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3-Unit Victorian Triplex

1308 South Street, Lafayette, IN 47904

For Sale
$365,000

INVESTMENT, Two Story, Lafayette, IN

Property Size3,986 SF
Lot Size0.17 Acres
Price / SF$91.57
Days on Market49

Property Features for 1308 South Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 6, Basement
Parking 3
Lot features Level, 0-2.9999
Elementary school Thomas Miller
Middle school Sunnyside/Tecumseh
High school Jefferson
Elementary school district Lafayette
Middle school district Lafayette
High school district Lafayette
Directions GPS friendly.
Subdivision Tippecanoe County
Standard status Active
APN 79-07-21-365-003.000-004
Size 3,986 SF
Lot size 0.17 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Description RB STOCKTONS ADDN LOT 8 1 1/2 FT W SIDELOT 9 & 10 LOT 3
Legal Description RB STOCKTONS ADDN LOT 8 1 1/2 FT W SIDELOT 9 & 10 LOT 3

Utilities

Cooling system Central Air

Amenities

wood flooring
fireplace

Building Details

Year built 1890
Floors in Building 2
Number of units 3
Flooring type Wood, Carpet
Architectural style Other
Buildings 1
Listing Agency: Indiana Integrity REALTORS
Listed By: KENT BREWER · License #RB14048344
Added: Sep 22 Changed: Oct 28 Last Checked: Nov 9 at 8:06AM
MLS# 202639294

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 1890, this 3-unit property contains 3,986 square feet across three apartments. The main-floor unit has two bedrooms and two full bathrooms; the upstairs apartment has three bedrooms and one bathroom; and the third unit includes one bedroom and one bathroom. Together, the apartments provide six bedrooms and four full bathrooms. Wood flooring, a fireplace, and surviving Victorian architectural features contribute to the building’s character. Central air conditioning is also present.

All three apartments are currently rented. The property occupies a 0.17-acre lot in Lafayette, with downtown, Purdue University, restaurants, shopping, and entertainment described as within easy reach. Dedicated off-street parking is provided on a small adjacent lot.

Key Highlights

  • Three apartments, all currently rented
  • 3,986 square feet in a 3‑unit building
  • Unit mix: two‑bedroom/two‑bath, three‑bedroom/one‑bath, and one‑bedroom/one‑bath

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,786
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All apartments are rented, and the building retains wood floors, a fireplace, and Victorian-era details.
Where is this triplex located?
The property is located at 1308 South Street Lafayette, IN.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Three apartments, all currently rented; 3,986 square feet in a 3‑unit building; Unit mix: two‑bedroom/two‑bath, three‑bedroom/one‑bath, and one‑bedroom/one‑bath
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