203 Lincoln Street Lafayette, IN 47904
MULTI_FAMILY - Lafayette, IN
- Added:
- Jul 8, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 12 at 2:06 pm
Property Features for 203 Lincoln Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 5, Basement, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 1
- Parking
- 2
- Parking features
- Off Street
- Standard status
- Active
- APN
- 79-07-28-205-002.000-004
- Size
- 2,788 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E M WEAVERS ADDN N 1/2 LOTS 62 & 63
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Ryan Griswold License #RB16000796 (765) 426-5502
Listing office Elite Property Mgmt and Realty 210 Professional Ct Suite A, Lafayette, IN (765) 607-4663
Listing date Jul 8, 2026
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.
Investment Insights
Based on property information with market context.
The property is located near Columbian Park in Lafayette, with convenient access to downtown Lafayette and Purdue University. Shopping and multiple restaurants are described as within 5 minutes, and the home is also close to major roads and highways including US 52, US 231, and I-65.
Overall, the duplex configuration offers two distinct residential layouts within a single building, each currently occupied under fully leased terms.
Key Highlights
- Built in 1901 duplex offering approximately 2,800 sq ft of living space near Columbian Park in Lafayette
- Unit mix: one side has 4 bedrooms and 1 full bath; the other side has 2 bedrooms and 1 full bath
- Both sides are fully leased
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.2k | $16.20 |
| − Vacancy | −$528 | −$0.19 |
| EGI | $44.6k | $16.01 |
| − OpEx | −$20.1k | −$7.20 |
| NOI | $24.6k | $8.81 |
