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3-Unit Triplex with Carport
For Sale
$150,000
Pending

1011 Union Street, Lafayette, IN 47904

INVESTMENT, Two Story, Lafayette, IN

Property Size2,176 SF
Lot Size0.19 Acres
Days on Market11

Property Features for 1011 Union Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 3
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bedroom 1, Bathroom 4, Basement, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking 3
Parking features Off Street
Lot features City/ Town/ Suburb, Level
Elementary school Murdock
Middle school Sunnyside/Tecumseh
High school Jefferson
Elementary school district Lafayette
Middle school district Lafayette
High school district Lafayette
Directions From N 9th St. Right on Union. Home on Right.
Subdivision Tippecanoe County
Standard status Pending
APN 79-07-21-308-007.000-004
Size 2,176 SF
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description HANNA & REYNOLDS ADDN LOT 54
Legal Description HANNA & REYNOLDS ADDN LOT 54

Utilities

Cooling system Central Air

Building Details

Year built 1900
Floors in Building 2
Number of units 3
Flooring type Wood, Vinyl
Roof type Asphalt, Shingle
Architectural style Other
Listing Agency: The Real Estate Agency
Listed By: Robyn Bower
Added: Oct 6 Changed: Oct 8 Last Checked: Oct 16 at 7:06AM
MLS# 202641404

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.

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Investment Insights

Based on property information with market context.

This 2,176-square-foot triplex contains three apartments: a two-bedroom, 1.5-bath unit; a one-bedroom, one-bath unit; and a studio that could be returned to garage use. The property was built in 1900 and occupies a 0.1882-acre lot. Wood and vinyl flooring and central air are among the building features.

Off-street parking is available behind the property, along with a carport. The apartments are described as ready for tenants, while updates and improvements could be considered. The property is offered in as-is condition, and inspections are welcome.

Key Highlights

  • Three units: 2‑bedroom/1.5‑bath, 1‑bedroom/1‑bath, and a studio
  • 2,176 square feet on a 0.1882‑acre lot
  • Studio could be converted back into a garage

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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three apartments include a two-bedroom layout, a one-bedroom layout, and a studio that may be converted back to a garage.
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‑bedroom/1.5‑bath, 1‑bedroom/1‑bath, and a studio; 2,176 square feet on a 0.1882‑acre lot; Studio could be converted back into a garage
More about this property
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