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    223 W Port St Saint Martinville, LA 70582

    Sponsored
    For Sale
    $260,000

    MULTI_FAMILY - St. Martinville, LA

    Property size:
    5,630 SF
    Days on Market:
    45
    Last Refresh:
    Feb 25 at 7:06 pm

    Property Features for 223 W Port St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    APN
    48402
    Parking
    8
    Parking features
    Carport
    Interior features
    Walk-In Closet(s), Electric Dryer Connection, Electric Washer Connection, Gas Stove Connection, Master Bath, Walk-In Closet(s)
    Exterior features
    Lighting, Outside Light
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer, Gas Range
    Size
    5,630 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Number of units
    5
    Flooring type
    Laminate, Tile
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Jade Dupuis Barras
    Jade Dupuis Barras

    Latter & Blum Holdings LLC (504) 569-9369

    Listing agent Jade Dupuis Barras License #995686034

    Listing date Jan 12, 2026

    MLS# 2020021263

    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

    Property Insight Report

    Overview

    Income-Producing Multi-Family Property

    Located within walking distance of historic downtown, this property at 223 W. Port Street features a brick ranch-style home with four bedrooms and two bathrooms, offering both comfortable living and income potential. The residence has curb appeal, a long driveway with ample parking, and covered RV parking. Inside, the foyer leads to a living room with a wood-burning fireplace and a built-in entertainment center. The living room opens to the kitchen, which includes stainless steel appliances, abundant cabinet space, a custom backsplash, and a peninsula with seating. The kitchen provides direct access to the oversized, formal dining room. A large flex space with a built-in bar connects to the living area, suitable for a game room, office, or secondary living area. The primary suite has direct access to the back patio and an updated bathroom with a separate tub and a custom tiled shower. The backyard includes a large, partially enclosed covered patio, a courtyard space, and a covered work area. The sale includes a 4-plex located behind the home, offering an income-producing opportunity through long-term or short-term rentals. The property size is 5630 square feet and is located in St. Martinville, LA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

    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
    -91.837312
    Latitude
    30.125189

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    FAQs

    What type of property is this?
    Apartment building - Classic home with 4-plex for rental income.
    Where is this apartment building located?
    The property is located at 223 W Port St Saint Martinville, LA.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: - Income-producing 4-plex included in sale, offering rental income potential.; - Walking distance to historic downtown.; - Primary suite with updated bathroom featuring separate tub and custom tiled shower, and direct access to back patio.
    (337) 551-3452
    Request Owner's contact information
    223 W Port St Saint Martinville, LA 70582
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    Saint Martinville, LA 70582
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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
    223 W Port St Saint Martinville, LA 70582
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    We can help!
    Listing Contact
    Jade Dupuis Barras
    Jade Dupuis Barras
    Real Estate License ID: 995686034
    (337) 551-3452
    Learn more
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