Fully Leased Triplex
712-714 South 5th Street Lafayette, IN 47905
712-714 South 5th Street, Lafayette, IN, 47905
$209,900
For Sale
$209,900
Triplex with two main-floor units and an upstairs unit, with utilities included in rent.
Property Size2,056 SF
Price / SF$102.09
Days on Market81
Property Features for 712-714 South 5th Street
General Information
- Standard status
- Active
- Size
- 2,056 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1930
Listing agency
TruVant Realty
(765) 427-2501
Listed by
Tabitha Casto · License #RB14051001
(765) 427-2501
Source
Compass
Added: May 3 Updated: Jul 22 at 9:29AM Checked: Jul 22 at 9:29AM
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 TruVant Realty
Investment Insights
Based on property information with market context.
This fully rented triplex offers three residential units arranged with two roomy units on the main floor and a single cozy unit upstairs. Utilities are included in the rent, which simplifies tenant billing. The property is currently producing $2,765 per month, with a planned increase to $2,870 starting 6/1/26. Tenants also have access to a spacious backyard.
The building is located at 712-714 South 5th Street in Lafayette, Indiana, tucked away off Kossith Street on S. 5th St., with proximity to historic downtown and a short commute across the bridge to campus.
This listing is part of a package deal that includes 1029 N 6th Street. Please contact the agent for additional details prior to scheduling a showing.
The building is located at 712-714 South 5th Street in Lafayette, Indiana, tucked away off Kossith Street on S. 5th St., with proximity to historic downtown and a short commute across the bridge to campus.
This listing is part of a package deal that includes 1029 N 6th Street. Please contact the agent for additional details prior to scheduling a showing.
Key Highlights
- Triplex built in 1930 with 3 total bedrooms and 3 full baths, offering two main‑floor units plus one upstairs unit
- Fully rented investment property with current income of $2,765 per month and an increase to $2,870 starting 6/1/26
- Utilities are included in the rent, with utility information available upon request
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 | $33.3k | $16.20 |
| − Vacancy | −$390 | −$0.19 |
| EGI | $32.9k | $16.01 |
| − OpEx | −$14.8k | −$7.20 |
| NOI | $18.1k | $8.81 |
2,056 SF · lease $16.20/SF/yr · vacancy 1.17% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.6K
$245.5K – $327.4K
NOI $19,641 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$258.6K
$226.3K – $301.8K
NOI $18,105 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$474.7K
$415.3K – $553.8K
NOI $33,227 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with two main-floor units and an upstairs unit, with utilities included in rent.
Where is this triplex located?
The property is located at 712-714 South 5th Street Lafayette, IN.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Triplex built in 1930 with 3 total bedrooms and 3 full baths, offering two main‑floor units plus one upstairs unit; Fully rented investment property with current income of $2,765 per month and an increase to $2,870 starting 6/1/26; Utilities are included in the rent, with utility information available upon request
