West Lafayette Multifamily for Sale - Downtown West Lafayette

Sweet Home Realty is proud to present Waterford Place, located at 400 S Grant Street, a rare true on-campus student housing investment situated within Purdue University. Purpose-built, the property is optimized for student housing and has an ideal layout for a by-the-bedroom leasing strategy. Waterford Place is a three-story multifamily apartment complex with 22 units, 21 configured as two (2) bedrooms and one (1) bath, and one studio, totaling 43 bedrooms. Additional value-add potential exists through currently underutilized space, offering the ability to develop up to two additional units. Situated within the south-central portion of Purdue University’s West Lafayette campus along S Grant Street, the property is within walking distance of many academic buildings, dining halls, libraries, the Mitchell E. Daniels Jr. School of Business (Rawls Hall), and the Purdue Memorial Union, reinforcing a true on-campus living experience. Extremely high demand for these units is driven by certainty, proximity, and the limited supply of Purdue student housing. There is consistent leasing velocity at Waterford Place, resulting in little to no vacancy and supported by ongoing enrollment, making this a durable, recession-resistant, and stabilized student housing asset with a more predictable cash flow. Delivering a rare combination of true on-campus living, consistent leasing velocity, and growing enrollment, Waterford Place offers a durable, recession-resistant asset with predictable cash flow and supports long-term income stability.

Property Subtype:

Apartment

Date on Market:

2026-04-08

West Lafayette Multifamily for Sale - Downtown West Lafayette

The Marquis Group with KW Commercial Lafayette is pleased to present this prime student housing opportunity master leased to Purdue University. Benchmark II Apartments are located on the southeast side of Purdue's West Lafayette campus, about one block away from the College of Veterinary Medicine and approximately four blocks from the Purdue Memorial Union as well as Krannert School of Management and Rawls Hall. Chauncey Hill Mall 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 building is master leased to Purdue University for the current year and the next 2 school years with 5% annual increases. Benchmark II offers 144 Beds: (34) 4BR/1.5BA; (2) 4BR/2BA)with either a balcony or patio. 440 S Grant St, West Lafayette, IN 47906 447 S Chauncey Avenue, West Lafayette, IN 47906 Benchmark III offers 38 Beds: (9) 4BR/2.5BA and (1) 2BR/1.5BA townhome style living 421-439 S Chauncey Avenue, West Lafayette, IN 47906

Property Subtype:

Apartment

Date on Market:

2026-04-15

Evansville Land for Sale - Eastside

Prime University of Evansville Student Housing Development Opportunity An exceptional student housing development opportunity is available at 14 & 18 South Weinbach Avenue and 17 South Lincoln Park Drive in Evansville, Indiana, located directly adjacent to the University of Evansville campus and just south of the Lloyd Expressway. The assembled site offers outstanding visibility and accessibility with frontage on Weinbach Avenue and Lincoln Park Drive, providing an ideal location for purpose-built student housing. Preliminary planning envisions a modern multi-story townhouse-style student apartment community designed to maximize density and deliver premium student living with private garages, contemporary finishes, and walkable access to campus. Demand for quality off-campus housing near UE remains strong, and this rare assemblage of parcels presents a compelling opportunity for developers and investment partners seeking a high-demand student housing asset in a constrained supply market. The site’s proximity to campus, surrounding retail, and major transportation corridors positions the project for strong lease-up potential and long-term investment performance.

Property Subtype:

Residential

Date on Market:

2026-01-13

West Lafayette Multifamily for Sale - Downtown West Lafayette

The Marquis Group of KW Commercial Lafayette is pleased to present this multifamily investment opportunity located near Purdue University's West Lafayette campus. 421-439 S Chauncey Avenue 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 (9) 4BR/2.5BA and (1) 2BR/1.5BA apartments for a total of 38 bedrooms. Benchmark III Apartments are located on the southeast side of Purdue's West Lafayette campus, near the College of Veterinary Medicine and approximately four blocks from the Purdue Memorial Union as well as Krannert School of Management and Rawls Hall. 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 building is master leased to Purdue University for the current year and the next 2 school years with 5% annual increases.

Property Subtype:

Apartment

Date on Market:

2025-12-18

Muncie Retail for Sale - Muncie/Delaware County

Prime location less than 100 feet from Ball State University's main entrance. Features include national tenant Jimmy Johns long term lease with increases through 2036, large upstairs 3BR 2BA luxury student housing apartment leased through July 22 2027. Included in the sale is partial ownership of parking lot behind property. Surrounded by Ball State University's $450M+ revitalization program including a new theatre (1 block), Center for Innovation and Collaboration (next door), 17 new attached townhomes (1 block) and additional student housing developments (next to theatre). Adjacent corner property (1612-1624 W University Ave.) including 5 retail spaces with national tenants including Insomnia Cookies and Wild Side Smoke Shop can be purchased for an additional $2.1M. I am the owner, I am not a realtor and I have no partners. Serious inquiries only.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-11-20

