Fully Occupied Brick
For Sale
$185,000
300 Rials Drive, Lafayette, LA 70508
Residential Income, Lafayette, LA
Property Size2,000 SF
Lot Size0.21 Acres
Price / SF$92.50
Days on Market94
Property Features for 300 Rials Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 4
Parking
4
Interior features
Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
Appliances
Electric Range
Subdivision
Holiday Mobile Estates
Elementary school
Drexel
Middle school
Broussard
High school
Comeaux
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
From Ambassador Caffery Pkwy, turn left onto Bonin Rd. Turn right onto Al Pearson Dr., then turn right onto Rials Dr. House at right of Rials Dr.
Standard status
Active
APN
6039417
Size
2,000 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
LOT 113 HOLIDAY MOBILE ESTATES
Legal Description
LOT 113 HOLIDAY MOBILE ESTATES
Utilities
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Number of units
2
Flooring type
Tile, Wood
Building materials
Brick
Roof type
Composition
Listing Agency:
Cachet Real Estate, LLC
(337) 534-0672
Listed By:
Jarrot Baker · License #0995692417
(337) 465-1016
Added: Jun 18
Changed: Sep 13
Last Checked: Sep 19 at 4:06AM
MLS# 2600005539
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 in Lafayette, Louisiana, contains 2,000 square feet on a 0.21-acre lot. One residence offers three bedrooms and two bathrooms, while the second includes two bedrooms and two bathrooms. The building has brick construction, tile and wood flooring, central heating and cooling, ceiling fans, and an electric range. Washer and dryer connections are also provided.
Both units are fully occupied and generate monthly income. The property is served by public water and features a composition roof. Interior access is available with an accepted offer, and tenant privacy should be respected during the marketing process.
Both units are fully occupied and generate monthly income. The property is served by public water and features a composition roof. Interior access is available with an accepted offer, and tenant privacy should be respected during the marketing process.
Key Highlights
- 2,000 square feet on a 0.21‑acre lot
- Two‑unit duplex with 3‑bed, 2‑bath and 2‑bed, 2‑bath layouts
- Fully occupied and generating monthly income
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
$16,955
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
9.16%
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%
$339,100
$339.1K
Cap Rate 7%
$242,214
$242.2K
Cap Rate 9%
$188,389
$188.4K
Market Conditions
NOI Build-Up for 2,000 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
$42.0K $21.00/SF
− Vacancy
−$11.2K −$5.59/SF
EGI
$30.8K $15.41/SF
− OpEx
−$13.9K −$6.94/SF
NOI
$17.0K $8.48/SF
Area
Lafayette, LA
Vacancy
26.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
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%
$339,100
Cap Rate 7%
$242,214
Cap Rate 9%
$188,389
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.8K
NOI $18,706 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$242.2K
$211.9K – $282.6K
NOI $16,955 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
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 provide separate bedroom and bathroom layouts with current occupancy and central air conditioning.
Where is this duplex located?
The property is located at 300 Rials Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 2,000 square feet on a 0.21‑acre lot; Two‑unit duplex with 3‑bed, 2‑bath and 2‑bed, 2‑bath layouts; Fully occupied and generating monthly income
