Brick Two-Unit Ranch
823 825 Woodmere Drive Lafayette, IN 47905
For Sale
$379,900
Pending
MULTI_FAMILY - Ranch - Lafayette, IN
Property Size2,680 SF
Lot Size0.30 Acres
Days on Market51
Property Features for 823 825 Woodmere Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
2
Bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking
2
Parking features
Off Street, Garage
Standard status
Pending
APN
79-07-23-253-031.000-004
Size
2,680 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
POTTER HOLLOW S SD PT 2 LOT 49 ANNEXED FROM 102-00520-0253
Tax Annual Amount
2252
Utilities
Cooling system
Central Air
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Architectural style
Ranch
Listing Agency:
Keller Williams Lafayette
(765) 807-7177
Listed By:
Carole King · License #RB14023874
(765) 427-0641
Added: Jun 9
Changed: Jul 28
Last Checked: Jul 29 at 6:06PM
MLS# 202622351
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 brick, two-unit ranch duplex includes separate living spaces designed for day-to-day comfort. Unit 823 features two bedrooms and 1.5 bathrooms, along with a fireplace, screened porch, and two separate attached garages. The unit also includes a storage barn. Unit 825 offers two bedrooms and two bathrooms, plus a large living room, an attached garage, and a sunroom. Both units have washer and dryer.
The property is located at 823 825 Woodmere Drive in Lafayette, Indiana 47905, within the Potter's Hollow subdivision in Tippecanoe County.
For an owner-occupant, the layout supports living in one side while renting the other. For investors, the configuration provides two self-contained units with attached garage parking and the convenience of in-unit laundry for each tenant. The mix of porches and indoor living space in each unit can help accommodate a range of household needs while keeping the property easy to operate as a duplex.
The property is located at 823 825 Woodmere Drive in Lafayette, Indiana 47905, within the Potter's Hollow subdivision in Tippecanoe County.
For an owner-occupant, the layout supports living in one side while renting the other. For investors, the configuration provides two self-contained units with attached garage parking and the convenience of in-unit laundry for each tenant. The mix of porches and indoor living space in each unit can help accommodate a range of household needs while keeping the property easy to operate as a duplex.
Key Highlights
- 2‑unit ranch style brick home built in 1971 in Potter's Hollow subdivision
- Unit 823: 2 BR, 1.5 baths, fireplace, screened porch, 2 separate attached garages, and storage barn
- Unit 825: 2 BR, 2 baths, large living room, attached garage, and sunroom
Financial Insights For Multifamily LT 5
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 | $37.0k | $13.80 |
| − Vacancy | −$411 | −$0.15 |
| EGI | $36.6k | $13.65 |
| − OpEx | −$11.0k | −$4.09 |
| NOI | $25.6k | $9.55 |
2,680 SF · lease $13.80/SF/yr · vacancy 1.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$365.7K
$320.0K – $426.7K
NOI $25,601 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,599 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$618.7K
$541.4K – $721.9K
NOI $43,312 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two ranch units with attached garages and in-unit washer/dryer offer a straightforward live-in or income setup.
Where is this duplex located?
The property is located at 823 825 Woodmere Drive Lafayette, IN.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 2‑unit ranch style brick home built in 1971 in Potter's Hollow subdivision; Unit 823: 2 BR, 1.5 baths, fireplace, screened porch, 2 separate attached garages, and storage barn; Unit 825: 2 BR, 2 baths, large living room, attached garage, and sunroom
