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723 S 5th Street Lafayette, IN $ 260,000
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$ 260,000 Get more info
723 S 5th Street
$ 260,000
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723 S 5th Street

Lafayette, IN, 47905
$ 260,000
Bedrooms4 Baths2.0 Sq 2,230

Monthly Estimate*

$ 1,622

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Multi-Family Home for sale in Lafayette, IN

for $260,000 with 4 bedrooms and 2 full baths. This 2,230 square foot home was built in 1920.

Welcome to 723 S 5th St in Lafayette, Indiana-an excellent duplex investment or house-hacking opportunity in a convenient south side location. Built in 1920, this well-maintained and updated property features two spacious units, each offering 2 bedrooms and 1 bathroom with functional layouts and modern updates throughout. Both sides have been cared for and improved over time, providing a truly turnkey, cash-flowing investment with minimal deferred maintenance. For owner-occupants, this property offers the ideal opportunity to live in one unit while renting the other to offset your mortgage. With strong rental demand in the area and solid construction, this duplex is a great addition to any investors portfolio or a smart entry point into multifamily ownership.This property can be purchased individually or as part of a three-property portfolio including 1029 N 7th and 1829 Greenbush. Please provide at least 24-hour notice for all showings. All square footage figures are approximate; buyer to verify.

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Multi-Family Active

Price

$ 260,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,258

Style

Duplex

Year Built

1920

Town/City

Lafayette

County/Region

Tippecanoe

MLS | Web ID

202549225
Features
General
Heating Gas Forced Air
Cooling Central Air
Sewer City
# of Buildings 1
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1920
Parking None
New Construction No
Tenant Pays Cooling Electric Fuel Heating
Subdivision None
Style One and Half Story
Stories Count 2
Township Fairfield
Class INVESTMENT
Type Duplex
Age 105
Net Income 12573.15
Rent Income 24791.78
Features Cable Ready Countertops-Laminate Water Heater Electric
REO No
Status Detail 0
Common Amenities None
Area Tippecanoe County
Location City/Town/Suburb
High School Jefferson
City Lafayette
School District Lafayette
Total Sq Ft 2230
Elementary School Thomas Miller
Middle School Sunnyside/Tecumseh
Legal Description W K ROCHESTER 3RD 35 FT NSIDE OF LOT 6
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202549225
Agent First Name Jason
Agent Last Name Conley
DOM 0
Tax Year 2025
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Interior
Basement Slab
Flooring Carpet Laminate Vinyl
Beds 4
Total Number of Units 2
Microwaves 0
Refrigerators 2
Washers 0
Dryer(s) 0
Dishwasher(s) 2
Disposal(s) 0
Above Grade Bedrooms 4
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 2
W/D Hookups 2
Basement Material Block Poured Concrete
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Exterior
Exterior Brick Vinyl
Driveway None
Pool No
Number of Parking Spaces 2
Lot Size Area 39640
Lot Dimensions 35x112
Lot Description Level
Water Meters 1
Electric Meters 2
Outbuilding None
Water Features None
Gas Meters 2
Waterfront Y/N No
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* Excluded Features
List By
Jason Conley

Listing Agent

Raeco Realty

Broker

polymathrealty@gmail.com

Email

Affordability Calculator

$1,810
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,622
Monthly Property Taxes
$188
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237225 Elementary School
1413940 Middle School
Jefferson High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/18/2025$260,000 Listed Price

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723 S 5th Street, Lafayette, IN, 47905 is a Multi-Family Home for sale at $260,000 with 2,230 sqft. 723 S 5th Street has 4 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 47905 which is in Lafayette, IN

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