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    510 Madison St Lafayette, LA 70501

    For Sale
    $295,000

    Quadruplex - Lafayette, LA

    Type:Quadruplex
    Property size:
    2,890 SF
    Days on Market:
    179
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 510 Madison St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Parking
    8
    Appliances
    Refrigerator
    Size
    2,890 SF

    Utilities

    Heating system
    Central
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Floors in Building
    2
    Number of units
    4
    Flooring type
    Wood
    Architectural style
    Other

    HUNCO Real Estate, LLC (337) 889-5711 [email protected]

    Listing agent William Raines (337) 889-5711

    Listing date Jun 12, 2025

    MLS# 2500000133 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

    Downtown Lafayette Quadruplex Investment Opportunity

    This 2,890 square foot, 4-plex property in downtown Lafayette offers value-add investment potential. The property contains two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. The property currently generates $30,360 in annual rental income. There is an opportunity to increase returns to approximately $35,580 yearly with appropriate adjustments. The property is within walking distance of Parc Sans Souci, Parc International, and the Lafayette Public Library Main Branch. The Acadiana Center for the Arts and Festival International are also nearby. A variety of restaurants offering authentic Cajun cuisine and diverse dining options are located close to the property. Each unit has washer and dryer connections. The units were rewired in 2007, and the plumbing has been upgraded over the years. This multi-family home offers income potential and quality living space in a desirable neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0200417
    Latitude
    30.228976

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    FAQs

    What type of property is this?
    Quadplex - Spacious 4-plex in downtown Lafayette with value-add potential.
    Where is this quadplex located?
    The property is located at 510 Madison St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Value-add 4-plex investment property in downtown Lafayette.; - Opportunity to increase annual rental income.; - Prime location within walking distance of Parc Sans Souci, Parc International, and the Lafayette Public Library.
    (337) 889-5711
    Request Owner's contact information
    510 Madison St Lafayette, LA 70501
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    Lafayette, LA 70501
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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
    510 Madison St Lafayette, LA 70501
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