635 North Street

Lafayette, IN 47901

$450,000
Price
7
Beds
2,676 Sq. Ft.
$168 / Sq. Ft.
2,676
Sq. Ft.
$168
per Sq. Ft.

Description

This is an exceptional investment opportunity featuring a thoughtfully maintained seven-plex situated in a highly sought-after downtown locale. This fully occupied multi-unit property comprises seven efficiency units and is ideally located within walking distance of Main Street. Nestled in historic downtown Lafayette, the building provides convenient access to local coffee shops, local restaurants, pubs, boutiques, entertainment venues, and various activities offered in greater downtown Lafayette,...This is an exceptional investment opportunity featuring a thoughtfully maintained seven-plex situated in a highly sought-after downtown locale. This fully occupied multi-unit property comprises seven efficiency units and is ideally located within walking distance of Main Street. Nestled in historic downtown Lafayette, the building provides convenient access to local coffee shops, local restaurants, pubs, boutiques, entertainment venues, and various activities offered in greater downtown Lafayette, all just steps from your door. It is particularly suitable for college students, given its proximity to the pedestrian bridge leading to Purdue University's campus, which can be reached easily by bike or a short car ride. The property currently generates a monthly gross income of $3,605. Half of the units are equipped with separate utilities, while the owner covers utilities for the remaining units. The seller is responsible for water service for the entire building. 635 North presents significant potential for increased rental income in the future. Schedule your private showing today. (Agents please refer to agent remarks for more info).
  1. Listed by Tabitha Casto • TruVant Realty

Property Details for 635 North Street

Style
Two Story
Architectural Style
Traditional
Subdivision
None
Waterfront
No
Water Features
None
Pet Restrictions
Yes
LISTING UPDATED: 01/31/2025 03:52 PM

Property Details for 635 North Street

StatusPending
MLS #202502701
Days on Market3
Taxes$3,828 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Sevenplex
Year Built1920
Lot Size0.17 AC / 7,436 SF
CountyTippecanoe County

Building Information for 635 North Street

Stories2Residences7Year Built1920Building Size-Lot Size0.17 AC / 7,436 SF

Property Information for 635 North Street

Summary
Location and General Information
  • Area: Tippecanoe County
  • City: Lafayette
  • Zip Code: 47901
  • State: IN
  • Township: Fairfield
  • Geo Latitude: 40
  • Geo Longitude: -87
  • Fips Code: 18157
  • Directions To Property: Go N on N 9th Street, turn left on north street. Property will be on the left.
  • Sea Wall Type: None
  • Location: City/Town/Suburb, Near College Campus
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2023-2024
  • Parcel Number Id: 79-07-20-477-005.000-004
School Information
  • School District: Lafayette
  • Elementary: Thomas Miller
  • Middle School: Sunnyside/Tecumseh
  • High School: Jefferson
Parking
  • Number Of Parking Spaces: 0
  • Parking: Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Sevenplex
  • Approx Lot Size Acres: 0.1707
  • Lot Dimensions: 59x126
  • Below Grade Unfin Sqft: 1338.0
  • Total Square Feet: 4014.0
  • Approx Lot Size Sqft: 7436.0
  • Above Grade Finished Sqft: 2676.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1338.0
  • Total Finished Sqft: 2676.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level, 0-2.9999
Property and Assessments
  • New Construction: No
  • Year Built: 1920
  • Age: 105
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Foyer Entry
  • Exterior: Asbestos, Other
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt, Shingle
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 7
  • Number of Refrigerators: 7
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Full Basement, Unfinished
  • Cooling: None
  • Flooring: Carpet, Laminate, Other, Vinyl
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 7
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 7
  • Total Number of Full Baths: 7
  • Total Number of Half Baths: 0
  • Total Baths: 7
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 7
  • Num of Units Rented: 7
  • Number of Units: 7
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $43,260
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $39,432
  • Annual Property Tax: $3,828
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $3,605
  • Gross Monthly Rent: $3,605
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 0
  • Unit 1-Num of Rooms: 2
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Garage: No
  • Unit 1-Laundry Room: None
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $485
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 0
  • Unit 2-Num of Rooms: 2
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Garage: No
  • Unit 2-Laundry Room: None
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $520
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 0
  • Unit 3-Num of Rooms: 2
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Garage: No
  • Unit 3-Laundry Room: None
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $620
Unit 4
  • Unit 4-Num of Bedrooms: 0
  • Unit 4-Num of Rooms: 2
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Garage: No
  • Unit 4-Laundry Room: None
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $490
Unit 5
  • Unit 5-Num of Bedrooms: 0
  • Unit 5-Num of Rooms: 2
  • Unit 5-Basement: No
  • Unit 5-Currently Rented: Yes
  • Unit 5-Garage: No
  • Unit 5-Laundry Room: None
  • Unit 5-Rent Frequency: Monthly
  • Unit 5-Unit Number: 5
  • Unit 5-Unit Rent $: $363
Unit 6
  • Unit 6-Num of Bathrooms: 1
  • Unit 6-Num of Bedrooms: 0
  • Unit 6-Num of Rooms: 2
  • Unit 6-Basement: No
  • Unit 6-Currently Rented: Yes
  • Unit 6-Garage: No
  • Unit 6-Laundry Room: None
  • Unit 6-Rent Frequency: Monthly
  • Unit 6-Unit Number: 6
  • Unit 6-Unit Rent $: $520
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Heating

Property History for 635 North Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 635 North Street

Taxable ValueLand-Additions$191,400Total-
Tax Record2023$3,828 ($319 / month)
Home Facts
Baths7Total Finished SqFt2,676 SqFtAbove Grade Finished SqFt2,676 SqFtStories1Lot Size7,436 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920Year Renovated1955CountyTIPPECANOEAPN79-07-20-477-005.000-004

Schools near 635 North Street

This home is within Lafayette School Corporation.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Thomas Miller Elementary School
PublicK to 4

Lafayette Sunnyside Middle School
Public5 to 6

Lafayette Tecumseh Jr High School
Public7 to 8

Jefferson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of TruVant Realty

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