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    616 W St Louis Lafayette, LA 70506

    View on Map
    For Sale
    $230,000

    MULTI_FAMILY - Lafayette, LA

    Property size:
    2,807 SF
    Added:
    Oct 9, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 616 W St Louis

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4
    Parking
    6
    Parking features
    Garage, Carport
    Standard status
    Active
    APN
    6036060
    Size
    2,807 SF

    Taxes and HOA fees

    TaxDescription
    LOTS 17, 18, 19 OF OAKLAWN EXTENSIONS

    Utilities

    Heating system
    Wall Furnace, Central
    Cooling system
    Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    3
    Building materials
    Asbestos, Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Michael Carr
    Michael Carr

    Listing agent Michael Carr License #0995701322

    Listing office Real Broker, LLC 300 Rue Beauregard, Unit I, Baton Rouge, LA

    Listing date Oct 9, 2025

    MLS# 2500004404 Listing URL

    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.

    Overview

    Lafayette Triplex Investment Opportunity

    Located in the Saint Street area of Lafayette, this fully occupied triplex offers an investment opportunity. The property is situated minutes from UL Lafayette, downtown, and local amenities. The gross monthly income is $2600, with Unit A at $1100, Unit B at $950, and Unit C at $600. The main structure contains two units. Unit A, downstairs, is 1,268 square feet with 2 bedrooms and 1 bathroom, central HVAC (interior unit replaced about 1 year ago), a private laundry room, and an attached 433-square-foot carport/garage. Unit B, upstairs, is 927 square feet with 2 bedrooms and 1 bathroom, AC/heat window units, and shared access to a laundry room and utilities with Unit C. A separate 439-square-foot studio, Unit C, is located in the landscaped backyard and includes 1 bedroom and 1 bathroom, AC/heat window units, and shared laundry and utility services with Unit B. Each unit has a private entrance. The rear yard is fully fenced, shaded, and landscaped. The total dwelling square footage is 2,634, with a total of 3,067 square feet including the carport/garage. There are 6 bedrooms and 4 bathrooms in total. Tenants are responsible for their own utilities, with shared water/wastewater usage between Units B & C. The property has potential for increased rental income or long-term value growth. The property size is 2,807 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.03792
    Latitude
    30.231822

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    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex near UL Lafayette with strong rental history.
    Where is this triplex located?
    The property is located at 616 W St Louis Lafayette, LA.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Fully occupied triplex in the desirable Saint Street area, offering immediate rental income.; Strong rental history with a gross monthly income of $2600.; Prime location minutes from UL Lafayette, downtown, and local amenities.
    (337) 322-9160
    We can help!
    Listing Contact
    Michael Carr
    Michael Carr
    Real Estate License ID: 0995701322
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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