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About This Home
This fully rented 5-plex on a 0.24-acre lot in Lafayette's Historic 9th Street Hill neighborhood offers steady income with $5,400 gross monthly rent. Located at 115 S 9th Street close to downtown, the three-story residential multi-family property spans 4,094 square feet with 5 bedrooms and 5 bathrooms.
Every unit has been renovated within the past 4 years, ensuring modern appeal for tenants. It features wall unit cooling, baseboard heating, a range appliance, off-street parking, and foyer entry. At $469,000, this investment stands out in a market where the average price is $391,578 and homes average 2,354 square feet. The structure provides reliable cash flow in a desirable area near city conveniences.
Fully rented 5-plex in highly desirable Historic 9th Street Hill neighborhood. Close to downtown. Earns $5,400 gross monthly rent. Every unit has been renovated within the past 4 years.
Key Features
- 0.24 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$2,326/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
115 S 9th Street
Lafayette, IN 47905
None
Features & Amenities
Exterior Features
Property Details
Flooring
Parking
Heating
Cooling
Appliances
Questions & Answers
This 5-bedroom, 5-bathroom residential multi family at 115 S 9th Street is listed at $434,900 ($106/sqft). The estimated monthly payment is $1,885 based on 20% down at 6.5% interest.
Key features include: 0.24 acre lot, 3 stories. Exterior Features: Off Street Parking, Foyer Entry, None.
This property is listed by Lynn Beckham and can be reached at 7658077177 or lynnbeckham@kw.com.
