2-Unit Updated
For Sale
$196,969
1829 Greenbush St, Lafayette, IN 47904
Two separate residences offer a straightforward multifamily configuration with updated interiors.
Property Size1,164 SF
Price / SF$169.22
Days on Market86
Property Features for 1829 Greenbush St
General Information
Standard status
Active
Size
1,164 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Raeco Realty
Listed By:
Jason Conley · License #RB23001060
(765) 838-2785
Source:
Spencerchildersgroup
Added: Jul 20
Changed: Sep 12
Last Checked: Oct 12 at 10:46PM
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 Raeco Realty
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each arranged with 1 bedroom and 1 bathroom. The property was built in 1920 and has received updates over time, supporting continued residential use across both sides.
Located at 1829 Greenbush Street in Lafayette, Indiana, the property is identified as a duplex and presents a two-unit multifamily format. Each residence offers a functional layout within the existing structure.
Located at 1829 Greenbush Street in Lafayette, Indiana, the property is identified as a duplex and presents a two-unit multifamily format. Each residence offers a functional layout within the existing structure.
Key Highlights
- Two‑unit duplex at 1829 Greenbush Street
- Each unit includes 1 bedroom and 1 bathroom
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,119
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,380
$222.4K
Cap Rate 7%
$158,843
$158.8K
Cap Rate 9%
$123,544
$123.5K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$16.1K $13.80/SF
− Vacancy
−$178 −$0.15/SF
EGI
$15.9K $13.65/SF
− OpEx
−$4.8K −$4.09/SF
NOI
$11.1K $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%
$222,380
Cap Rate 7%
$158,843
Cap Rate 9%
$123,544
Alternative Uses
Best Use
Multifamily LT 5
$158.8K
$139.0K – $185.3K
NOI $11,119 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$146.4K
$128.1K – $170.8K
NOI $10,250 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$268.7K
$235.2K – $313.5K
NOI $18,812 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
995
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a straightforward multifamily configuration with updated interiors.
Where is this duplex located?
The property is located at 1829 Greenbush St Lafayette, IN.
What is the asking price?
The asking price for this property is $196,969.
What are key features of this property?
This property features: Two‑unit duplex at 1829 Greenbush Street; Each unit includes 1 bedroom and 1 bathroom; Built in 1920
