Duplex with Carport
For Sale
$235,000
108 Avalon Street, Lafayette, LA 70508
Residential Income, Lafayette, LA
Property Size2,000 SF
Price / SF$117.50
Days on Market687
Property Features for 108 Avalon Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, 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, Refrigerator, Gas Range
Subdivision
Avalon
Lot features
Level
Elementary school
Ernest Gallet
Middle school
Broussard
High school
Southside
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
From the Pinhook/Kaliste Saloom Road intersection, travel south on Pinhook Road (toward Broussard), cross Verot School Road, Avalon will be on your left, after you turn onto Avalon this property will be on the right
Standard status
Active
APN
6012895
Size
2,000 SF
Taxes and HOA fees
Tax Description
lot 13, Avalon Subdivision, Lafayette Parish, Louisiana
Legal Description
lot 13, Avalon Subdivision, Lafayette Parish, Louisiana
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
central heat and air
ceramic tile floors
refrigerator and gas range
washer/dryer connections
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: Oct 3
Last Checked: Oct 9 at 5:06PM
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 2,000-square-foot brick duplex in Lafayette contains two residences, each arranged with two bedrooms, one bathroom, and a kitchen equipped with a refrigerator and gas range. Ceramic tile flooring extends throughout both units. Central heating and air serve the property, and each residence has its own carport space.
A utility room with washer and dryer connections is accessible from the carport. The units are individually metered, providing separate utility measurements for each residence.
A utility room with washer and dryer connections is accessible from the carport. The units are individually metered, providing separate utility measurements for each residence.
Key Highlights
- 2,000 square feet across two residences
- Each unit has 2 bedrooms and 1 bathroom
- Separate carport parking for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,706
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,120
$374.1K
Cap Rate 7%
$267,229
$267.2K
Cap Rate 9%
$207,844
$207.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$35.8K $17.88/SF
− Vacancy
−$9.0K −$4.52/SF
EGI
$26.7K $13.36/SF
− OpEx
−$8.0K −$4.01/SF
NOI
$18.7K $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 Rate 5%
$374,120
Cap Rate 7%
$267,229
Cap Rate 9%
$207,844
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.8K
NOI $18,706 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$242.2K
$211.9K – $282.6K
NOI $16,955 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include central heating and air, individually metered utilities, and dedicated covered parking.
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 $235,000.
What are key features of this property?
This property features: 2,000 square feet across two residences; Each unit has 2 bedrooms and 1 bathroom; Separate carport parking for each residence
