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    406 Fontelieu Dr New Iberia, LA 70560

    For Sale
    $150,000

    Multi Family - New Iberia, LA

    Type:Multi Family
    Property size:
    1,927 SF
    Days on Market:
    37
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 406 Fontelieu Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Kitchen
    Parking
    6
    Parking features
    Assigned, Covered
    Interior features
    Cable Available, Cable Ready, Ceiling Fans
    Exterior features
    Fence, Rv/Boat Storage, Sheds(s), Storage
    Fencing
    Fenced
    Appliances
    Dryer, Refrigerator
    Size
    1,927 SF

    Utilities

    Utilities
    Cable Available, Cable Connected
    Heating system
    Other (Heating)
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Floors in Building
    2
    Number of units
    4
    Flooring type
    Concrete
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s), Storage

    Dwight W. Andrus Real Estate (337) 989-1112 [email protected]

    Listing agent Claire Disch (337) 534-0900

    Listing date Oct 31, 2025

    MLS# 2020022614 Listing URL

    Copyright © 2025 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.

    Overview

    Income-Producing Multi-Family Investment Opportunity

    This income-producing property features four rental units, currently generating $1,950 per month with 100% occupancy. The property is situated on a 195-foot wide by 134-foot deep lot, offering potential for expansion or redevelopment. The first unit is a 3-bedroom, 1-bath brick home on a slab with a long-term tenant. The property also includes a triplex with two downstairs studio apartments and one upstairs unit. A shared laundry area serves all four tenants, although the house also has hookups. The property offers potential for an owner-occupant or landlord. The 1,927 square foot property was previously used as a mechanic shop and includes large covered bays that could be converted into a car wash, auto detailing service, workshop, or storage facility. Located in New Iberia, Louisiana, this property is suited for an investor or entrepreneur seeking cash flow, redevelopment opportunities, or business use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.7966271
    Latitude
    29.9868066

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    FAQs

    What type of property is this?
    Quadplex - Four rental units with steady cash flow and redevelopment potential.
    Where is this quadplex located?
    The property is located at 406 Fontelieu Dr New Iberia, LA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - High Income Potential: Generates $1,950 per month with 100% occupancy, providing immediate cash flow.; - Large Lot Size: Situated on a spacious 195' x 134' lot, offering room for expansion or redevelopment.; - Four Rental Units: Includes a 3-bedroom house and a triplex (two studios and one unit), maximizing rental income.
    (337) 534-0900
    Request Owner's contact information
    406 Fontelieu Dr New Iberia, LA 70560
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    New Iberia, LA 70560
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    Realmo Value Estimation

    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.

    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.

    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
    406 Fontelieu Dr New Iberia, LA 70560
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