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 Market48
Property Features for 823 825 Woodmere Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 2
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 4
- 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 7
Last Checked: Jul 26 at 9:06AM
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
