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Parkwood Apartments 261 W Wood St 15 Unit Apartment Building $5,892,361 CAD ($392,824 CAD/Unit) West Lafayette, IN 47906
INVESTMENT HIGHLIGHTS
- Walking distance to campus
- Near ongoing redevelopment
- Redevelopment Potential
EXECUTIVE SUMMARY
The Marquis Group of KW Commercial Lafayette is pleased to present this multifamily investment opportunity located near Purdue University's West Lafayette campus. 261 W Wood Street offers a prime location for Purdue University students, featuring well-maintained apartments with a variety of floor plans and convenient amenities.
This property features a mix of (14) 2BR/2BA and (1) 1BR/1BA apartments for a total of 29 bedrooms. The Parker Apartments are located on the southeast side of Purdue's West Lafayette campus, near the College of Veterinary Medicine and less than 2 blocks from the Purdue Memorial Union as well as Krannert School of Management and Rawls Hall. Historic Chauncey Hill is also a short walk (restaurants, Target and other shopping locations).
Key Features:
Prime Location: Situated near Purdue University, making it ideal for students.
Walkable: Very walkable, allowing easy access to campus and surrounding amenities.
Close to Amenities - Near campus, dining options, and sporting events.
Off-Street Parking
On-site laundry facilities
This property features a mix of (14) 2BR/2BA and (1) 1BR/1BA apartments for a total of 29 bedrooms. The Parker Apartments are located on the southeast side of Purdue's West Lafayette campus, near the College of Veterinary Medicine and less than 2 blocks from the Purdue Memorial Union as well as Krannert School of Management and Rawls Hall. Historic Chauncey Hill is also a short walk (restaurants, Target and other shopping locations).
Key Features:
Prime Location: Situated near Purdue University, making it ideal for students.
Walkable: Very walkable, allowing easy access to campus and surrounding amenities.
Close to Amenities - Near campus, dining options, and sporting events.
Off-Street Parking
On-site laundry facilities
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,892,361 CAD | Building Class | C |
| Price Per Unit | $392,824 CAD | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 11,023 SF |
| No. Units | 15 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1990/2024 |
| Apartment Style | Low-Rise | ||
| Zoning | R3W - Residential Multi Family West Lafayette | ||
| Price | $5,892,361 CAD |
| Price Per Unit | $392,824 CAD |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 11,023 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built/Renovated | 1990/2024 |
| Zoning | R3W - Residential Multi Family West Lafayette |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Patio
- Window Coverings
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 676 |
| 2+2 | 14 | - | 955 |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 79-07-19-430-017.000-026 | Total Assessment | $2,802,421 CAD (2024) |
| Land Assessment | $2,253,845 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $548,575 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
79-07-19-430-017.000-026
Land Assessment
$2,253,845 CAD (2024)
Improvements Assessment
$548,575 CAD (2024)
Total Assessment
$2,802,421 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Parkwood Apartments | 261 W Wood St
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