Occupied Two-Unit
For Sale
$160,000
204 W End Avenue, Lafayette, LA 70501
Residential Income, Lafayette, LA
Property Size1,456 SF
Lot Size0.15 Acres
Price / SF$109.89
Days on Market81
Property Features for 204 W End Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking
4
Patio and Porch features
Patio
Exterior features
Balcony, Balcony, Patio
Subdivision
Vonder Bauman Addition
Lot features
Level
Elementary school
Lafayette
Middle school
Lafayette
High school
Lafayette
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
University north to right on Cameron, right on Delord and then right on West End Ave. Property is on the right
Standard status
Active
APN
6022092
Size
1,456 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
LOT 11 BLK 3 VORDENBAUMEN EXT (50X120)
Legal Description
LOT 11 BLK 3 VORDENBAUMEN EXT (50X120)
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Number of units
2
Building materials
Block
Roof type
Composition
Listing Agency:
Cachet Real Estate, LLC
(337) 534-0672
Listed By:
Jarrot Baker · License #0995692417
(337) 465-1016
Added: Jul 1
Changed: Sep 12
Last Checked: Sep 19 at 5:06AM
MLS# 2600006022
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 contains two residential units within a 1,456-square-foot property. Each unit includes two bedrooms and one bathroom, and both units are currently occupied. Exterior amenities include balconies and a patio, while block construction, a composition roof, central air conditioning, and central electric heat support the building’s existing configuration. Public water serves the property.
Located at 204 W End Avenue in Lafayette, Louisiana, the property sits on a 0.15-acre lot. The two-unit layout provides a straightforward residential income property format with separate living spaces and established occupancy.
Located at 204 W End Avenue in Lafayette, Louisiana, the property sits on a 0.15-acre lot. The two-unit layout provides a straightforward residential income property format with separate living spaces and established occupancy.
Key Highlights
- Two‑unit duplex with 1,456 square feet of property size
- Each unit has 2 bedrooms and 1 bathroom
- Both units are fully occupied
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
$13,618
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
8.51%
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%
$272,360
$272.4K
Cap Rate 7%
$194,543
$194.5K
Cap Rate 9%
$151,311
$151.3K
Market Conditions
NOI Build-Up for 1,456 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
$26.0K $17.88/SF
− Vacancy
−$6.6K −$4.52/SF
EGI
$19.5K $13.36/SF
− OpEx
−$5.8K −$4.01/SF
NOI
$13.6K $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%
$272,360
Cap Rate 7%
$194,543
Cap Rate 9%
$151,311
Alternative Uses
Best Use
Multifamily LT 5
$194.5K
$170.2K – $227.0K
NOI $13,618 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$176.3K
$154.3K – $205.7K
NOI $12,344 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$344.2K
$301.2K – $401.6K
NOI $24,097 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a consistent income-producing configuration with private outdoor features and central climate control.
Where is this duplex located?
The property is located at 204 W End Avenue Lafayette, LA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,456 square feet of property size; Each unit has 2 bedrooms and 1 bathroom; Both units are fully occupied
