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Residential Land with Home for Sale in Lafayette, Indiana

2561 S 231 Hwy, Lafayette, IN 47909

$575,000
9 acres
Active
$25k drop
Est $3,214/mo

Welcome to this rare Lafayette find! Private 9 acre property with 2 homes tucked away in town, offering the perfect blend of convenience, income potential, and natural beauty. The main residence is a well-maintained 3 bedroom, 2 bath home with spacious living areas and large patio overlooking your very own wooded paradise. The 2nd home is a 1 bedroom, 864 sq. ft. home that provides steady rental income or a perfect mother in law suite. Enjoy over 6 acres of mature trees with meandering trails that are perfect for hiking, wildlife watching, or simply unwinding in nature. Recent improvements on the main home include HVAC 2 yrs old, Roof and skylight 1 year old. Outbuildings include a generous pole barn and 2 sheds ideal for storage, hobbies, or a workshop. All of this is just minutes from Lafayette's shopping, dining, and Purdue University, giving you the privacy of the countryside with the convenience of city living.

1,680
Sq feet
3
Beds
2
Full baths
2000
Built

Location

Street address
2561 S 231 Hwy
School district
Tippecanoe School Corp.
Elevation
645 feet
Coordinates
40.3927, -86.9024

Directions

South on 4th St to Old 231S. Turn left immediately after crossing the RR bridge.This road goes behind the Outpost. At the Y stay to the left that follows the RR tracks. The private gravel road will lead to the property.

Property details

Acreage
9 acres
MLS #
LRAOR 202531888
Posted

Property taxes

Recent
$4,754

Parcels

  • 79-07-32-377-002.000-005

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking
Attached Garage, Garage

Structure

Style
New Traditional
Stories
1
Heating
Forced Air, Propane
Cooling
Central Air
Roof
Asphalt

Interior

Room Count
6
Rooms
Bathroom x 2, Bedroom x 3, Dining Room, Great Room, Kitchen, Living Room
Appliances
Dryer, Electric Range, Range
Features
Ceiling-Cathedral, Dishwasher, Dryer Hook Up Electric, Refrigerator, Water Softener-Owned

Property utilities

CategoryTypeStatusDescription
PowerGridAvailable
WaterPublicAvailable
GasPropaneConnected

Nearby schools

NameLevelDistrictDescription
Wea RidgeElementaryTippecanoe School Corp.
Wea RidgeMiddleTippecanoe School Corp.
MC CutcheonHighTippecanoe School Corp.

Listing history

DateEventPriceChangeSource
Nov 2, 2025Price drop$575,000$25,000 -4.2%LRAOR
Aug 12, 2025New listing$600,000LRAOR
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This 9-acre property is located at 2561 S 231 Hwy in Lafayette, IN 47909. The property is available for sale for $575,000. It has a 1,680 sq ft 3 bedroom, 2 bath house built in 2000.

Checked 1 hour ago — Updated

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