Listing courtesy of Elite Property Mgmt and Realty · Listing agent: Ryan Griswold

Virtual tour
ActiveDuplex

217 Perrin Avenue

$314,900

$77.11 / sq ft

Est. $2,116/mo

Lafayette, IN 47901-1560

Original price $345,000 · Price reduced on August 11, 2026

  • Basement
Bedrooms
9
Bathrooms
3
Living area
4,084 sq ft
Lot
0.22 ac
Year built
1901
Type
Duplex
Listed
July 8, 2026
MLS #
202627192

About this home

Rare opportunity to own a fully functional, income producing duplex near the historical downtown section of Lafayette Indiana. Convenient access to major roads and highways such as US52/US231, I65, SR26 and others. Being so close to downtown also puts you close to a full array of shopping and dining experiences just waiting to be had for yourself or your tenants. The duplex itself features a 5 BR 2 bath unit and a 4 BR 1 bath unit. Both sides are fully leased and have been updated within the last few years which include newer appliances in one unit. With over 4000 sq feet of living space, there is no shortage of storage in this property either.

Monthly payment estimate

$2,116/mo

Principal & interest
$1,724
Property taxes
$300
Homeowners insurance
$92
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details

Interior

Levels
Two
Stories
2
Total area
4,714 sq ft
Finished area above grade
4,084 sq ft
Unfinished area below grade
630 sq ft
Below grade total
630 sq ft
Bedrooms above grade
9
Basement
Partial, Unfinished
Flooring
Carpet, Vinyl
Heating
Natural Gas, Baseboard, Forced Air
Cooling
Wall Unit(s), Window Unit(s)
Amenities
Ceiling Fan, Fireplace, Off Street Parking, Storage, Cable Available, Deck Open, Detector-Smoke, Porch Covered

Exterior & parking

Style
Victorian
Construction
Aluminum Siding, Vinyl Siding
Roof
Asphalt, Shingle
Parking
Gravel, Off Street
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Sloped, 0-2.9999
Lot size (acres)
0.22 ac
Lot dimensions
50X191
Location type
City/Town/Suburb
County
Tippecanoe County
Township
Fairfield
Lots
54
Platted
Yes
Planned unit development
No
Directions
West on Main st, right on Perrin and the home is on the right.

Schools

Elementary school
Murdock
Middle school
Sunnyside/Tecumseh
High school
Jefferson
School district
Lafayette

Taxes & terms

Annual taxes
$3,600
Tax year
2025
Listing terms
Cash, Conventional
Possession
DOC
Parcel number
79-07-21-384-002.000-004

Included in the sale

Included in sale
Building,Land,Lease

Utilities

Water
City
Sewer
Public Sewer
Electric provider
Duke Energy Indiana
Cable / internet provider
Cinergy MetroNet,Comcast/Xfinity

Income & commercial

Units
2
Annual gross rent
$37,800
Net operating income
$33,200
Lease term
Month To Month
Parking spaces
4
Pets allowed
Yes
Tenant pays
Electricity, Heat, Water
Electric meters
2
Gas meters
1
Water meters
1
Maintenance (annual)
$1,000

Location

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