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    130 S Main St Saint Martinville, LA 70582

    View on Map
    Sponsored
    For Sale
    $550,000

    MULTI_FAMILY - St. Martinville, LA

    Property size:
    6,640 SF
    Days on Market:
    12
    Last Refresh:
    Mar 23 at 12:06 pm

    Property Features for 130 S Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Window Treatments
    Zoning
    C
    Rooms
    Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3
    Bedrooms
    4
    APN
    45064
    Patio and Porch features
    Porch
    Interior features
    High Ceilings, Walk-In Closet(s), 9+ Ft Ceiling, Window Treatments, Electric Dryer Connection, Electric Washer Connection, Gas Stove Connection, Walk-In Closet(s)
    Exterior features
    Porch
    Fencing
    Privacy
    Appliances
    Dishwasher, Disposal, Microwave, Refrigerator, Gas Range
    Size
    6,640 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Number of units
    3
    Flooring type
    Wood
    Building materials
    Wood Siding
    Roof type
    Metal
    Additional Structures
    Guest House

    We can help!

    Listing Contact
    Teresa W Rainey

    Real Broker, LLC

    Listing agent Teresa W Rainey License #0995691537

    Listing date Mar 12, 2026

    MLS# 2020023384 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.

    Learn more

    Overview

    St. Martinville Multifamily Investment Opportunity

    This multifamily property in historic St. Martinville, Louisiana, presents an investment opportunity. Spanning the entire block from 130 S Main St. to 130 S Washington St., the property includes four rental units with income potential. The property features a New Orleans-style 4-bed, 3-bath home at 130 S Main St., suitable for residential or commercial use and currently operating as a short-term rental. Additionally, the parcel includes 130 S Washington St., a tenant-occupied home, and a duplex (Units A & B), with one unit currently rented. The properties are connected by a gated backyard passage, forming a single rectangular lot. Located across from the St. Martin de Tours square and Evangeline Oak, the block-to-block setup offers location, charm, and flexibility. The property is suited for investors seeking short-term, long-term, or mixed-use rental income in a walkable downtown setting. The property size is 6640 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Martinville
    County
    St. Martin
    State
    Louisiana
    Longitude
    -91.829669
    Latitude
    30.12292

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    FAQs

    What type of property is this?
    Multifamily property - Four rental units in historic downtown St. Martinville.
    Where is this multifamily property located?
    The property is located at 130 S Main St Saint Martinville, LA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Four rental units offer strong income potential (short-term, long-term, or mixed-use).; - Prime location in historic St. Martinville, across from St. Martin de Tours square and Evangeline Oak.; - Includes a New Orleans-style 4 bed, 3 bath home suitable for residential or commercial use.
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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.

    More about this property
    130 S Main St Saint Martinville, LA 70582
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    Listing Contact
    Teresa W Rainey
    Real Estate License ID: 0995691537
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