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.
Closed
$230,000
1421 South St, Lafayette, IN 47901
3beds
2,232sqft
Triplex
Built in 1910
-- sqft lot
$242,700 Zestimate®
$--/sqft
$1,210 Estimated rent
Home value
$242,700
$216,000 - $274,000
$1,210/mo
Zestimate® history
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$1,460/mo
Est. payment
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$1,460/mo
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Zillow last checked:
Listing updated:
Listed by:
Calvin Dykhuizen Agt:765-426-3928,
Trueblood Real Estate
Bought with:
Fransisco Salazar, RB14051347
Maitlen Realty
Source: IRMLS,MLS#: 202504180
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: 3,696
- Total interior livable area: 2,232 sqft
- Finished area above ground: 2,232
- Finished area below ground: 0
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 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
- Annual tax amount: $2,010
- Date on market: 2/10/2025
- Listing terms: Cash,Conventional
- Inclusions: Building, Lease
- Lease term: Month To Month,12 Months
- Total actual rent: 27600
- Tenant pays: Cable TV, Cooling, Electricity, Fuel, Heating
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2025 | Sold | $230,000-6.1% |
Source:  IRMLS #202504180 Report a problem | ||
| 5/30/2025 | Pending sale | $244,900 |
Source: IRMLS #202504180 Report a problem | ||
| 2/10/2025 | Listed for sale | $244,900+29.6% |
Source: IRMLS #202504180 Report a problem | ||
| 4/18/2023 | Sold | $189,000-0.5% |
Source: IRMLS #202307764 Report a problem | ||
| 3/21/2023 | Pending sale | $189,900 |
Source: IRMLS #202307772 Report a problem | ||
| 3/17/2023 | Listed for sale | $189,900 |
Source: IRMLS #202307764 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Center
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Nearby schools
GreatSchools rating
- 3/10Lafayette Sunnyside Middle SchoolGrades: 5-6Distance: 0.7 mi
- 4/10Lafayette Tecumseh Jr High SchoolGrades: 7-8Distance: 1.5 mi
- 3/10Jefferson High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Thomas Miller
- Middle: Sunnyside/Tecumseh
- High: Jefferson
- District: Lafayette
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Tippecanoe County
- Lafayette
- 47901
- Center
- 1421 South St
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