115 S 9th Street, Lafayette, IN 47905
- Added:
- Apr 7, 2026
- Days on Market:
- 68
- Last Refresh:
- Jun 13 at 10:06 am
Property Features for 115 S 9th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Off Street
- EntryLevel
- Upper,Main
- Exterior features
- Off Street Parking, Foyer Entry, None
- Basement Y/N
- 1
- Appliances
- Range
- Standard status
- Active
- APN
- 79-07-28-101-004.000-004
- Size
- 4,094 SF
- Lot size
- 0.24 Acres
Utilities
- Heating system
- Baseboard
- Cooling system
- Wall Unit(s)
Building Details
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Carpet, Laminate, Wood
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Lynn Beckham License #RB16001188 (765) 807-7177
Listing office Keller Williams Lafayette 3928 McCarty Ln., Lafayette, IN (765) 807-7177
Listing date Apr 7, 2026
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.
HighLights
- Fully rented 5‑plex generating $5,400 gross monthly income.
- Located in the highly desirable Historic 9th Street Hill neighborhood.
- All units renovated within the past 4 years.
- Close proximity to downtown.
- Off‑street parking available.
- Basement included.
Overview
Located at 115 S 9th Street in Lafayette, Indiana, the building is in the Historic 9th Street Hill neighborhood and is described as close to downtown. The lot size is listed as 0.239 acres.
For buyers seeking an income-focused multifamily asset, the combination of existing tenancy and unit renovations can support an operator looking for a stabilized property. The listing reports gross monthly rent of $5,400, providing a clear starting point for underwriting based on current performance.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.3k | $16.20 |
| − Vacancy | −$776 | −$0.19 |
| EGI | $65.5k | $16.01 |
| − OpEx | −$29.5k | −$7.20 |
| NOI | $36.1k | $8.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.886336
- Latitude
- 40.415853
