Great investment opportunity for 2 building/8 unit complex across from Dayton Elementary School. Each building has is 3200 SF w/ 4 units. Units 1, 4,5 & 8 are 1BR, 1BA with eat in kitchen, ceramic tile, and fridge, microwave & oven. Units 2 & 3 are 2BR, 1.5 BA with same amenities. One acre lot has ample parking including 22 spaces. Owner currently pays water, sewer, trash, snow removal, lawn maintenance and building maintenance. All electric, paid by each tenant with their own meter. Rents range from $500-$600/month per unit and gross $4400/month when 100% rented. Reliable tenants. All new windows upstairs, new roof. TSC schools. Close to I-65 & Subaru. Only one unit vacant.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
1967
Sq. Ft.
3,200
Year built
1967
Style
Multi-Family (5+ Unit)
County
Tippecanoe County
APN
791204353008000013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
R1U
Single-Family Residential Zone
To preserve and protect older developed parts of the community by providing areas for medium and relatively high density single-family dwellings on older platted lots in urbanized sewered areas of the cities, incorporated towns, and unincorporated towns with sewer
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Other
Natural gas storage & conveyance
Educational/school
Communications tower
Cemetery
Park & open space
Property details
Parking
Parking/Garage Information
# of Open Parking Spaces: 22
Parking Features: Parking Lot
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 8
# of Half Bathrooms: 4
# of Main Level Bathrooms: 12
Heating & Cooling
Has Cooling
Cooling: Window Unit(s), Wall Unit(s)
Has Heating
Heating: Electric, Forced Air
Interior Features
Interior Features: Eat-in Kitchen
Appliances: Microwave, Range, Refrigerator
Flooring: Carpet, Ceramic Tile, Tile
Room Information
Laundry Features: Washer Hookup
Exterior
Exterior Features
Patio And Porch Features: Porch
Building Information
Above Grade Finished Area: 6,400
# of Stories Total: 2
Construction Materials: Brick, Vinyl Siding, Wood Siding
Property Features
Pets Allowed: Breed Restrictions
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Eightplex
Lot Information
Lot Features: Level
Lot Size Dimensions: Irregular
Lot Size Acres: 1
Financial
Tax Information
Tax Annual Amount: $3,394.72
Utilities
Utility Information
Water Source: Public
Utilities: Cable Available
Sewer: Public Sewer
Location
Schools Information
School District: Tippecanoe School Corp.
Elementary School: Dayton
Middle Or Junior School: Wainwright
High School: Mc Cutcheon
Location Information
Directions: Off Hwy 38/Walnut St, go east on 38 about .6 miles to Dayton Rd. Turn north on Dayton Rd for about .2 miles. Complex on left. Across from Dayton Elementary.
Subdivision Name: None
Cross Street: Walnut St
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,200
Stories: 2.0
Lot Size: 1 acres
Style: Multi-Family (5+ Unit)
Year Built: 1967
Year Renovated: 1967
County: Tippecanoe County
APN: 791204353008000013
Home facts updated by county records on Jul 10, 2026
Other
Listing Information
List AOR: Lafayette Board of REALTORS
AttributionContact: cathy@russellteam.com
Around this home
Schools
Dayton Elementary School
Public K-5 • Assigned • 0.2mi
7/10
Wainwright Middle School
Public 6-8 • Assigned • 4.4mi
8/10
McCutcheon High School
Public 9-12 • Assigned • 7.6mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Dayton, IN • 47941
Average low and high temperatures (°F)
31
16
41
24
59
38
67
46
72
52
83
65
87
69
82
63
81
57
71
47
53
37
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.