Search
Updated Duplex with Leased Units
For Sale
$314,900

217 Perrin Ave, Lafayette, IN 47901

Two leased residences offer five- and four-bedroom layouts, with newer appliances in one unit.

Property Size4,084 SF
Price / SF$77.11
Days on Market32

Property Features for 217 Perrin Ave

General Information

Standard status Active
Size 4,084 SF
Property subtype Multi-Family

Building Details

Year Built 1901
Listing Agency: Elite Property Mgmt and Realty
Listed By: Ryan Griswold · License #RB16000796
Source: Northeastindianahomefinder
Added: Jul 31 Changed: Aug 29 Last Checked: Aug 30 at 5:57PM

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 Elite Property Mgmt and Realty

Investment Insights

Based on property information with market context.

This duplex contains 4084 square feet of living space arranged as two separate residences. One unit has 5 BR and 2 baths, while the other provides 4 BR and 1 bath. Both units are fully leased, and each has received updates within the last few years; one includes newer appliances. The property also offers substantial storage space.

Located near Lafayette’s historic downtown section, the property provides access to shopping and dining. Major routes in the surrounding area include US52/US231, I65, and SR26. The building dates to 1901.

Key Highlights

  • Two‑unit duplex with 4084 square feet of living space
  • 5 BR, 2 bath unit
  • 4 BR, 1 bath unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Tanning Salon Big Box & Wholesale Store Veterinary Clinic Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,888
Businesses Nearby

Demographics for 47901, IN

3,750
Population
2,875
Households
1.3
Avg Household Size
32
Median Age
57%
College-Educated
95%
High-School Grad
0.6 sq mi
ZIP Area
6,250
Density / Sq Mi
$46,425
Median Household Income
$39,368
Median Earnings
$954
Median Rent
$257,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two leased residences offer five- and four-bedroom layouts, with newer appliances in one unit.
Where is this duplex located?
The property is located at 217 Perrin Ave Lafayette, IN.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two‑unit duplex with 4084 square feet of living space; 5 BR, 2 bath unit; 4 BR, 1 bath unit
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message