West Lafayette Land for Sale - Downtown West Lafayette

Make an Offer! Owner will consider all offers, best offer accepted! PRIME REDEVELOPMENT OPPORTUNITY ON THE MOST VISIBLE AND BUSY CORNER NEAR PURDUE UNIVERSITY'S CAMPUS. EXISTING BUILDING CAN BE DEMOLISHED TO CONVERT THE LAND TO HIGHEST AND BEST USE OR UTILIZED AS AN OFFICE. NO LOTS ARE REMAINING IN THIS AREA RIGHT AT THE HEART OF THE BEST LOCATION ON THE CAMPUS ITSELF!

Property Subtype:

Commercial

Date on Market:

2025-04-02

Richmond Multifamily for Sale

Property Subtype:

Apartment

Date on Market:

2025-11-25

Kokomo Portfolio of properties for Sale

?? Exclusive Kokomo Portfolio: 1135 N Bell St, 1115 N Bell St, & 1116 E Taylor St, Kokomo, IN 46901 3 Turnkey SFRs w/ Duplex/Triplex/ADU Conversion Explosive Upside | 11 Bed / 4 Bath Total (Scalable to 14+ Bed / 6+ Bath) ?? Property Snapshot Type: 3 Single-Family Homes (Prime for Multi-Family/ADU Transformations – Multiple Entrances, Levels, & Separate Structures) Sqft: ~4,880 Total (1135: 1,784 w/ 4BR/1BA, Two Beds Up/Down; 1115: 1,596 w/ 4BR/2BA, Multi-Level Layout; 1116: 1,000-1,100 + Basement Room & 400sqft ADU w/ 3BR/1BA Main + Potential 2/1 ADU) Lot Size: ~14,811 sqft Total (0.34 acres – Ample for Parking/Expansions; Corner Lots at 1135/1115 Boost Visibility) Years Built: 1900 (1135/1115), 1945 (1116) Condition: High-End Near-Turnkey Remodels (95%+ Complete on 1135/1116; 85% on 1115) – All Feature New Roofs, HVAC (Central AC/Furnace; Electric Swap at 1115), Plumbing/Electrical, LVP/Carpet Flooring, White Shaker Cabinets, Remodeled Kitchens/Baths (Lighted Mirrors, Vanities, Showers), Fresh Paint, New Doors/Fixtures/Fans, Newer Windows, Water Heaters, Laundry Hookups; Minor Punch-Outs (Finishes, Vandalism Repairs, Meter Installs – Turnkey in Days/Week) Visual Overviews: 1135 – Charming 2-Story Corner Home w/ White Siding/Black Roof, Bright Interiors w/ LVP Main, Carpet Beds, Arched Doorways, Attic-Style Upstairs; 1115 – Spacious 2-Story White Exterior w/ Porch, Modern LVP/Carpet Mix, Multiple Bedrooms w/ Fans, Tiled Baths; 1116 – Compact Ranch w/ Beige Siding, LVP Throughout, Carpet Beds, Open ADU Shell in Back w/ 2-3 Car Garage/Driveway Occupancy: Vacant – Immediate Access for Inspections/Leasing/Conversions; Clean Titles, Motivated Seller for Fast Close Gross Rents: N/A (Vacant – Prime for Instant Cash Flow; Projected $5,000–$6,500/mo LTR as SFRs; $7,000–$9,500/mo w/ Full Conversions/Optimizations) ?? Valuation & ARV Range ARV Estimate (Current SFRs): $510K–$590K (1135: $180K–$200K; 1115: $180K–$200K; 1116: $150K–$190K) ARV Estimate (w/ Duplexes/Finished ADU): $620K–$740K+ (20–30% Uplift via Conversions – 1135/1115 to Duplexes; 1116 ADU to 2/1) Top Comps (Highest Renovated 3-4 Bed/MF in 46901, Last 12 Mo): $309K (4/3, 3,696sqft Oct '25), $269K (4/2, 1,560sqft Jul '25), $252K (4/2, 2,549sqft Apr '25), $250K (4/2.5, 1,872sqft Mar '25), $199K (3/1.5, 1,352sqft) – Premiums for Updated/MF Assets; Kokomo Median $149K–$162K Rising 5–7% YoY in 46901 w/ Gentrification Push ?? DSCR Loan Analysis (Estimate) Gross Income (SFR LTR): $5,000/mo = $60,000/yr Gross Income (w/ Conversions/Optimizations): $8,000/mo = $96,000/yr Est. Expenses (30-35%): $18,000–$33,600/yr (Taxes ~$3,000 Total Assessed, Ins/Maint/Vacancy) NOI (SFR): ~$42,000/yr | NOI (Optimized): ~$67,200/yr Est. DSCR: 1.40–1.60 (SFR) / 1.75–2.00+ (Optimized) Based on 20–25% Down, 7.25–7.5% Rate, 30-Yr Amort. – Strong Qualification Above 1.25 Min; Passive Investor Dream w/ Scale ?? Investor Highlights ? Cash Flow Day 1: Lease as SFRs for $5,000–$6,500/mo (Section 8/VASH/Rapid Rehousing Eligible – Howard County