Buying In Lafayette, IN
Sell Your Commercial Property In Lafayette, IN
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Lafayette and across Tippecanoe County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: West Lafayette · Downtown Lafayette · Battle Ground · Dayton — Tippecanoe County, IN
Why Lafayette
Why We Buy Multifamily In Lafayette
Lafayette, Indiana is a renter-heavy college market: 53.3% of occupied homes are rented, per ACS 2020-2024, and 24.3% of homes sit in buildings of five or more units. Median gross rent is $1,079 a month. Owners who sell commercial property in Lafayette, IN can lead with a 2% property tax cap that holds a $2,000,000 apartment assessment to $40,000 a year, below the $47,114 to $48,490 uncapped bill. This profile covers tenants, rents, taxes and landlord rules in Tippecanoe County.
Large student population
Tippecanoe County has 43,010 college and graduate students, 23.4% of residents 3 and older, against 6.0% in Indiana (ACS 2020-2024).Short commutes
74.6% of Lafayette workers commute under 20 minutes, against 46.0% statewide, per ACS table B08303 for 2020-2024.Dense apartment stock
8,282 Lafayette homes sit in 5+ unit buildings, 24.3% of stock, a deep pool for owners who sell multifamily property in Lafayette.Our Buy Box
What We Buy In Lafayette
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Lafayette Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Lafayette
Renters occupy 53.3% of Lafayette's 32,242 occupied homes, per ACS 2020-2024 table B25003. Tippecanoe County's renter share is 46.6%, against 29.4% statewide.
Buildings of 5 or more units hold 8,282 homes, 24.3% of Lafayette's stock, per table B25024. Indiana's share is 13.0%. About 58.7% of Lafayette homes predate 1980, per table B25034.
Rents and affordability in Lafayette
Median gross rent in Lafayette is $1,079 a month, per ACS table B25064. That is 1.6% above the Indiana median of $1,062. Rental vacancy is 4.2%, per ACS table DP04.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $942 |
| One-bedroom | $1,070 |
| Two-bedroom | $1,273 |
| Three-bedroom | $1,517 |
| Four-bedroom | $2,128 |
Those are HUD's FY2027 fair market rents for the Lafayette-West Lafayette, IN HUD Metro FMR Area.
Property taxes in Tippecanoe County
Lafayette-named tax districts carry 2026 certified gross rates from 2.3557 to 2.4245 per $100, per DLGF's 2026 certified tax rates by district. Indiana caps taxes on buildings with two or more dwelling units at 2% of gross assessed value, per the DLGF circuit breaker fact sheet.
On a $2,000,000 assessment, the tax before the cap runs $47,114 to $48,490. The 2% cap holds an apartment building to $40,000, a credit of $7,114 to $8,490. Owners who sell commercial property in Lafayette, IN face a 3% nonresidential cap of $60,000, which these rates never reach.
Landlord rules in Lafayette
Indiana bars local rent control. IC 32-31-1-20(b) says a unit may not regulate rental rates for privately owned real property unless the General Assembly authorizes it.
Itemized deposit deductions must reach the tenant within 45 days after termination, under IC 32-31-3-12. Anyone planning to sell commercial real estate in Lafayette, IN should also read IC 32-31-3-19, which keeps a seller liable for deposits for one year unless the buyer assumes them.
What this means for Lafayette owners
Lafayette pairs a 53.3% renter share with a 2% tax cap that trims a $48,490 bill to $40,000.
With 58.7% of stock built before 1980, buyers will price roofs and mechanicals. To sell your apartment building in Lafayette, document repairs and keep rent rolls clean. Skyline Capital Investments buys 5+ unit buildings. Start with our seller page, then run numbers in our cap rate calculator. Owners ready to sell commercial property in Lafayette, IN can begin there.
Seller Notes
What Shapes A Lafayette Offer
More about selling in Indiana →Investing in Lafayette? See apartment syndications in Lafayette →
- Lafayette's 2026 gross rates of 2.3557 to 2.4245 per $100 meet a 2% cap on apartments, so buyers underwrite $40,000.
- Most owners weighing selling commercial property in Lafayette should know 58.7% of local homes predate 1980.
- Anyone ready to sell commercial real estate in Lafayette, IN should price in a 4.2% rental vacancy rate.
Seller Guides
Selling In Lafayette? Common Situations We Handle
Learn More
Taxes & Rules For Lafayette Property
The Indiana rules that shape any deal in Lafayette: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Lafayette Seller FAQ
How do I sell commercial property in Lafayette, IN?
Gather rent rolls, a capped tax bill and repair records, then compare buyers and their closing timelines. Lafayette's 2026 gross rates run 2.3557 to 2.4245 per $100, and apartments carry a 2% cap, so a $2,000,000 assessment pays $40,000, per DLGF.
What is it like to sell commercial real estate in Lafayette, IN?
Demand is anchored by renters: 53.3% of Lafayette homes are rented and 24.3% sit in 5+ unit buildings, per ACS 2020-2024. Buyers weigh a 4.2% rental vacancy rate, median gross rent of $1,079 and the 58.7% share of homes built before 1980.
How much is property tax on a $2,000,000 apartment building in Lafayette?
Before the cap, 2026 Lafayette district rates produce $47,114 to $48,490 on a $2,000,000 assessment. Indiana's 2% circuit breaker holds buildings with two or more dwelling units to $40,000, a credit of $7,114 to $8,490 per year.
Does Lafayette have rent control?
No. IC 32-31-1-20(b) says a unit may not regulate rental rates for privately owned real property unless the General Assembly authorizes it. Buyers therefore underwrite market rents, and HUD's FY2027 two-bedroom fair market rent here is $1,273 a month.
What happens to tenant deposits when a Lafayette owner sells?
Under IC 32-31-3-19, a selling landlord stays liable for the security deposit for one year after notice unless the buyer assumes it and the deposit transfers at conveyance. Itemized deductions must reach the tenant within 45 days of termination, under IC 32-31-3-12.
Do I need to fix up my Lafayette building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
How does a sale to you work in Tippecanoe County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in Lafayette?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
What do I need to sell my apartment building in Lafayette?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Have A Property In Lafayette?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
