Three-Unit Multifamily
1019 N Brown Street, Lafayette, IN 47904
For Sale
New
$248,000
INVESTMENT, Two Story, Lafayette, IN
Property Size2,184 SF
Price / SF$113.55
Days on Market1
Property Features for 1019 N Brown Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Architectural style
Listing Agency:
Keller Williams Lafayette · Keller Williams Realty
(765) 807-7177
Listed By:
Aaron Bagsby · License IN RB18002310
(765) 585-4649
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 202646671
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 2,184-square-foot triplex contains three apartments: one with two bedrooms and two with one bedroom each. All units are rented. The building dates to 1901 and has wood and carpet flooring, central air, and wall-unit cooling. A basement is also part of the property.
The property is at 1019 N Brown Street in Lafayette, Indiana. Its unit mix and current occupancy provide a clear snapshot of the existing residential configuration.
The property is at 1019 N Brown Street in Lafayette, Indiana. Its unit mix and current occupancy provide a clear snapshot of the existing residential configuration.
Key Highlights
- Three units: one 2‑bedroom apartment and two 1‑bedroom apartments
- All three apartments are currently rented
- 2,184 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,863
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,260
$417.3K
Cap Rate 7%
$298,043
$298.0K
Cap Rate 9%
$231,811
$231.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$30.1K $13.80/SF
− Vacancy
−$335 −$0.15/SF
EGI
$29.8K $13.65/SF
− OpEx
−$8.9K −$4.09/SF
NOI
$20.9K $9.55/SF
Area
Tippecanoe County, IN
Vacancy
1.11%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,260
Cap Rate 7%
$298,043
Cap Rate 9%
$231,811
Alternative Uses
Best Use
Multifamily LT 5
$298.0K
$260.8K – $347.7K
NOI $20,863 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,232 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$504.2K
$441.2K – $588.3K
NOI $35,296 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,110
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied with a two-bedroom unit and two one-bedroom units.
Where is this triplex located?
The property is located at 1019 N Brown Street Lafayette, IN.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Three units: one 2‑bedroom apartment and two 1‑bedroom apartments; All three apartments are currently rented; 2,184 square feet
