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Multifamily

Horizon Drive Fourplexes

2801 Horizon Dr, West Lafayette, IN 47906

Listing Price: $1,425,000

Cap Rate
6.17%
Number of Units
12
GRM
8.08
Price/Unit
$118,750
Price/Gross SF
$109.62
Gross SF
13,000

Investment Overview

Marcus & Millichap is pleased to present a 12-unit multifamily portfolio located in West Lafayette, Indiana. The asset presents investors with the opportunity to acquire mid-1990s fourplexes in one of the state’s most elite and highgrowth submarkets, driven by the expansion of Purdue University and the burgeoning Discovery Park District.

The property consists of three four plex buildings, offering residents a high-density residential feel with the privacy of a small-scale community. Each unit features spacious, 2 bedroom / 1 bathroom floor plans, a high-demand layout for the area’s professional and graduate student demographic. West Lafayette’s housing market is defined by apartment supply constraints. With Purdue University’s record-breaking enrollment and the arrival of high-tech employers like SkyWater Technology and Saab, vacancy rates in the submarket remain near historic lows.

This portfolio provides investors an attractive combination of low-risk, high-demand housing and measurable upside potential. Situated in a market with high barriers to entry and a robust economic engine, the West Lafayette Fourplexes are positioned for long-term capital appreciation and stable operations.

Investment Highlights

  • Class B, 1996 Construction
  • Two Miles from Purdue University
  • Spacious 1,020-Square-Foot Units: All Two Bed - One Bath
  • In-Unit Washer/Dryer
  • Mark-to-Market Opportunity Through Light to Medium Value-Add

Exclusively Listed By

Multifamily

Horizon Drive Fourplexes

Listing Price: $1,425,000

Cap Rate
6.17%
Number of Units
12
GRM
8.08
Price/Unit
$118,750
Price/Gross SF
$109.62
Gross SF
13,000

Investment Highlights

  • Class B, 1996 Construction
  • Two Miles from Purdue University
  • Spacious 1,020-Square-Foot Units: All Two Bed - One Bath
  • In-Unit Washer/Dryer
  • Mark-to-Market Opportunity Through Light to Medium Value-Add

Investment Overview

Marcus & Millichap is pleased to present a 12-unit multifamily portfolio located in West Lafayette, Indiana. The asset presents investors with the opportunity to acquire mid-1990s fourplexes in one of the state’s most elite and highgrowth submarkets, driven by the expansion of Purdue University and the burgeoning Discovery Park District. The property consists of three four plex buildings, offering residents a high-density residential feel with the privacy of a small-scale community. Each unit features spacious, 2 bedroom / 1 bathroom floor plans, a high-demand layout for the area’s professional and graduate student demographic. West Lafayette’s housing market is defined by apartment supply constraints. With Purdue University’s record-breaking enrollment and the arrival of high-tech employers like SkyWater Technology and Saab, vacancy rates in the submarket remain near historic lows. This portfolio provides investors an attractive combination of low-risk, high-demand housing and measurable upside potential. Situated in a market with high barriers to entry and a robust economic engine, the West Lafayette Fourplexes are positioned for long-term capital appreciation and stable operations.

Exclusively Listed By

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