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Updated Two-Story Duplex
For Sale
$314,900

217 Perrin Avenue, Lafayette, IN 47901

INVESTMENT, Two Story, Lafayette, IN

Property Size4,084 SF
Lot Size0.22 Acres
Price / SF$77.11
Days on Market47

Property Features for 217 Perrin Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 9
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 9, Bedroom 7
Parking 4
Parking features Off Street
Lot features City/ Town/ Suburb, Slope, 0-2.9999
Elementary school Murdock
Middle school Sunnyside/Tecumseh
High school Jefferson
Elementary school district Lafayette
Middle school district Lafayette
High school district Lafayette
Directions West on Main st, right on Perrin and the home is on the right.
Subdivision Tippecanoe County
Standard status Active
APN 79-07-21-384-002.000-004
Size 4,084 SF
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PERRINS ADDN LOT 54
Legal Description PERRINS ADDN LOT 54

Utilities

Cooling system Wall Unit(s)

Building Details

Year built 1901
Floors in Building 2
Number of units 2
Flooring type Carpet, Vinyl
Roof type Shingle, Asphalt
Architectural style Victorian
Listing Agency: Elite Property Mgmt and Realty
Listed By: Ryan Griswold · License #RB16000796
Added: Jul 8 Changed: Aug 19 Last Checked: Aug 23 at 6:06PM
MLS# 202627192

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.

This Victorian duplex at 217 Perrin Avenue contains 4,084 square feet of living area on a 0.22-acre lot. The property includes one five-bedroom, two-bath unit and a separate four-bedroom, one-bath unit, providing a combined nine bedrooms and three bathrooms. Both residences have been updated within the last few years, with newer appliances in one unit. Interior finishes include carpet and vinyl flooring, while wall-unit cooling serves the property. A basement adds storage, and off-street parking is available.

Built in 1901, the property is located near Lafayette’s historic downtown area with access to US52, US231, I-65, and SR26. Shopping and dining options are also situated near the property. Both units are currently leased.

Key Highlights

  • Two‑unit duplex with 4,084 square feet of living area
  • Unit mix includes 5 BR/2 bath and 4 BR/1 bath residences
  • Both units are leased and were updated within the last few years

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.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

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
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Frequently Asked Questions

What type of property is this?
Duplex - Fully leased duplex with two renovated residential units and off-street parking near downtown Lafayette.
Where is this duplex located?
The property is located at 217 Perrin Avenue 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 4,084 square feet of living area; Unit mix includes 5 BR/2 bath and 4 BR/1 bath residences; Both units are leased and were updated within the last few years
More about this property
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