1219 S 4th Street, Lafayette, IN 47905
Traditional, Duplex - Lafayette, IN
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 1219 S 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
- Parking features
- Off Street
- EntryLevel
- Main
- Exterior features
- Ceiling Fan, Ceiling-9+, Ceiling-tray, Countertops-laminate, Open Floor Plan, Water Heater Gas, Washer Hook-up, None
- Basement Y/N
- 1
- Appliances
- Dishwasher, Dryer, Range, Washer
- Standard status
- Active
- APN
- 79-07-29-459-012.000-004
- Size
- 2,080 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Concrete, Vinyl
- Architectural style
- New Traditional
Listing agent Sherry Cole License #RB14037843 (765) 807-7177
Listing office Keller Williams Lafayette 3928 McCarty Ln., Lafayette, IN (765) 807-7177
Listing date Jun 23, 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
- Income‑generating duplex with Unit 1 and Unit 2 rentals
- Unit 1 projected at $1,400/month market rent; Unit 2 currently cash‑flowing at $1,430/month
- Both units include in‑unit washer and dryer, plus gas water heater
- Central air and forced‑air natural gas heating for year‑round comfort
- Covered front porch and a private side patio area; separate entrance for added privacy
- Off‑street parking; basement included with 2 bathrooms and up to 5 bedrooms (Bedroom 1–5)
Overview
Public remarks describe the property as being minutes from Purdue University, downtown, bus lines, and the public library, positioning it for tenant demand tied to school and everyday accessibility.
For buyers seeking a residential income property with straightforward duplex configuration, this asset provides two distinct rental spaces with in-unit laundry and an outdoor patio component. The current reported rents are $1,400 per month for Unit 1 and $1,430 per month for Unit 2, with tenants responsible for utilities, which may help reduce landlord overhead.
Local Financial Insights For Multifamily LT 5
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 | $28.7k | $13.80 |
| − Vacancy | −$319 | −$0.15 |
| EGI | $28.4k | $13.65 |
| − OpEx | −$8.5k | −$4.09 |
| NOI | $19.9k | $9.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.892694
- Latitude
- 40.404464
