Five-Unit Multifamily
For Sale
Contact for pricing
Pending
1509 Cason Street, Lafayette, IN 47904
Five-unit multifamily converted from a historic home, with four units rented and one unit finishing touches pending.
Days on Market111
Property Features for 1509 Cason Street
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
80%
Additional Details
Multifamily Units
5
Amenities
shared laundry
detached garage
Building Details
Tenancy
Multi
Listing Agency:
Shook Commercial Real Estate
(207) 657-4250
Listed By:
Julie Ginn · License #IN
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 23 at 1:17PM
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 Shook Commercial Real Estate
Investment Insights
Based on property information with market context.
This five-unit multifamily property was converted from a historic home that once housed the Perrin Family. Four of the units are already rented, while the fifth unit is awaiting finishing touches. The property also includes a detached garage, and shared laundry is available in the basement.
Located in the Perrin neighborhood, the setting features Victorian homes, many of which have been restored. The property is centrally located with convenient access to downtown, Purdue’s campus, and Columbian Park.
Located in the Perrin neighborhood, the setting features Victorian homes, many of which have been restored. The property is centrally located with convenient access to downtown, Purdue’s campus, and Columbian Park.
Key Highlights
- Converted historic home now a 5‑unit multifamily property
- Four of the five units are already rented
- Fifth unit is awaiting finishing touches
Property Analytics
Current Use
Lease Details
5
Residential units
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,185
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily converted from a historic home, with four units rented and one unit finishing touches pending.
Where is this apartment building located?
The property is located at 1509 Cason Street Lafayette, IN.
What are key features of this property?
This property features: Converted historic home now a 5‑unit multifamily property; Four of the five units are already rented; Fifth unit is awaiting finishing touches
