501 Elston Road
Description
- Listed by: Gregory Small • RE/MAX Ability Plus
Recent comparable sales
Median sold price
$200,000
Avg days on market
12
Sale-to-list ratio
95.6%
Lafayette, IN
9 comparable properties found
$589,500
Sold 11/07/25
- 10
- Bedrooms
- 6
- Bathrooms
- 5,176
- Square Feet
- 0.88
- Acres
$142,500
Sold 02/20/26
- 10
- Bedrooms
- 5
- Bathrooms
- 3,750
- Square Feet
- 0.15
- Acres
$210,000
Sold 03/24/26
- 8
- Bedrooms
- 8
- Bathrooms
- 4,200
- Square Feet
- Unavailable
- Acres
$180,000
Sold 05/01/26
- 8
- Bedrooms
- 8
- Bathrooms
- 4,200
- Square Feet
- 6.47
- Acres
$1,306,500
Sold 06/03/25
- 6
- Bedrooms
- 6
- Bathrooms
- 4,459
- Square Feet
- 0.7
- Acres
$1,276,798
Sold 07/16/25
- 6
- Bedrooms
- 5
- Bathrooms
- 5,253
- Square Feet
- 0.49
- Acres
Location
Sold By RE/MAX Ability Plus
$1,171 per month
30 year fixed, 7.03% Interest
$894
$276
$0
1Property Information for 501 Elston Road
Property Details
- Taxes: $3,316 / year
- MLS Type: Multi Family / Apartment Building
- County: Tippecanoe County
- Style: Two Story
- Subdivision: None
- Waterfront: No
- Water Features: None
- Pet Restrictions: No
Building Information
- Building/Complex: 501 Elston Rd
- Stories: 2
- Residences: 6
- Year Built: 1876
Summary
- Area: Tippecanoe County
- City: Lafayette
- Zip Code: 47909
- State: IN
- Township: Wea
- Fips Code: 18157
- Directions To Property: S SR 25 to Elston Rd
- Location: City/Town/Suburb
- Assoc Dues Frequency: Not Applicable
- Year Taxes Payable: 2016
- Parcel Number Id: 79-07-31-326-002.000-005
- School District: Tippecanoe School Corp.
- Elementary: Mayflower Mill
- Middle School: Southwestern
- High School: Mc Cutcheon
- Number Of Parking Spaces: 12
- Parking: Gravel, Private
- Unbranded Virtual Tour: http://www.propertypanorama.com/instaview/irmls/201629168
Property
- Class: INVESTMENT
- Property Subtype: Apartment Building
- Approx Lot Size Acres: 0.42
- Lot Dimensions: 117x108
- Below Grade Unfin Sqft: 1556.0
- Total Square Feet: 6224.0
- Approx Lot Size Sqft: 18295.0
- Above Grade Finished Sqft: 4668.0
- Below Grade Finished Sqft: 0.0
- Total Below Grade Sqft: 1556.0
- Total Finished Sqft: 4668.0
- Above Grade Unfin Sqft: 0.0
- Lot Description: Level
- Outbuilding Length: 22.0
- Outbuilding Sqft: 396
- Outbuilding Width: 18.0
- New Construction: No
- Year Built: 1876
- Age: 141
- Documents Available: Lease, Legal Description, Utility Bill Information
- Planned Unit Development: No
- Energy Efficient: Windows
- Exemptions: No Exemptions
- Sewer: City
- Water Utility: Well
Interior and Exterior Features
- Amenities: Basement, Ceiling Fan, Cable Ready, Countertops-Laminate, Detector-Smoke, Water Heater Gas, Water Softener-Owned
- Exterior: Brick
- Outbuilding: 2nd Detached Garage
- Platted: Yes
- Pool: No
- Roof Material: Rubber
- Number of Electric Meters: 6
- Number of Gas Meters: 2
- Number of Dishwashers: 0
- Number of Disposals: 1
- Number of Dryers: 0
- Number of Microwaves: 1
- Number of Ranges/Ovens: 6
- Number of Refrigerators: 6
- Number of W/D Hookups: 0
- Number of Washers: 0
- Number Water Meters: 0
- Basement Material: Brick
- Basement: Yes
- Basement/Foundation: Partial Basement, Outside Entrance Only, Unfinished, Outside Entrance
- Cooling: None
- Flooring: Carpet, Vinyl Tile
- Heating/Fuel: Gas, Baseboard, Hot Water, Radiator
- HVAC: Ceiling Fan
- Stories: 2
- Number of Above Grade Bedrooms: 9
- Number of Below Grade Baths: 0
- Number of Below Grade Bedrooms: 0
- Total Number of Bedrooms: 9
- Total Number of Full Baths: 6
- Total Number of Half Baths: 0
- Total Baths: 6
- Number Total Rooms Below Grade: 2
- Num Of 1 Bedrooms: 3
- Num Of 2 Bedrooms: 3
- Num Of 3 Bedrooms: 0
- Num Of 4 Bedrooms: 0
Multi Family
- Num of Efficiencies: 6
- Num of Units Rented: 5
- Number of Buildings: 2
- Number of Units: 6
- Annual Electric Expense: $.00
- Annual Fuel Expense: $2,497.00
- Annual Gross Rent $: $33,924
- Annual Insurance Expense: $1,858
- Annual Maint. Expense: $650
- Annual Misc: $650
- Annual Net Income: $24,145
- Annual Property Tax: $3,316
- Annual Trash Expense: $0
- Annual Water/Sewer Exp: $808
- Gross Monthly Income: $2,827
- Gross Monthly Rent: $2,827
Unit Information
- Unit 1-Num of Bathrooms: 1
- Unit 1-Num of Bedrooms: 1
- Unit 1-Num of Rooms: 4
