Log In/Sign Up
Your email has been sent.
Parkwood Apartments 261 W Wood St 15 Unit Apartment Building $4,275,000 ($285,000/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 | ANNUAL PER SF |
|---|---|---|
| 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 | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,275,000 | Building Class | C |
| Price Per Unit | $285,000 | 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 | $4,275,000 |
| Price Per Unit | $285,000 |
| 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 | $2,033,200 (2024) |
| Land Assessment | $1,635,200 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $398,000 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
79-07-19-430-017.000-026
Land Assessment
$1,635,200 (2024)
Improvements Assessment
$398,000 (2024)
Total Assessment
$2,033,200 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Parkwood Apartments | 261 W Wood St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.