighborhood:
None
County:
Tippecanoe
Area:
Tippecanoe
Elementary School:
Thomas Miller
Middle School:
Sunnyside/Tecumseh
High School:
Jefferson
School District:
Lafayette
Property Description
This updated 3-unit property at 1421 South Street in Lafayette is a fantastic investment opportunity, ideally located just minutes from downtown Lafayette and Purdue University. Each of the three units features 1 bed and 1 bath, with a total rental income of $2,300 per month. The property has been recently renovated with new siding, roof, windows, and gutters, ensuring long-term durability and low maintenance. Its close proximity to downtowns shops, restaurants, and entertainment, along with easy access to Purdue University, makes it a highly desirable location for tenants. With steady rental income and a prime location, this property is an excellent addition to any real estate portfolio.
Exterior Features

Architectural Style Traditional Driveway Gravel Exterior Vinyl Fence None Location City/Town/Suburb Lot Description Level Lot Dimensions 132 x 32 Outbuilding None Parking Off StreetStreet Parking Spaces 3 Pool YN No Roof Material Shingle Style Two Story Unit3 Garage Type None Waterfront YN No

Interior Features

Above Grade Bedrooms 3 Above Grade Finished Sqft 2232 Above Grade Unfin Sq Ft 0 Amenities Ceiling FanCable Ready Basement Foundation Unfinished Basement Material Brick Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1464 Cooling Window Dishwashers 0 Disposals 0 Dryers 0 Flooring Vinyl Tile Heating Fuel GasForced Air Microwaves 0 Ranges Ovens 3 Refrigerators 3 Rooms Below Grade 1 Total Baths 3 Total Below Grade Sqft 1464 Total Sq Ft 3696 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit1 Sq Ft 744 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit2 Sq Ft 744 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit3 Sq Ft 744 Wash Dry Hookups 1 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 27600 Annual Insurance Expense 1200 Annual Maint Expense 1000 Annual Misc 500 Annual Net Income 22290 Annual Property Tax 2010 Annual Trash Expense 0 Annual Water Sewer Exp 600 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 1 Documents Available Sellers Disclosure Efficiencies 0 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 2300 Gross Monthly Rent 2300 Lease Term Month to Month1 Year New Construction No One Bedrooms 3 Owner Pays SewerTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Triplex Proposed Financing CashConventional Reo YN No Sale Includes BuildingLease Sewer City Tenant Pays CableCoolingElectricFuelHeating Three Bedrooms 0 Township Fairfield Two Bedrooms 0 Unit1 Unit Rent 850 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 850 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Unit3 Unit Rent 600 Unit3- Currently Rntd Y / N Yes Unit3- Garage Y / N No Units Rented 3 Water Meters 1 Water Utility City Year Taxes Payable 2025

Listing provided by Calvin Dykhuizen of Trueblood Real Estate: Agt: 765-426-3928.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2025-03-15T15:28:46.257.

 
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Listing provided by Calvin Dykhuizen of Trueblood Real Estate: Agt: 765-426-3928.