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    Broussard Duplex Investment Opportunity Title is generated by Realmo AI

    1022/1024 Vieux Jacquet Road, Broussard, LA 70518

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    For Sale
    $175,000

    MULTI_FAMILY - Broussard, LA

    Property size:
    1,666 SF
    Lot size:
    0.92 Acres
    Price / SF:
    $105/SF
    Added:
    Apr 23, 2026
    Days on Market:
    31
    Last Refresh:
    May 23 at 1:06 pm

    Property Features for 1022/1024 Vieux Jacquet Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
    Parking
    4
    Parking features
    Carport
    Patio and Porch features
    Deck, Porch
    Interior features
    Electric Stove Connection
    Exterior features
    Deck, Porch, Storm Doors
    Appliances
    Dryer, Refrigerator, Washer, Electric Range
    Standard status
    Active
    APN
    18202a2862
    Size
    1,666 SF
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Description
    Lot 200x200 Gachassin, Hardcastle, Road, Gachassin

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Wood
    Building materials
    Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Katie I LaBauve

    Listing agent Katie I LaBauve License #29166

    Listing office Caffery Real Estate, Inc. 1105 Parkview Drive Ste.1, New Iberia, LA

    Listing date Apr 23, 2026

    MLS# 2600003588 Listing URL

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Dual Income Potential: Great for investment or live in one unit and rent the other.
    • Strategic Location: Conveniently located between Lafayette, New Iberia, and St. Martinville, with easy access to Hwy 90 and 182.
    • Two Carports: Each unit includes a 2‑car carport.
    • Outdoor Living: Enjoy outdoor relaxation with a front porch and a deck for each unit.
    • Unit 1022 Features: Includes a storage building with overhang & roll‑up door.
    • Appliances Included: Refrigerator, washer, dryer, and electric range are included in both units.

    Overview

    This property features two units, making it suitable as an investment property or for owner-occupancy with rental income. Located in a serene country setting in Broussard, Louisiana, it offers convenient access to Highway 90 and 182, positioning it between Lafayette, New Iberia, and St. Martinville. Unit 1022 includes 2 bedrooms and 1 bathroom within its 924 square feet. It also features an eat-in kitchen, a front porch, a covered deck, a 2-car carport, and a storage building with an overhang and roll-up door. This unit is currently rented for $900 per month. Unit 1024 offers 2 bedrooms and 1 bathroom within its 742 square feet. It includes a front porch, a rear deck, and a 2-car carport. The outside kitchen belongs to the tenant. This unit is currently rented for $800 per month. The property is situated on a 0.92-acre lot.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $140.3K
    NOI $12,630 @ 9.00% cap · cautious / downside scenario
    Moderate
    $180.4K
    NOI $12,630 @ 7.00% cap · market / base-case scenario
    Aggressive
    $252.6K
    NOI $12,630 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $20.2k $12.12
    − Vacancy −$2.1k −$1.29
    EGI $18.0k $10.83
    − OpEx −$5.4k −$3.25
    NOI $12.6k $7.58
    1,666 SF · lease $12.12/SF/yr · vacancy 10.64% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $180.4K
    $157.9K – $210.5K (±1% cap)
    NOI $12,630 @ 7.0% cap · market cap 7.22%
    Second Best
    Apartment 5plus
    $156.2K
    $136.7K – $182.3K (±1% cap)
    NOI $10,936 @ 7.0% cap · market cap 6.25%
    Theoretical Best
    Office A
    $393.9K
    $344.7K – $459.6K (±1% cap)
    NOI $27,573 @ 7.0% cap · market cap 15.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Food Market HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.925244
    Latitude
    30.100243

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    FAQs

    What type of property is this?
    Duplex - Duplex in a serene country setting with easy highway access.
    Where is this duplex located?
    The property is located at 1022/1024 Vieux Jacquet Road Broussard, LA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Dual Income Potential: Great for investment or live in one unit and rent the other.; Strategic Location: Conveniently located between Lafayette, New Iberia, and St. Martinville, with easy access to Hwy 90 and 182.; Two Carports: Each unit includes a 2‑car carport.
    (337) 519-5290
    We can help!
    Listing Contact
    Katie I LaBauve
    Real Estate License ID: 29166
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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