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Historic Two-Unit Duplex
For Sale
$259,900

1014 Heath St, Lafayette, IN 47904

Fully leased duplex with separate utilities and updated kitchens and baths.

Property Size2,800 SF
Price / SF$92.82
Days on Market66

Property Features for 1014 Heath St

General Information

Standard status Active
Size 2,800 SF
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,975
Listing Agency: Keller Williams Lafayette
Listed By: Scott Brown · License #RB14045146
Source: Exprealty
Added: Jun 8 Changed: Aug 9 Last Checked: Aug 11 at 11:56AM

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 Keller Williams Lafayette

Investment Insights

Based on property information with market context.

This historic duplex contains approximately 2,800 square feet arranged across two residential units. Each unit offers two bedrooms and one bathroom, while finished third-floor living space adds to the property’s usable configuration. Improvements include a newer roof, separate utilities, updated kitchens and baths, refinished hardwood floors, and multiple HVAC and water heater replacements.

Both units are leased under renewed tenant agreements extending through July 2027. The property is located at 1014 Heath St in Lafayette, minutes from Downtown Lafayette and Purdue University, with nearby shopping, dining, and downtown amenities. Recent street work added new pavement, sidewalks, and curbs.

Key Highlights

  • Approximately 2,800 square feet across two units
  • Both units feature 2 bedrooms and 1 bath
  • Fully leased with agreements renewed through July 2027

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store Pet Grooming Service Electrical Service Veterinary Clinic

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

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,132
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

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?
Duplex - Fully leased duplex with separate utilities and updated kitchens and baths.
Where is this duplex located?
The property is located at 1014 Heath St Lafayette, IN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Approximately 2,800 square feet across two units; Both units feature 2 bedrooms and 1 bath; Fully leased with agreements renewed through July 2027
More about this property
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