Turnkey 12-Plex in Opportunity
314 Deare Street New Iberia, LA 70560
314 Deare Street, New Iberia, LA, 70560
$670,000
For Sale
$670,000
MULTI_FAMILY - New Iberia, LA
Property Size5,712 SF
Price / SF$117.30
Days on Market425
Property Features for 314 Deare Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 24
- Parking features
- Parking Lot
- Appliances
- Dishwasher, Refrigerator, Electric Range
- Standard status
- Active
- APN
- 0503471000
- Size
- 5,712 SF
Taxes and HOA fees
- Tax Description
- BEING LOTS 15 & 16, TWIN CIRCLE SUB
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Number of units
- 12
- Flooring type
- Vinyl
- Building materials
- Block
- Roof type
- Composition
Listing agency
Keller Williams Realty Acadiana
(337) 735-9300
Listed by
Nah Senpeng · License #99562982
(337) 349-8869
Added: May 24, 2025 Updated: May 13 at 3:17PM Checked: Jul 22 at 6:06PM
MLS# 2020024186
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 is a turnkey 12-plex located in an Opportunity Zone. The property features eleven 1-bedroom units and one 2-bedroom unit. The single-story complex has been fully renovated and is designed for easy management and long-term durability, featuring concrete and cinder block construction. The property is low maintenance and ready to generate income immediately. The complex contains 5712 square feet. Showings are available by appointment only.
Key Highlights
- Turnkey 12‑Plex: Ready to generate income immediately.
- Fully Renovated: Modern updates throughout the complex.
- Opportunity Zone: Potential tax benefits for investors.
Local 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 | $68.5k | $12.00 |
| − Vacancy | −$5.1k | −$0.90 |
| EGI | $63.4k | $11.10 |
| − OpEx | −$28.5k | −$5.00 |
| NOI | $34.9k | $6.11 |
5,712 SF · lease $12.00/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$944.7K
$826.6K – $1.10M
NOI $66,131 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Newly remodeled 12-unit complex, ready to generate income.
Where is this apartment building located?
The property is located at 314 Deare Street New Iberia, LA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Turnkey 12‑Plex: Ready to generate income immediately.; Fully Renovated: Modern updates throughout the complex.; Opportunity Zone: Potential tax benefits for investors.
