Duplex with In-Unit
For Sale
$329,000
1219 S 4th St, Lafayette, IN 47905
Two separate units offer flexible layouts, private outdoor space, and tenant-paid utilities.
Property Size2,080 SF
Price / SF$158.17
Days on Market88
Property Features for 1219 S 4th St
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
in-unit washers and dryers
private side patio area
covered front porch
Building Details
Year Built
1935
Buildings
1
Listing Agency:
Keller Williams Lafayette
Listed By:
Sherry Cole · License #RB14037843
(765) 807-7177
Source:
Caryteamrealty
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 15 at 12:41AM
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
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Investment Insights
Based on property information with market context.
This 2,080-square-foot duplex, built in 1935, contains two distinct residential units with different layouts. One side offers an open interior arrangement and kitchen, while the other includes a multilevel plan with a living room, kitchen, and bedrooms. A covered front porch, separate entrance, in-unit washers and dryers, and a private side patio add practical features for occupants. Tenants are responsible for all utilities.
The property is located at 1219 S 4th St in Lafayette, near Purdue University, downtown, bus lines, and the public library. Its two-unit configuration supports residential rental use, with the source information also identifying the possibility of occupying one side while using the other for a business.
The property is located at 1219 S 4th St in Lafayette, near Purdue University, downtown, bus lines, and the public library. Its two-unit configuration supports residential rental use, with the source information also identifying the possibility of occupying one side while using the other for a business.
Key Highlights
- 2,080 SF duplex at 1219 S 4th St, Lafayette, IN 47905
- Built in 1935
- Two units with distinct interior layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,870
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,400
$397.4K
Cap Rate 7%
$283,857
$283.9K
Cap Rate 9%
$220,778
$220.8K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$28.7K $13.80/SF
− Vacancy
−$319 −$0.15/SF
EGI
$28.4K $13.65/SF
− OpEx
−$8.5K −$4.09/SF
NOI
$19.9K $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%
$397,400
Cap Rate 7%
$283,857
Cap Rate 9%
$220,778
Alternative Uses
Best Use
Multifamily LT 5
$283.9K
$248.4K – $331.2K
NOI $19,870 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$261.7K
$229.0K – $305.3K
NOI $18,316 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$480.2K
$420.2K – $560.3K
NOI $33,615 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 47905, IN
41,787
Population
18,309
Households
2.3
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
120.4 sq mi
ZIP Area
347
Density / Sq Mi
$63,115
Median Household Income
$41,595
Median Earnings
$1,101
Median Rent
$215,500
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 units offer flexible layouts, private outdoor space, and tenant-paid utilities.
Where is this duplex located?
The property is located at 1219 S 4th St Lafayette, IN.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 2,080 SF duplex at 1219 S 4th St, Lafayette, IN 47905; Built in 1935; Two units with distinct interior layouts
