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    514-516 Fairington Ave Lafayette, IN 47905

    Picture of Duplexes at Fairington Ave 514-516, Lafayette, IN
    For Sale
    $420,000

    Traditional, Duplex - Lafayette, IN

    Type:Duplex
    Property size:
    2,892 SF
    Lot size:
    0.20 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 514-516 Fairington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    6
    APN
    79-07-26-277-007.000-004
    Parking features
    Garage
    Exterior features
    Off Street Parking, None
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Washer
    Size
    2,892 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Expense value
    125
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    New Traditional

    Lafayette Success Group, LLC (765) 807-7177 [email protected]

    Listing agent Nathaniel Gustus (765) 807-7177 License #RB14036887

    Listing date Nov 25, 2025

    MLS# 202547198 Listing URL

    Copyright © 2025 Lafayette Regional Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lafayette Duplex with Pond View

    This is a fully rented duplex located on the east side of Lafayette. The two-story house includes views of a pond. Each unit features 3 bedrooms and 2.5 bathrooms, as well as a 2-car attached garage for storage and parking. Each unit is equipped with a washer and dryer, a fireplace, and spacious rooms. A large pond is located in the backyard. The property is located off State Road 26 (South Street). The property size is 2892 square feet and the lot size is 0.2 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8307
    Latitude
    40.411485

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    FAQs

    What type of property is this?
    Duplex - Fully rented duplex featuring pond views and spacious units.
    Where is this duplex located?
    The property is located at 514-516 Fairington Ave Lafayette, IN.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: - Fully rented duplex providing immediate rental income.; - Each unit has **3 bedrooms and 2.5 bathrooms**.; - Enjoy the **pond view from the backyard**.
    (765) 807-7177
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514-516 Fairington Ave Lafayette, IN 47905
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