Two-Unit
For Sale
$165,000
Pending
1429 Hart Street, Lafayette, IN 47904
INVESTMENT, One Story, Lafayette, IN
Property Size1,224 SF
Lot Size0.13 Acres
Days on Market22
Property Features for 1429 Hart Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking
2
Lot features
Corner, Level, 0-2.9999
Elementary school
Vinton
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
Pending
APN
79-07-16-351-005.000-004
Size
1,224 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
SNYDERS SD 53.15 FT N SIDE LOTS 1 & 2
Legal Description
SNYDERS SD 53.15 FT N SIDE LOTS 1 & 2
Utilities
Cooling system
Central Air
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Carpet
Architectural style
Other
Listing Agency:
Indiana Integrity REALTORS
(765) 607-4070
Listed By:
Mary Holtz
(765) 532-6901
Added: Oct 7
Changed: Oct 28
Last Checked: Oct 28 at 10:06PM
MLS# 202641690
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.
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Investment Insights
Based on property information with market context.
This two-unit residential property includes 1,224 square feet of building area on a 0.13-acre lot. Built in 1976, the duplex has carpet flooring and central air conditioning. The two residences are currently rented.
The property is addressed at 1429 and 1431 Hart Street in Lafayette, Indiana.
The property is addressed at 1429 and 1431 Hart Street in Lafayette, Indiana.
Key Highlights
- Two‑unit duplex with both residences rented
- 1,224 square feet of building area on a 0.13‑acre lot
- Built in 1976
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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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 - Both residences are occupied, and the property has central air conditioning.
Where is this duplex located?
The property is located at 1429 Hart Street 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: Two‑unit duplex with both residences rented; 1,224 square feet of building area on a 0.13‑acre lot; Built in 1976
