Listing courtesy of @properties · Listing agent: Cathy Russell

Virtual tour
PendingDuplex

637 Park Avenue

$245,000

$166.55 / sq ft

Lafayette, IN 47904-3380Belt RY

Original price $259,900 · Price reduced on July 7, 2026

  • Basement
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Bedrooms
4
Bathrooms
2
Living area
1,471 sq ft
Lot
0.08 ac
Year built
1901
Type
Duplex
Listed
May 8, 2026
MLS #
202617200

About this home

This two-unit rental property in Lafayette offers a solid investment opportunity. Each unit features 2 bedrooms and 1 full bath, with washer/dryer hookups in one unit. Tenants already in place through June 2027, at $1,050 per month per unit, providing immediate rental income. Schedule a showing today to explore the potential of this income-producing property.

Property details

Interior

Levels
Two
Stories
2
Total area
2,149 sq ft
Finished area above grade
1,471 sq ft
Unfinished area below grade
678 sq ft
Below grade total
678 sq ft
Bedrooms above grade
4
Basement
Unfinished
Flooring
Carpet, Vinyl
Heating
Natural Gas, Forced Air
Amenities
Basement, Countertops-Laminate

Exterior & parking

Construction
Vinyl Siding
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Subdivision
Belt RY
Lot features
Corner Lot, 0-2.9999
Lot size (acres)
0.08 ac
Lot dimensions
45X80
Inside city limits
Yes
County
Tippecanoe County
Township
Fairfield
Lots
10
Platted
Yes
Planned unit development
No
Directions
From Main St & Sagamore Pkwy S- Head NW toward McCarty Ln on Main St. Turn R onto Kossuth St. Destination is on the L, on the corner of Kossuth and Park.

Schools

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

Taxes & terms

Annual taxes
$2,300
Tax year
2025
Assessed value
$114,900
Listing terms
Cash, Conventional
Possession
DOC
Parcel number
79-07-28-279-022.000-004

Included in the sale

Included in sale
Building,Land,Lease

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Units
2
Annual gross rent
$25,200
Net operating income
$20,234
Lease term
12 Months
Parking spaces
2
Pets allowed
No
Tenant pays
Cable TV, Deposit
Insurance (annual)
$1,300
Water & sewer (annual)
$665
Electric (annual)
$701

Location

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$245,000

4 beds · 2 baths