- Unit 1-Basement: Yes
- Unit 1-Currently Rented: Yes
- Unit 1-Deposit Amount: $410.00
- Unit 1-Laundry Room: None
- Unit 1-Level: Main
- Unit 1-Unit Number: 1
- Unit 1-Unit Rent $: $415
- Unit 2-Num of Bathrooms: 1
- Unit 2-Num of Bedrooms: 2
- Unit 2-Num of Rooms: 4
- Unit 2-Basement: Yes
- Unit 2-Currently Rented: Yes
- Unit 2-Deposit Amount: $555.00
- Unit 2-Laundry Room: None
- Unit 2-Level: Main
- Unit 2-Unit Number: 2
- Unit 2-Unit Rent $: $565
- Unit 3-Num of Bathrooms: 1
- Unit 3-Num of Bedrooms: 1
- Unit 3-Num of Rooms: 4
- Unit 3-Basement: Yes
- Unit 3-Currently Rented: Yes
- Unit 3-Deposit Amount: $410.00
- Unit 3-Laundry Room: None
- Unit 3-Level: Main
- Unit 3-Unit Number: 3
- Unit 3-Unit Rent $: $422
- Unit 4-Num of Bathrooms: 1
- Unit 4-Num of Bedrooms: 1
- Unit 4-Num of Rooms: 5
- Unit 4-Currently Rented: No
- Unit 4-Deposit Amount: $415.00
- Unit 4-Laundry Room: None
- Unit 4-Level: Upper
- Unit 4-Unit Number: 4
- Unit 4-Unit Rent $: $420
- Unit 5-Num of Bathrooms: 1
- Unit 5-Num of Bedrooms: 2
- Unit 5-Num of Rooms: 5
- Unit 5-Currently Rented: Yes
- Unit 5-Deposit Amount: $575.00
- Unit 5-Garage/Num of Cars: 1
- Unit 5-Laundry Room: None
- Unit 5-Level: Upper
- Unit 5-Unit Number: 5
- Unit 5-Unit Rent $: $585
- Unit 6-Num of Bathrooms: 1
- Unit 6-Num of Bedrooms: 2
- Unit 6-Num of Rooms: 5
- Unit 6-Currently Rented: Yes
- Unit 6-Laundry Room: None
- Unit 6-Level: Upper
- Unit 6-Unit Number: 6
- Unit 6-Unit Rent $: $420
- Unit 6-Deposit Amount: $410
Rental
- Enrgy Efficient Win/Doors: Double Pane Windows, Insulated Glass Windows
- Lease Term: 1 Year
- Owner Pays: Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Water, Water Softener
- Tenant Pays: Electric
Property History for 501 Elston Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| May 1, 2017 | Sold (Public Record) Public Record #593603748 | $167,500 | — |
| May 1, 2017 | Sold Indiana Regional MLS #201629168 | $167,500 | — |
| Mar 1, 2017 | Pending Indiana Regional MLS #201629168 | — | |
| Jun 24, 2016 | Listed (Active) Indiana Regional MLS #201629168 | $191,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 05/01/2017 | Sold (Public Record) Public Record #593603748 | $167,500 |
| 05/01/2017 | Sold Indiana Regional MLS #201629168 | $167,500 |
| 03/01/2017 | Pending Indiana Regional MLS #201629168 | — |
| 06/24/2016 | Listed (Active) Indiana Regional MLS #201629168 | $191,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 501 Elston Road
Taxable Value
Land
$48,900Additions
$220,800Tax Record
2025
$9,569 ($797 / month)Home Facts
Baths
6Total Finished SqFt
4,668 SqFtAbove Grade Finished SqFt
4,668 SqFtStories
2Lot Size
18,295 SqFtStyle
Multi-Family Dwelling (2-4)Year Built
1876Year Renovated
1952Zoning
GBCounty
TIPPECANOEAPN
79-07-31-326-002.000-005Schools near 501 Elston Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 5 to 12 |
Rating | School | Distance |
|---|---|---|
Wea Ridge Elementary School PublicK to 5 | ||
Wea Ridge Middle School Public6 to 8 | ||
McCutcheon High School Public9 to 12 | ||
Greater Lafayette Career Academy Public5 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
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$80,000
- Unavailable
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- 0.5
- Bathrooms
- Unavailable
- Square Feet
- 0.82
- Acres
$250,000
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- 1,200
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Nearby home values
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 501 Elston Road, Lafayette, IN 47909 | $167,500 | 9 | 6 | 4,668 | 18,295 |
– | – | 1 | 2,038 | 32,670 | |
– | – | 1 | 1,590 | 12,763 | |
$159,900 | 2 | 1 | 940 | 7,579 | |
– | – | – | 8,448 | 17,206 | |
$410,000 | 3 | 2 | 2,659 | 116,175 | |
$147,000 | 4 | 2 | 2,514 | 46,174 | |
$310,000 | 4 | 4 | 2,972 | 13,983 | |
$320,000 | 4 | 2 | 2,408 | 43,124 | |
$184,900 | 3 | 1 | 1,382 | 141,570 | |
– | – | 2 | 1,176 | 58,065 | |
$1,110,000 | – | – | 28,470 | 101,277 | |
– | – | – | 8,426 | 41,600 | |
$215,000 | – | 1 | 1,496 | 25,700 | |
– | – | 3 | 1,571 | 23,522 | |
$180,000 | 3 | 2 | 1,100 | 39,335 |
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Listing Courtesy of RE/MAX Ability Plus
Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.