Two-Building 6-Unit
For Sale
$460,000
1103 North St, Lafayette, IN 47904
Two separate buildings totaling six units on one parcel, with two units currently rented and tenants paying utilities.
Property Size3,870 SF
Price / SF$118.86
Days on Market202
Property Features for 1103 North St
General Information
Standard status
Active
Size
3,870 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1880
Listing Agency:
Indiana Integrity REALTORS
Listed By:
Eric Campos, Maria Campos · License #RB14044680
(765) 430-3971
Source:
Callcriswell
Added: Apr 10
Changed: Oct 25
Last Checked: Oct 7 at 12:58PM
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 Indiana Integrity REALTORS
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Investment Insights
Based on property information with market context.
This for-sale multifamily investment features six total units across two separate buildings on a single parcel. The duplex was built in 1900 and the fourplex was built in 1880, providing a mix of historic character and functional rental space.
Two units are currently rented. Tenants pay all utilities, which helps shift operating expenses to residents.
The property is configured as a duplex plus a fourplex under one ownership structure, offering a straightforward way to manage multiple tenants within two buildings.
Two units are currently rented. Tenants pay all utilities, which helps shift operating expenses to residents.
The property is configured as a duplex plus a fourplex under one ownership structure, offering a straightforward way to manage multiple tenants within two buildings.
Key Highlights
- 6‑unit investment property on a single parcel with two separate buildings (duplex + fourplex)
- Duplex built in 1900 and fourplex built in 1880
- Two units currently rented; tenants pay all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,969
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,380
$739.4K
Cap Rate 7%
$528,129
$528.1K
Cap Rate 9%
$410,767
$410.8K
Market Conditions
NOI Build-Up for 3,870 SF
Gross rent
$53.4K $13.80/SF
− Vacancy
−$593 −$0.15/SF
EGI
$52.8K $13.65/SF
− OpEx
−$15.8K −$4.09/SF
NOI
$37.0K $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%
$739,380
Cap Rate 7%
$528,129
Cap Rate 9%
$410,767
Alternative Uses
Best Use
Multifamily LT 5
$528.1K
$462.1K – $616.2K
NOI $36,969 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$486.8K
$426.0K – $568.0K
NOI $34,078 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$893.5K
$781.8K – $1.04M
NOI $62,544 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,110
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate buildings totaling six units on one parcel, with two units currently rented and tenants paying utilities.
Where is this duplex located?
The property is located at 1103 North St Lafayette, IN.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 6‑unit investment property on a single parcel with two separate buildings (duplex + fourplex); Duplex built in 1900 and fourplex built in 1880; Two units currently rented; tenants pay all utilities
