301 S Pierce Street, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
- Added:
- Dec 10, 2025
- Days on Market:
- 185
- Last Refresh:
- Jun 13 at 1:06 pm
Property Features for 301 S Pierce Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MN-1
- Standard status
- Active
- APN
- 6025384
- Size
- 1,791 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- LOT 1 & N 1/2 LOT 4 BLK F HOPKINS ADD (75 FT FRONT)
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Wood
- Roof type
- Composition
Listing agent Charles Ditch License #995695266 (337) 501-9467
Listing office Keaty Real Estate Team 350 Doucet Rd Ste. B, Lafayette, LA (337) 235-7770
Listing date Dec 10, 2025
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.
HighLights
- Mixed‑Use zoning allows for highly profitable Short‑Term Rentals (STRs).
- Newly renovated duplex featuring a 3 Bed/1 Bath unit (1,251 sqft) and a 1 Bed/1 Bath unit (544 sqft).
- Centrally located with quick access to Downtown Lafayette, River Ranch, shopping, dining, and major thoroughfares.
- Recent capital improvements, including a roof that is approximately two years old.
- Individually metered for electricity with designated parking spaces for each unit.
- Located in Flood Zone X, offering lower insurance exposure.
Overview
The property is located at 301 S Pierce Street in Lafayette, Louisiana, in Flood Zone X, described as “high and dry.” The listing notes quick access to Downtown Lafayette and nearby retail, dining, and major thoroughfares.
Zoning is MN-1, which the listing describes as supporting neighborhood retail, convenience, service, office, and institutional uses within Residential and Mixed Residential categories. For tenants, buyers, or operators seeking a duplex with separate utilities and dedicated parking, this layout can support straightforward day-to-day operations while fitting a range of residential strategies consistent with the current zoning language.
Local Financial Insights For Multifamily LT 5
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 | $32.0k | $17.88 |
| − Vacancy | −$8.1k | −$4.52 |
| EGI | $23.9k | $13.36 |
| − OpEx | −$7.2k | −$4.01 |
| NOI | $16.8k | $9.35 |
Alternative Uses
Current Use by Public Records
Map
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.018698
- Latitude
- 30.231985
