This updated 3-unit property at 1421 South Street in Lafayette is a fantastic investment opportunity, ideally located just minutes from downtown Lafayette and Purdue University. Each of the three units features 1 bed and 1 bath, with a total rental income of $2,300 per month. The property has been recently renovated with new siding, roof, windows, and gutters, ensuring long-term durability and low maintenance. Its close proximity to downtown’s shops, restaurants, and entertainment, along with easy access to Purdue University, makes it a highly desirable location for tenants. With steady rental income and a prime location, this property is an excellent addition to any real estate portfolio.
Active
$244,900
1421 South St, Lafayette, IN 47905
3beds
2,232sqft
Est.:
Triplex
Built in 1910
-- sqft lot
$226,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 74 days
- on Zillow |
- 989 |
- 43 |
Zillow last checked: 7 hours ago
Listing updated: February 10, 2025 at 11:41am
Listed by:
Calvin Dykhuizen Agt:765-426-3928,
Trueblood Real Estate
Source: IRMLS,MLS#: 202504180

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Features
- Ceiling Fan(s)
- Flooring: Vinyl Tile
- Basement: Unfinished,Brick
Interior area
- Total structure area: 5,184
- Total interior livable area: 2,232 sqft
- Finished area above ground: 2,232
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Off Street, On Street, Gravel
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Fencing: None
Lot
- Size: 4,181.76 Square Feet
- Dimensions: 132 x 32
- Features: Level, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 790728126006.000004
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: City
- Water: City
- Utilities for property: Cable Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Lafayette
Financial & listing details
- Tax assessed value: $100,500
- Annual tax amount: $2,010
- Date on market: 2/10/2025
- Listing terms: Cash,Conventional
- Inclusions: Building, Lease
- Lease term: 12 Months,Month To Month
- Total actual rent: 27600
- Tenant pays: Cable TV, Cooling, Electricity, Fuel, Heating
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