Attention investors! This 3-bedroom, 2-bathroom ranch in Lafayette is a rare find with strong rental potential and endless possibilities for a flip or buy-and-hold investment. The home features a finished basement with a second kitchen, making it ideal for multi-generational living, a second rental unit, or student housing. A large 2.5-car detached garage adds extra value with space for parking, storage, or a workshop. This fixer-upper already has the major updates completed. The roof was replaced in 2023, and in 2024 the furnace, AC, water heater, electrical, and sewer line were all updated. With solid bones and the big-ticket items already done, this property is ready for cosmetic upgrades to maximize equity and cash flow. Located just 10 minutes from Purdue University, this home offers prime proximity for student rentals, short-term rentals, or long-term rentals. Lafayette is a growing Indiana market with strong demand for housing, making this an excellent opportunity for investors seeking a value-add property. Home is being sold AS-IS.
Sold
$145,000
2226 N 23rd St, Lafayette, IN 47904
3beds
1,728sqft
Residential, Single Family Residence
Built in 1948
5,227 Square Feet Lot
$149,100 Zestimate®
$84/sqft
$1,620 Estimated rent
Home value
$149,100
$134,000 - $166,000
$1,620/mo
Zestimate® history
Owner options
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$921/mo
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List your homeWhat's special
Finished basementSecond kitchen
Zillow last checked:
Listing updated:
Listed by:
Nicholas Laviolette 317-690-3370,
Compass Indiana, LLC,
Cyndi Flores
Bought with:
Non-BLC Member
MIBOR REALTOR® Association
Source: MIBOR as distributed by MLS GRID,MLS#: 22060639
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Features: Other
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 2
- Features: Other
- Level: Main
- Area: 96 Square Feet
- Dimensions: 8x12
Bedroom 3
- Features: Other
- Level: Main
- Area: 96 Square Feet
- Dimensions: 8x12
Kitchen
- Level: Main
- Area: 143 Square Feet
- Dimensions: 11x13
Living room
- Level: Main
- Area: 216 Square Feet
- Dimensions: 12x18
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Attic Access, Eat-in Kitchen
- Basement: Daylight,Finished,Full
- Attic: Access Only
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
- Finished area below ground: 864
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Fencing: Fenced,Chain Link,Full
Lot
- Size: 5,227 Square Feet
Details
- Additional structures: Storage
- Parcel number: 790716835093000004
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- Fixer
- New construction: No
- Year built: 1948
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Lafayette
Financial & listing details
- Price per square foot: $84/sqft
- Tax assessed value: $108,300
- Annual tax amount: $76
- Date on market: 9/6/2025
- Cumulative days on market: 85 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Sold | $145,000-12.1%$84/sqft |
Source:  MIBOR as distributed by MLS GRID #22060639 Report a problem | ||
| 12/1/2025 | Pending sale | $165,000$95/sqft |
Source: MIBOR as distributed by MLS GRID #22060639 Report a problem | ||
| 11/18/2025 | Price change | $165,000-5.7%$95/sqft |
Source: MIBOR as distributed by MLS GRID #22060639 Report a problem | ||
| 10/3/2025 | Price change | $175,000-7.9% |
Source:  IRMLS #202536013 Report a problem | ||
| 9/6/2025 | Listed for sale | $190,000$110/sqft |
Source: MIBOR as distributed by MLS GRID #22060639 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $76 | $108,300 +15.5% |
| 2024 | -- | $93,800 +7.2% |
| 2023 | -- | $87,500 +16.2% |
| 2022 | -- | $75,300 +13.4% |
| 2021 | -- | $66,400 |
| 2020 | -- | -- |
| 2019 | -- | $59,400 -0.7% |
| 2018 | -- | $59,800 +0.8% |
| 2017 | -- | $59,300 +2.6% |
| 2016 | -- | $57,800 -1.7% |
| 2014 | -- | $58,800 +0.9% |
| 2013 | -- | $58,300 -3.2% |
| 2012 | -- | $60,200 +3.3% |
| 2011 | -- | $58,300 -9.8% |
| 2010 | -- | $64,600 -15% |
| 2009 | -- | $76,000 +4.4% |
| 2008 | $136 -25.4% | $72,800 +0.7% |
| 2007 | $182 +48% | $72,300 +10.2% |
| 2006 | $123 -5.4% | $65,600 |
| 2005 | $130 -52.4% | $65,600 |
| 2004 | $273 +2.6% | $65,600 |
| 2003 | $266 +47.1% | $65,600 +126.2% |
| 2002 | $181 | $29,000 |
| 2001 | -- | $29,000 |
Find assessor info on the county website
Neighborhood: Saint Lawrence-McCallister
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Nearby schools
GreatSchools rating
- 7/10Vinton Elementary SchoolGrades: K-4Distance: 0.6 mi
- 4/10Lafayette Tecumseh Jr High SchoolGrades: 7-8Distance: 3 mi
- 3/10Jefferson High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Middle: Lafayette Tecumseh Jr High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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