Lafayette Duplex with New
108 Avalon Street Lafayette, LA 70508
For Sale
$220,000
MULTI_FAMILY - Lafayette, LA
Property Size2,000 SF
Price / SF$110
Days on Market612
Property Features for 108 Avalon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2
- Parking
- 2
- Parking features
- Carport
- Window features
- Window Treatments
- Interior features
- Window Treatments, Gas Dryer Connection, Gas Stove Connection
- Exterior features
- Lighting, Outside Light, Storm Doors
- Appliances
- Refrigerator, Gas Range
- Standard status
- Active
- APN
- 6012895
- Size
- 2,000 SF
Taxes and HOA fees
- Tax Description
- lot 13, Avalon Subdivision, Lafayette Parish, Louisiana
Utilities
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
Gateway Realty, Inc.
(337) 981-4595
Listed By:
Jay Smith · License #9189
(337) 962-6430
Added: Nov 21, 2024
Changed: Jul 25
Last Checked: Jul 26 at 5:06AM
MLS# 24010748
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 duplex, located in Lafayette, Louisiana, features brick on slab construction and central heat and air. Each of the two units includes 2 bedrooms and 1 bath, along with good closet space. The kitchens are equipped with a refrigerator and a gas range. Ceramic tile flooring is present throughout, with no carpet. Each unit has a single carport. A large utility room with washer and dryer connections is accessible in the carport. The property has a new metal roof installed as of August 2025. Unit 1 and Unit 2 each currently lease for $900. The units are individually metered. The property size is 2000 square feet.
Key Highlights
- Duplex with brick on slab construction, each unit offers 2 bedrooms and 1 bathroom
- New metal roof installed as of August 2025
- Central heat and central air with ceiling fans; no carpet with ceramic tile floors throughout
Financial Insights For Multifamily LT 5
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 | $35.8k | $17.88 |
| − Vacancy | −$9.0k | −$4.52 |
| EGI | $26.7k | $13.36 |
| − OpEx | −$8.0k | −$4.01 |
| NOI | $18.7k | $9.35 |
2,000 SF · lease $17.88/SF/yr · vacancy 25.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.8K
NOI $18,706 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$242.2K
$211.9K – $282.6K
NOI $16,955 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with new roof, great investment opportunity.
Where is this duplex located?
The property is located at 108 Avalon Street Lafayette, LA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Duplex with brick on slab construction, each unit offers 2 bedrooms and 1 bathroom; New metal roof installed as of August 2025; Central heat and central air with ceiling fans; no carpet with ceramic tile floors throughout
