Listing Agency: Marcus & Millichap - Indianapolis

Listed By: Aaron Kuroiwa · License #IN RB17000780

Source: Crexi

Added: Feb 20 Changed: Aug 8 Last Checked: Jul 24 at 2:43PM

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Investment Insights

Based on property information with market context.

This 12-unit multifamily portfolio is located in West Lafayette, Indiana. The property consists of three fourplex buildings constructed in the mid-1990s. Each unit features a 2 bedroom / 1 bathroom floor plan. The property offers residents a high-density residential feel with the privacy of a small-scale community. The location is in a high-growth submarket driven by the expansion of Purdue University and the Discovery Park District. West Lafayette's housing market is defined by apartment supply constraints. The vacancy rates in the submarket remain near historic lows. The West Lafayette Fourplexes are positioned for long-term capital appreciation and stable operations.

Key Highlights

• 12‑unit multifamily portfolio in West Lafayette, Indiana
• Mid‑1990s fourplexes in a high‑growth submarket driven by Purdue University and Discovery Park District
• Spacious 2 bedroom / 1 bathroom floor plans

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Spa & Massage Center Building Supply Parking Lot & Garage HVAC Service

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

185

Businesses Nearby

Explore this area Business Placement

Demographics for 47906, IN

73,579

Population

28,658

Households

2.6

Avg Household Size

26

Median Age

62%

College-Educated

96%

High-School Grad

133.6 sq mi

ZIP Area

551

Density / Sq Mi

$51,736

Median Household Income

$18,528

Median Earnings

$1,157

Median Rent

$280,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - 12-unit multifamily portfolio in high-growth West Lafayette, Indiana.

Where is this quadplex located?

The property is located at 2801 Horizon Dr West Lafayette, IN.

What is the asking price?

The asking price for this property is $1,425,000.

What are key features of this property?

This property features: 12‑unit multifamily portfolio in West Lafayette, Indiana; Mid‑1990s fourplexes in a high‑growth submarket driven by Purdue University and Discovery Park District; Spacious 2 bedroom / 1 bathroom floor plans