Two-Unit Duplex with
New
For Sale
$199,000
1920 Schuyler Avenue, Lafayette, IN 47904
INVESTMENT, Detached, Lafayette, IN
Property Size1,250 SF
Lot Size0.13 Acres
Price / SF$159.20
Days on Market1
Property Features for 1920 Schuyler Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 2, Basement, Bedroom 2, Bedroom 1, Bathroom 1
Parking
3
Lot features
City/ Town/ Suburb, Level
Elementary school
Vinton
Middle school
Sunnyside/Tecumseh
High school
Jefferson
Elementary school district
Lafayette
Middle school district
Lafayette
High school district
Lafayette
Directions
Take Schuyler Ave to 1920 Schuyler
Subdivision
Tippecanoe County
Standard status
Active
APN
79-07-16-825-042.000-004
Size
1,250 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
WARD & ANDREWS ADDN PT LOT 4 WARD & ANDREWS ADDN LOT 5
Legal Description
WARD & ANDREWS ADDN PT LOT 4 WARD & ANDREWS ADDN LOT 5
Utilities
Cooling system
Central Air
Building Details
Year built
1910
Number of units
2
Flooring type
Wood
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Lafayette · Keller Williams Realty
(765) 807-7177
Listed By:
John Wilson
(765) 413-1411
Added: Oct 20
Last Checked: Oct 20 at 11:06PM
MLS# 202643361
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 1,250-square-foot duplex comprises a two-story residence and a separate rear unit. Both units have a washer, dryer, gas range, and refrigerator. The rear unit also includes a single-car garage. The property was built in 1910, sits on a 0.13-acre lot, and has central air and wood flooring.
The occupants of the two-story unit have renewed their lease through 7/31/27. The rear unit is occupied under a month-to-month lease. Inspections are welcome, and the property is being offered in as-is condition.
The occupants of the two-story unit have renewed their lease through 7/31/27. The rear unit is occupied under a month-to-month lease. Inspections are welcome, and the property is being offered in as-is condition.
Key Highlights
- Two‑story residence plus a separate rear unit
- 1,250 square feet on a 0.13‑acre lot
- Both units include a washer, dryer, gas range, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,941
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,820
$238.8K
Cap Rate 7%
$170,586
$170.6K
Cap Rate 9%
$132,678
$132.7K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$17.3K $13.80/SF
− Vacancy
−$191 −$0.15/SF
EGI
$17.1K $13.65/SF
− OpEx
−$5.1K −$4.09/SF
NOI
$11.9K $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%
$238,820
Cap Rate 7%
$170,586
Cap Rate 9%
$132,678
Alternative Uses
Best Use
Multifamily LT 5
$170.6K
$149.3K – $199.0K
NOI $11,941 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$157.2K
$137.6K – $183.5K
NOI $11,007 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$288.6K
$252.5K – $336.7K
NOI $20,201 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
311
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate driveways serve the residences, while the rear unit has a single-car garage.
Where is this duplex located?
The property is located at 1920 Schuyler Avenue Lafayette, IN.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑story residence plus a separate rear unit; 1,250 square feet on a 0.13‑acre lot; Both units include a washer, dryer, gas range, and refrigerator
