823 825 Woodmere Drive, Lafayette, IN 47905
Ranch, Duplex - Lafayette, IN
- Added:
- Jun 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 10 at 2:06 am
Property Features for 823 825 Woodmere Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Laundry
- Parking features
- Garage, Garage - Attached, Off Street
- EntryLevel
- Main
- Exterior features
- Ceiling Fan, Fireplace, Off Street Parking, Storage, Cable Available, Closet(s) Walk-in, Garage Door Opener, Landscaped, Water Heater Gas, Shed
- Appliances
- Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Washer
- Standard status
- Active
- APN
- 79-07-23-253-031.000-004
- Size
- 2,680 SF
- Lot size
- 0.30 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Laminate
- Building materials
- Brick
- Architectural style
- Ranch
- Additional Structures
- Garage(s), Packing Shed, Shed(s), Storage
Listing agent Carole King License #RB14023874 (765) 807-7177
Listing office Keller Williams Lafayette 3928 McCarty Ln., Lafayette, IN (765) 807-7177
Listing date Jun 9, 2026
Copyright © 2026 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.
HighLights
- 2‑unit ranch‑style brick home in Potter's Hollow subdivision
- Unit 823: 2 BR, 1.5 baths, fireplace, screened porch, 2 separate attached garages, and storage barn
- Unit 825: 2 BR, 2 baths, large living room, attached garage, and sunroom
- Both units include washer and dryer
- Central air and forced‑air natural gas heating for the home
- Basement included plus off‑street parking, shed, and garage door openers
Overview
The property is located at 823-825 Woodmere Drive in the Potter’s Hollow subdivision in Lafayette, Indiana, within Tippecanoe County. The duplex format provides two independent homes within a single property, which can be useful for both owner-occupants and investors seeking a multi-unit setup.
For tenants or buyers, the layout offers an owner-occupy option where one side can be lived in while the other generates rental income potential. The presence of attached garages, in-unit laundry, and dedicated outdoor spaces such as a screened porch and sunroom can appeal to a broad range of households looking for functional, low-friction living arrangements.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.0k | $13.80 |
| − Vacancy | −$411 | −$0.15 |
| EGI | $36.6k | $13.65 |
| − OpEx | −$11.0k | −$4.09 |
| NOI | $25.6k | $9.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.836692
- Latitude
- 40.426098
