Duplex Income
222 Ryder Drive Lafayette, LA 70508
For Sale
$199,000
MULTI_FAMILY - Lafayette, LA
Property Size2,052 SF
Lot Size0.11 Acres
Price / SF$96.98
Days on Market49
Property Features for 222 Ryder Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
- Parking
- 4
- Parking features
- Parking Lot
- Interior features
- Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
- Fencing
- Chain Link
- Appliances
- Refrigerator, Electric Range
- Standard status
- Active
- APN
- 6038394
- Size
- 2,052 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- LOT 2-B HOLIDAY TOWN HOMES SEC 60 T10S R5E (37.5X125)
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
ICON Real Estate Co
(337) 534-4099
Listed By:
Jenny Hale · License #995712583
(337) 278-6728
Added: Jun 8
Changed: Jul 25
Last Checked: Jul 26 at 9:06PM
MLS# 2600005068
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 residential income property is offered for sale at 222 Ryder Drive in Lafayette, Louisiana. The building totals 2,052 square feet and sits on a 0.11-acre lot.
The property is listed in the Lafayette, LA 70508 area within Lafayette Parish.
As a duplex configuration, it provides two residential units within a single income property structure.
The property is listed in the Lafayette, LA 70508 area within Lafayette Parish.
As a duplex configuration, it provides two residential units within a single income property structure.
Key Highlights
- Heating: electric with central heating; cooling includes central air
- Brick construction with a composition roof
- Kitchen includes electric range and refrigerator
Financial Insights For Apartment 5plus
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 | $43.1k | $21.00 |
| − Vacancy | −$11.5k | −$5.59 |
| EGI | $31.6k | $15.41 |
| − OpEx | −$14.2k | −$6.94 |
| NOI | $17.4k | $8.48 |
2,052 SF · lease $21.00/SF/yr · vacancy 26.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.2K
$239.9K – $319.9K
NOI $19,193 @ 7.0% cap · market cap 9.64%
Second Best
Apartment 5plus
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$485.2K
$424.5K – $566.0K
NOI $33,961 @ 7.0% cap · market cap 17.07%
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 - Duplex residential income property located on Ryder Drive in Lafayette, offering two units totaling 2,052 square feet.
Where is this duplex located?
The property is located at 222 Ryder Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Heating: electric with central heating; cooling includes central air; Brick construction with a composition roof; Kitchen includes electric range and refrigerator
