Last Sold Price
9 beds4,668 sqft$36/sqft
501 Elston Rd, Lafayette, IN 47909

Description

Solid brick construction, 6 unit Gross Rent $2,827/month. Complete interior remodel with updates 1987, zoned GB. All units rented. All units rented #5 2 br $585, #6 2 br $420Solid brick construction, 6 unit Gross Rent $2,827/month. Complete interior remodel with updates 1987, zoned GB. All units rented. All units rented #5 2 br $585, #6 2 br $420
LISTING CLOSED: 05/01/2017 12:00 AM

  1. Listed by Gregory Small • RE/MAX Ability Plus

Property Details for 501 Elston Road

Status
MLS #
201629168
Days on Market
243
Pet Policy
-
Taxes
$3,316 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family / Apartment Building
Year Built
1876
Style
Two Story
Subdivision
None
Waterfront
No
Water Features
None
Pet Restrictions
No

Recent comparable sales

Median sold price

$200,000

Avg days on market

21

Sale-to-list ratio

94.3%

Lafayette, IN

9 comparable properties found

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Square Feet
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Acres
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3,750
Square Feet
0.15
Acres
$450,000 | 405 Lingle Avenue, Lafayette, IN 47901
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Square Feet
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Acres
$210,000 | 201 High Meadows Boulevard, Unit 209212, Lafayette, LA 70507
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Square Feet
Unavailable
Acres
$180,000 | 201 High Meadows Boulevard, Unit 161, Lafayette, LA 70507
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Square Feet
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Acres
$1,306,500 | 4580 Topsail Trace, Lafayette, IN 47909
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Square Feet
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Acres
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Sold 08/19/25

Unavailable
Bedrooms
Unavailable
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Square Feet
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Sold 01/31/25

Unavailable
Bedrooms
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Bathrooms
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Square Feet
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Sold 12/31/25

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Location

Listing Courtesy of RE/MAX Ability Plus

Sold By RE/MAX Ability Plus

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Building Information for 501 Elston Road

Building/Complex501 Elston RdFloor-Stories2Residences6Pet Policy-Pet Policy Details-Year Built1876Building Size-

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Principal and Interest

$851

Property Taxes

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HOA Dues

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Property Information for 501 Elston Road

Summary
Location and General Information
  • 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
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2016
  • Parcel Number Id: 79-07-31-326-002.000-005
School Information
  • School District: Tippecanoe School Corp.
  • Elementary: Mayflower Mill
  • Middle School: Southwestern
  • High School: Mc Cutcheon
Parking
  • Number Of Parking Spaces: 12
  • Parking: Gravel, Private
Property
Lot Information
  • 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
Property and Assessments
  • New Construction: No
  • Year Built: 1876
  • Age: 141
  • Documents Available: Lease, Legal Description, Utility Bill Information
  • Planned Unit Development: No
Green Features
  • Energy Efficient: Windows
  • Exemptions: No Exemptions
Utilities
  • Sewer: City
  • Water Utility: Well
Interior and Exterior Features
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
Interior Features
  • 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
Multi-Family Information
  • Num of Efficiencies: 6
  • Num of Units Rented: 5
  • Number of Buildings: 2
  • Number of Units: 6
Income & Expenses Information
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
Rental Information
  • 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

DateEvent & SourcePriceAppreciation
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

DateEvent & SourcePrice
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

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 501 Elston Road

Taxable ValueLand$48,900Additions$220,800Total$269,700
Tax Record2025$9,569 ($797 / month)
Home Facts
Baths6Total Finished SqFt4,668 SqFtAbove Grade Finished SqFt4,668 SqFtStories2Lot Size18,295 SqFtStyleMulti-Family Dwelling (2-4)Year Built1876Year Renovated1952ZoningGBCountyTIPPECANOEAPN79-07-31-326-002.000-005

Schools near 501 Elston Road

This home is within Tippecanoe School Corp.
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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 501 Elston Road, Lafayette, IN 47909
$167,500
9
4,668
18,295
1
2,038
32,670
1
1,590
12,763
$159,900
2
940
7,579
8,448
17,206
$410,000
3
2,659
116,175

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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.