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    1534 S Patout St New Iberia, LA 70560

    For Sale
    $250,000

    Multi Family - New Iberia, LA

    Type:Multi Family
    Property size:
    2,450 SF
    Days on Market:
    81
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 1534 S Patout St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Parking
    4
    Appliances
    Dishwasher, Microwave, Range, Washer
    Size
    2,450 SF

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Other

    ReHive,LLC (337) 857-5955 [email protected]

    Listing agent Elizabeth Coleman (337) 857-5955

    Listing date Sep 16, 2025

    MLS# 2500003529 Listing URL

    Copyright © 2025 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.

    Overview

    New Iberia Multifamily Investment Property

    This multifamily property in New Iberia presents an opportunity for investors. The property features two units, each offering three bedrooms and two full bathrooms. Each unit provides approximately 1,225 square feet of living space, totaling a property size of 2,450 square feet. The property is currently fully leased and professionally maintained, generating rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.8113805
    Latitude
    29.9721435

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    FAQs

    What type of property is this?
    Duplex - Cash-flowing, turnkey investment property with two spacious, updated units.
    Where is this duplex located?
    The property is located at 1534 S Patout St New Iberia, LA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Turnkey investment property with consistent rental income.; - Two spacious units, each with 3 bedrooms and 2 full bathrooms.; - Fully leased and professionally maintained.
    (337) 857-5955
    Request Owner's contact information
    1534 S Patout St New Iberia, LA 70560
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    New Iberia, LA 70560
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    Realmo Value Estimation

    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.

    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.

    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
    1534 S Patout St New Iberia, LA 70560
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