Residential Income
For Sale
$330,000
Pending
106 Seville Boulevard, Lafayette, LA 70503
MULTI_FAMILY - Lafayette, LA
Property Size2,379 SF
Lot Size0.18 Acres
Days on Market58
Property Features for 106 Seville Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RS-1
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 2
Parking
3
Parking features
On Street
Patio and Porch features
Deck
Interior features
High Ceilings, 9+ Ft Ceiling
Exterior features
Balcony, Balcony, Deck
Fencing
Chain Link
Appliances
Dishwasher, Dryer, Refrigerator, Electric Range
Subdivision
Arbolada
Lot features
Level
Elementary school
Woodvale
Middle school
L J Alleman
High school
Lafayette
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
Take Johnston Street north towards UL. Take a right onto Buena Vista Blvd to enter Arbolada Subdivision. Take right in roundabout to Clark Court. Take a left onto Seville Blvd. Home will be on the right. Park at the on street parking.
Standard status
Pending
APN
6056450
Size
2,379 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
SW P LOT 4 ALL LOT 5 & NE P LOT 6 BLK D ARBOLADOADD (68.40X113.83X 59.80X117.94)
Legal Description
SW P LOT 4 ALL LOT 5 & NE P LOT 6 BLK D ARBOLADOADD (68.40X113.83X 59.80X117.94)
Utilities
Heating system
Central, Wall Furnace, Electric (Heating)
Cooling system
Central Air
Amenities
original wood floors
wood-burning fireplace
formal dining room
sunroom
brick deck
private backyard
gated access
shared washer/dryer
Building Details
Floors in Building
2
Number of units
3
Flooring type
Laminate, Wood
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Added: Jun 30
Changed: Aug 6
Last Checked: Aug 26 at 9:06AM
MLS# 2600005971
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.
This residential income triplex includes a main home and a leased two-story duplex. The main residence is approximately 1,435 square feet and features 2 bedrooms, 2 bathrooms, original wood floors, a wood-burning fireplace, a formal dining room, and a bright sunroom with floor-to-ceiling windows. A large brick deck overlooks a private backyard with direct gated access to the nearby university. The additional structure is a two-story duplex with two separate 1-bedroom units (Unit A and Unit B).
Located in the historic Arbolada Subdivision, the property is near the University of Louisiana, downtown Lafayette, Mardi Gras parade route, and top-rated schools. The seller-reported rent totals $2,950 per month across Unit 106, Unit A, and Unit B. Laundry is provided via a shared washer/dryer for all units. The landlord pays water, sewer, and electric for Units A & B, while Unit 106 tenant pays their own utilities.
The property sits on an approximately 0.18-acre lot and is offered for sale in RS-1 zoning.
Located in the historic Arbolada Subdivision, the property is near the University of Louisiana, downtown Lafayette, Mardi Gras parade route, and top-rated schools. The seller-reported rent totals $2,950 per month across Unit 106, Unit A, and Unit B. Laundry is provided via a shared washer/dryer for all units. The landlord pays water, sewer, and electric for Units A & B, while Unit 106 tenant pays their own utilities.
The property sits on an approximately 0.18-acre lot and is offered for sale in RS-1 zoning.
Key Highlights
- 1,435‑SF main home in the historic Arbolada Subdivision with 2 bedrooms, 2 bathrooms, and original wood floors
- Wood‑burning fireplace, formal dining room, and bright sunroom with floor‑to‑ceiling windows
- Leased two‑story duplex with two 1‑bedroom units: Unit A (360 SF) and Unit B (584 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,251
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$445,020
$445.0K
Cap Rate 7%
$317,871
$317.9K
Cap Rate 9%
$247,233
$247.2K
Market Conditions
NOI Build-Up for 2,379 SF
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.
Gross rent
$42.5K $17.88/SF
− Vacancy
−$10.7K −$4.52/SF
EGI
$31.8K $13.36/SF
− OpEx
−$9.5K −$4.01/SF
NOI
$22.3K $9.35/SF
Area
Lafayette, LA
Vacancy
25.27%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$445,020
Cap Rate 7%
$317,871
Cap Rate 9%
$247,233
Alternative Uses
Best Use
Multifamily LT 5
$317.9K
$278.1K – $370.9K
NOI $22,251 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$288.1K
$252.1K – $336.1K
NOI $20,168 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$562.5K
$492.2K – $656.2K
NOI $39,373 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,889
Businesses Nearby
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex in RS-1 zoning with a main 2-bed home plus a leased two-story duplex on the same lot.
Where is this triplex located?
The property is located at 106 Seville Boulevard Lafayette, LA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,435‑SF main home in the historic Arbolada Subdivision with 2 bedrooms, 2 bathrooms, and original wood floors; Wood‑burning fireplace, formal dining room, and bright sunroom with floor‑to‑ceiling windows; Leased two‑story duplex with two 1‑bedroom units: Unit A (360 SF) and Unit B (584 SF)
