Three-Unit
For Sale
$300,000
104 N Long Street, Lafayette, LA 70506
MULTI_FAMILY - Lafayette, LA
Property Size2,979 SF
Lot Size0.36 Acres
Price / SF$100.70
Days on Market37
Property Features for 104 N Long Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Parking
6
Parking features
Parking Lot
Interior features
Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
Appliances
Microwave, Refrigerator, Electric Range
Lot features
Level
Elementary school
Westside
Middle school
Scott
High school
Acadiana
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
From Congress Street and Bertrand, head north. Cross Eraste Landry, turn R onto N. Long. Triplex will be on the L.
Subdivision
G3
Standard status
Active
APN
6032438
Size
2,979 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
DIST:04 CITY/MUNI/TWP:CITY OF LAFAYETTE SEC/TWN/RNG/MER:SEC 27 TWN 09S RNG 04E TR A SEC 27 T9S R4E (0.3591 AC)(95FT FRONT) (A/K/A LOTS 178-179-180-181)
Legal Description
DIST:04 CITY/MUNI/TWP:CITY OF LAFAYETTE SEC/TWN/RNG/MER:SEC 27 TWN 09S RNG 04E TR A SEC 27 T9S R4E (0.3591 AC)(95FT FRONT) (A/K/A LOTS 178-179-180-181)
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
3
Flooring type
Carpet
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Walter R Campbell · License #51344
(337) 251-6500
Added: Jun 29
Changed: Aug 2
Last Checked: Aug 4 at 4:06PM
MLS# 2600005931
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.
Investment Insights
Based on property information with market context.
104 N Long Street in Lafayette, Louisiana presents a well-maintained three-unit triplex set up for residential income use. The property is on a 0.36-acre lot and has 2,979 square feet of total space.
The building’s exterior is constructed with vinyl siding and a composition roof. Interior features include electric dryer, washer, and stove connections, and electric range, microwave, and refrigerator appliances. Heating is provided by central systems, with cooling via central air and ceiling fans.
For everyday convenience, the property includes parking lot parking and public water service. The units are described as fully occupied, supporting an income-focused ownership plan.
The building’s exterior is constructed with vinyl siding and a composition roof. Interior features include electric dryer, washer, and stove connections, and electric range, microwave, and refrigerator appliances. Heating is provided by central systems, with cooling via central air and ceiling fans.
For everyday convenience, the property includes parking lot parking and public water service. The units are described as fully occupied, supporting an income-focused ownership plan.
Key Highlights
- 0.36‑acre lot and 2,979 SF three‑unit triplex at 104 N Long Street, Lafayette, LA
- Described as fully occupied triplex
- Central heating with central air plus ceiling fans for cooling
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.6k | $21.00 |
| − Vacancy | −$16.6k | −$5.59 |
| EGI | $45.9k | $15.41 |
| − OpEx | −$20.7k | −$6.94 |
| NOI | $25.3k | $8.48 |
2,979 SF · lease $21.00/SF/yr · vacancy 26.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.0K
$348.3K – $464.4K
NOI $27,863 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$360.8K
$315.7K – $420.9K
NOI $25,255 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$704.3K
$616.3K – $821.7K
NOI $49,304 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-unit triplex with central heating and cooling, vinyl siding, composition roof, and parking lot.
Where is this triplex located?
The property is located at 104 N Long Street Lafayette, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 0.36‑acre lot and 2,979 SF three‑unit triplex at 104 N Long Street, Lafayette, LA; Described as fully occupied triplex; Central heating with central air plus ceiling fans for cooling