Vouchers Up to $1,100–$1,400/Unit; Tenants Pay Utilities for 10–15% NOI Boost) – Rare Vacant Portfolio for Immediate Custom Leasing ? Max Rent Potential: SFR Market Rents $4,500–$5,500/mo (Under-Market Upside via Annual 3–5% Hikes); Duplex Conversions (1135/1115: Add Baths/Kitchens/Metering ~$15–$30K/Prop) Push $6,000–$8,000/mo (4x 2/1 Units at $900–$1,200/ea); Finish 1116 ADU (~$15–$20K w/ Mini-Split/Kitchenette) Adds $800–$1,000/mo – Total Portfolio $7,000–$9,500/mo w/ Optimizations ? Rent-by-Room Optimization: Convert to 11–14 Rooms ($500–$700/Room/mo = $5,500–$9,800/mo Total) – Add Kitchenettes/Privacy Locks/Storage (~$10–$20K/Prop); High Demand for Affordable Shared Housing Near Colleges/Employers; Sober Living/Halfway House Setup ($8,000–$12,000/mo Portfolio – 10–12 Beds at $700–$1,000/ea; Certify for Subsidies like Howard County Programs) ? Airbnb/STR Max: $300–$450/Night Total (55–65% Occ. ~$7,200–$10,400/mo Gross; Dynamic Pricing for Events like Kokomo Speedway Races/Festivals; Multi-Unit Layouts Ideal for Groups/Families – 1116 ADU as Separate Guest Suite Boosts Bookings 20–30%) ? Value-Add Opportunities: MF Conversions (Multiple Entrances/Levels Visible in Photos – Zoning Allows w/ Special Exceptions; ~$50–$80K Total for Walls/Baths/Kitchens/Metering – 25–35% ARV/Rent Lift); ADU Finish at 1116 (Open Shell to 2/1); Add Egress Windows/Baths for Legal Beds (Upscale to 14+ Beds); Cosmetic Upgrades (Laundry Units, Parking Spots, Storage Lockers – Add $200–$400/mo/Prop); Utility Bill-Backs/Paid Parking; Garage Conversions (1116 2-3 Car to Income Units); BRRRR for 60–70% Equity Pull; Utility/Tech Upgrades (Solar/Smart Locks for Efficiency) ? Nearby Demand Drivers: IU Kokomo/Ivy Tech (1–2 mi – Student/Group Rentals); Community Howard Regional Health/Ascension St. Vincent (1–2 mi – Medical/Corporate Housing); Chrysler/FCA Plant (Major Employer – Workforce Demand); Seiberling Mansion/Parks/Entertainment Districts; Kokomo Speedway/Stadiums; Transit Lines; Redevelopment Zones in 46901 Driving Gentrification/Rent Growth – FOMO Alert: This Portfolio Sits in a High-Upside Pocket Poised for 15–20% Annual Appreciation! ?? Looking for More Off-Market Inventory? ?? Single-Family Rentals ?? Duplexes, Triplexes, & Quads ?? Turnkey Cash Flow Properties ?? Light-to-Heavy Rehab Projects ?? Creative Financing & Seller Carry Deals ?? Browse full inventory at: www.reioffer.net ?? Contact Jamie Franklin | Acquire JDF Corp | 317-610-9834

Property Subtype:

Multi Family

Date on Market:

2026-01-15

Muncie Land for Sale - Muncie/Delaware County

Closest McGalliard lots to Ball State. This property has great visibility when traveling East or West on McGalliard Road. Possible development parcel into various uses. Adjoins the Ball State Athletic Fields on the east side. Add'l 3 parcel ID's: 181105251002000003; 181105251001000003; 181105251006000003.

Property Subtype:

Commercial

Date on Market:

2019-06-13

Indianapolis Multifamily for Sale - Edgewood/South County

Portfolio of student housing for the University of Indianapolis. Includes 20 doors, with 47 total bedrooms.

Property Subtype:

Apartment

Date on Market:

2024-04-25

Indianapolis Portfolio of properties for Sale - Uptown

A privately held and 100% leased student housing portfolio comprised of individual homes totaling 90 units and 399 beds. Nestled in the heart of Butler-Tarkington, Indianapolis, this exclusive investment opportunity is adjacent to the prestigious Butler University campus, making it an ideal choice for investors seeking stable returns and long-term growth.

Property Subtype:

Multi Family

Date on Market:

2024-01-02