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Triplex with Carport
For Sale
$150,000
Pending

1011 Union Street, Lafayette, IN 47904

Three apartments offer a two-bedroom layout, a one-bedroom unit, and a studio.

Property Size2,176 SF
Days on Market8

Property Features for 1011 Union Street

General Information

Standard status Pending
Size 2,176 SF
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence could benefit from some updates and improvements

Units

Unit Mix 1 x 2BR/1.5BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units 3

Building Details

Year Built 1900
Listing Agency: Patton Hall Real Estate
Listed By: Patton Hall
Source: Pattonhall
Added: Oct 7 Changed: Oct 13 Last Checked: Oct 12 at 8:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patton Hall Real Estate

Investment Insights

Based on property information with market context.

This 2,176-square-foot triplex, built in 1900, contains three separate apartments: a two-bedroom, one-and-a-half-bath unit; a one-bedroom, one-bath unit; and a studio. The studio may be converted back to a garage. The property is being sold as-is and may need updates or other improvements.

Parking is available behind the building, and the property also has a carport. The triplex is near downtown Lafayette, Indiana.

Key Highlights

  • Three units: 2 bedrooms and 1.5 bathrooms; 1 bedroom and 1 bathroom; and a studio
  • 2,176 square feet
  • Built in 1900

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic Cosmetic Store Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,936
Businesses Nearby

Demographics for 47904, IN

16,571
Population
7,776
Households
2.1
Avg Household Size
34
Median Age
19%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
2,857
Density / Sq Mi
$46,841
Median Household Income
$34,455
Median Earnings
$965
Median Rent
$118,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three apartments offer a two-bedroom layout, a one-bedroom unit, and a studio.
Where is this triplex located?
The property is located at 1011 Union Street Lafayette, IN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Three units: 2 bedrooms and 1.5 bathrooms; 1 bedroom and 1 bathroom; and a studio; 2,176 square feet; Built in 1900
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