Turnkey 4-Unit Investment Opportunity Alert! Don’t miss this beautifully updated four-unit multifamily property in the heart of Lafayette—an ideal opportunity for both investors and owner-occupants. All four units have been freshly remodeled and thoughtfully updated, offering modern finishes and low-maintenance ownership from day one. Currently, three of the four units are occupied, with the fourth unit scheduled to vacate at the end of the month, creating immediate flexibility for the next owner. Choose to house-hack by living in the open unit or lease it at top market rent to further maximize cash flow. This income-producing property also features coin-operated laundry, providing an additional revenue stream, plus a detached garage that is separately rented, further enhancing overall returns. With multiple income sources, recent updates, and built-in upside, this property checks all the boxes for a strong multifamily investment. Opportunities like this don’t last—schedule your showing today!
Closed
$375,000
224 Tinkler St, Lafayette, IN 47901
4beds
3,332sqft
Quadruplex
Built in 1915
-- sqft lot
$-- Zestimate®
$--/sqft
$1,493 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,493/mo
Zestimate® history
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$2,255/mo
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List your homeWhat's special
Modern finishesDetached garageRecent updatesCoin-operated laundryOpen unit
Zillow last checked:
Listing updated:
Listed by:
Jason Conley 765-491-9496,
Raeco Realty
Bought with:
Ellann Miranda, RB25001768
Trueblood Real Estate
Source: IRMLS,MLS#: 202600734
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Conventional, Forced Air
Cooling
- Window Unit(s)
Features
- Ceiling-9+
- Flooring: Vinyl
- Basement: Cellar,Partial,Brick
Interior area
- Total structure area: 3,795
- Total interior livable area: 3,332 sqft
- Finished area above ground: 3,332
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street, On Street, Off Street Parking
- Has uncovered spaces: Yes
Features
- Levels: Two and Half Story
- Stories: 2.5
- Patio & porch: Covered
- Fencing: None
Lot
- Size: 9,879 Square Feet
- Dimensions: 95x104
- Features: Corner Lot, City/Town/Suburb
Details
- Additional structures: Outbuilding
- Parcel number: 790721384008.000004
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding, Wood Siding
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: CenterPoint Energy
- Sewer: City
- Water: City
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: None
Location
- Region: Lafayette
Financial & listing details
- Tax assessed value: $283,000
- Annual tax amount: $3,973
- Date on market: 1/8/2026
- Listing terms: Cash,Conventional
- Inclusions: Building, Business, Land, Lease
- Lease term: 12 Months
- Tenant pays: Cable TV, Cooling, Electricity, Water
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Sold | $375,000-6% |
Source:  IRMLS #202600734 Report a problem | ||
| 2/7/2026 | Pending sale | $399,000 |
Source: IRMLS #202600734 Report a problem | ||
| 1/28/2026 | Price change | $399,000-3.9% |
Source: IRMLS #202600734 Report a problem | ||
| 1/8/2026 | Listed for sale | $415,000+267.3% |
Source: IRMLS #202600734 Report a problem | ||
| 6/15/2023 | Sold | $113,000+13.1% |
Source: IRMLS #202316305 Report a problem | ||
| 5/19/2023 | Pending sale | $99,900 |
Source: IRMLS #202316305 Report a problem | ||
| 5/18/2023 | Listed for sale | $99,900 |
Source: IRMLS #202316305 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,974 +24.8% | $283,000 +42.6% |
| 2024 | $3,183 +4.7% | $198,500 +24.9% |
| 2023 | $3,039 +15% | $158,900 +4.8% |
| 2022 | $2,643 +0% | $151,600 +15% |
| 2021 | $2,643 +4.2% | $131,800 |
| 2020 | $2,536 +1% | -- |
| 2019 | $2,510 +2.7% | $126,400 +1% |
| 2018 | $2,443 +1.1% | $125,100 +2.7% |
| 2017 | $2,417 | $121,800 +1% |
| 2016 | $2,417 +3.8% | $120,580 +5.6% |
| 2014 | $2,330 +9% | $114,200 +6.8% |
| 2013 | $2,138 | $106,900 -8.2% |
| 2012 | -- | $116,500 +452.1% |
| 2011 | -- | $21,100 -78.9% |
| 2010 | -- | $99,900 +8.9% |
| 2009 | $3,668 | $91,700 |
Find assessor info on the county website
Neighborhood: Perrin
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Nearby schools
GreatSchools rating
- 6/10Murdock Elementary SchoolGrades: K-4Distance: 0.4 mi
- 4/10Lafayette Tecumseh Jr High SchoolGrades: 7-8Distance: 1.6 mi
- 3/10Jefferson High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Murdock
- 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
- Perrin
- 224 Tinkler St
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