Fully Leased
For Sale
$165,000
Pending
1429 Hart St, Lafayette, IN 47904
Two separately addressed units are currently rented.
Property Size1,224 SF
Days on Market8
Property Features for 1429 Hart St
General Information
Standard status
Pending
Size
1,224 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1976
Listing Agency:
Indiana Integrity REALTORS
Listed By:
Mary Holtz anewhome4u@aol.com · License #RB14023438
(765) 532-6901
Source:
Fortwayneareahomesforsale
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 12 at 8:35PM
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 Indiana Integrity REALTORS
Investment Insights
Based on property information with market context.
This duplex contains 1,224 square feet and is fully rented. The property comprises two addresses: 1429 and 1431 Hart Street in Lafayette, Indiana.
Key Highlights
- 1,224‑square‑foot duplex
- Addresses are 1429 and 1431 Hart Street
- Fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,693
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,860
$233.9K
Cap Rate 7%
$167,043
$167.0K
Cap Rate 9%
$129,922
$129.9K
Market Conditions
NOI Build-Up for 1,224 SF
Gross rent
$16.9K $13.80/SF
− Vacancy
−$187 −$0.15/SF
EGI
$16.7K $13.65/SF
− OpEx
−$5.0K −$4.09/SF
NOI
$11.7K $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%
$233,860
Cap Rate 7%
$167,043
Cap Rate 9%
$129,922
Alternative Uses
Best Use
Multifamily LT 5
$167.0K
$146.2K – $194.9K
NOI $11,693 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$154.0K
$134.7K – $179.6K
NOI $10,778 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$282.6K
$247.3K – $329.7K
NOI $19,781 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
546
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately addressed units are currently rented.
Where is this duplex located?
The property is located at 1429 Hart St Lafayette, IN.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,224‑square‑foot duplex; Addresses are 1429 and 1431 Hart Street; Fully rented
