6-Unit Multifamily
For Sale
$490,000
1103 North Street, Lafayette, IN 47904
INVESTMENT, Two Story, Lafayette, IN
Property Size3,870 SF
Lot Size0.15 Acres
Price / SF$126.61
Days on Market181
Property Features for 1103 North Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
8
Full bathrooms
6
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 9, Bathroom 2, Bathroom 4, Bedroom 6, Bathroom 6, Bathroom 7, Bedroom 8, Bedroom 7, Basement, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 10, Bathroom 5, Bathroom 8
Parking
1
Fireplace
1
Basement
Block
Lot features
City/ Town/ Suburb, Corner
Elementary school
Edgelea
Middle school
Sunnyside/Tecumseh
High school
Jefferson
Elementary school district
Lafayette
Middle school district
Lafayette
High school district
Lafayette
Directions
N 9th Street, right on North St, property on the right side.
Subdivision
Tippecanoe County
Standard status
Active
APN
79-07-21-351-006.000-004
Size
3,870 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
TAYLOR HANNA HARTER & STOCKWELL ADDNLOT 72
Legal Description
TAYLOR HANNA HARTER & STOCKWELL ADDNLOT 72
Building Details
Year built
1880
Floors in Building
2
Number of units
6
Flooring type
Carpet, Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
Indiana Integrity REALTORS
(765) 607-4070
Listed By:
Eric Campos · License #RB14052463
(765) 430-2160
Added: Apr 9
Changed: Oct 2
Last Checked: Oct 6 at 6:06AM
MLS# 202612419
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.
Investment Insights
Based on property information with market context.
This Lafayette multifamily property consists of two buildings with six units across 3,870 square feet on a 0.15-acre parcel. The duplex dates to 1900, while the fourplex was built in 1880. Carpet and laminate flooring and a fireplace are among the recorded interior features; the roof is shingle.
Two units are currently rented. Tenants pay all utilities. The property is located at 1103 North Street in Lafayette, Indiana.
Two units are currently rented. Tenants pay all utilities. The property is located at 1103 North Street in Lafayette, Indiana.
Key Highlights
- Six units across two buildings: a duplex and a fourplex
- 3,870 square feet on a 0.15‑acre parcel
- Duplex built in 1900; fourplex built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,969
Cap Rate
7.54%
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 7.54%
Second Best
Apartment 5plus
$486.8K
$426.0K – $568.0K
NOI $34,078 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$893.5K
$781.8K – $1.04M
NOI $62,544 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residential buildings—a duplex and a fourplex—occupy a single parcel.
Where is this multifamily property located?
The property is located at 1103 North Street Lafayette, IN.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Six units across two buildings: a duplex and a fourplex; 3,870 square feet on a 0.15‑acre parcel; Duplex built in 1900; fourplex built in 1880
