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525 S 3rd Street, 
Lafayette, IN 47905

$400,000


6

Beds


4

Baths


2,280

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Steven Childers

Keller Williams Lafayette

Agt: 765-413-6046

Last updated:

November 10, 2025, 04:47 PM

MLS#

202544301

Source:

Indiana Regional MLS

About This Home

525 S 3rd Street

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.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1921

Price Summary

400,000

$175 per Sq. Ft.

MLS #:

202544301

Last Updated:

November 10, 2025, 04:47 PM

Added:

11 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,280 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

2,730 Sq. Ft.

Year Built:

1921


Lot

Lot Size (Sq. Ft):

6,534


Finances & Disclosures

Finances

Price:

$400,000

Price per Sq. Ft:

$175 per Sq. Ft.

Source:Indiana Regional MLS
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 2025 Indiana Regional MLS LLC.

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