Turnkey Quadplex
For Sale
$304,000
902 Domingue Street, Scott, LA 70583
MULTI_FAMILY - Scott, LA
Property Size3,407 SF
Price / SF$89.23
Days on Market38
Property Features for 902 Domingue Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 10, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 9, Bedroom 3
Parking
8
Fencing
Chain Link
Appliances
Refrigerator, Electric Range
Elementary school
Westside
Middle school
Scott
High school
Acadiana
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
From Cameron St, turn onto Sunset Street, and turn right onto Domingue. Houses will be on the left.
Subdivision
C
Standard status
Active
APN
6065827
Size
3,407 SF
Taxes and HOA fees
Tax Description
TR 1 SEC 79 T10S R4E (04254 AC)(1999-43890 PLAT)
Legal Description
TR 1 SEC 79 T10S R4E (04254 AC)(1999-43890 PLAT)
Utilities
Heating system
Wall Furnace, Central
Cooling system
Central Air
Water source
Public
Building Details
Number of units
4
Flooring type
Laminate, Wood
Building materials
Brick, Wood Siding
Roof type
Composition, Metal
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Jamie Knight · License #69168
(337) 654-3174
Added: Jul 17
Changed: Jul 25
Last Checked: Aug 23 at 12:06AM
MLS# 2600006596
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 turnkey residential income property includes four units on Domingue Street, presented as an investment portfolio asset. The unit mix consists of two 2-bedroom/1-bath homes and two 3-bedroom/1-bath homes.
Each unit is currently rented, contributing $3,425 in total monthly rental income based on the provided rent roll. Specific rents listed include $800 for 902 Domingue (2 bed/1 bath), $1,050 for 906 Domingue (3 bed/1 bath), $875 for 910 Domingue (2 bed/1 bath), and $700 for 910 1/2 Domingue (3 bed/1 bath).
Full financial information, including lease copies, insurance cost estimates, property taxes, and expenses, is available upon request. The listing also notes these homes are part of a larger portfolio of investment rental properties offered for sale, with additional properties expected to be made available.
Each unit is currently rented, contributing $3,425 in total monthly rental income based on the provided rent roll. Specific rents listed include $800 for 902 Domingue (2 bed/1 bath), $1,050 for 906 Domingue (3 bed/1 bath), $875 for 910 Domingue (2 bed/1 bath), and $700 for 910 1/2 Domingue (3 bed/1 bath).
Full financial information, including lease copies, insurance cost estimates, property taxes, and expenses, is available upon request. The listing also notes these homes are part of a larger portfolio of investment rental properties offered for sale, with additional properties expected to be made available.
Key Highlights
- Four rental units on Domingue: 2 bed/1 bath, 3 bed/1 bath, 2 bed/1 bath, and 3 bed/1 bath
- Current total monthly rental income is $3,425 ($800, $1,050, $875, and $700)
- Homes include electric range and refrigerator; flooring includes laminate and wood
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,829
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$516,580
$516.6K
Cap Rate 7%
$368,986
$369.0K
Cap Rate 9%
$286,989
$287.0K
Market Conditions
NOI Build-Up for 3,407 SF
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.
Gross rent
$41.3K $12.12/SF
− Vacancy
−$4.4K −$1.29/SF
EGI
$36.9K $10.83/SF
− OpEx
−$11.1K −$3.25/SF
NOI
$25.8K $7.58/SF
Area
Lafayette County, LA
Vacancy
10.64%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$516,580
Cap Rate 7%
$368,986
Cap Rate 9%
$286,989
Alternative Uses
Best Use
Multifamily LT 5
$369.0K
$322.9K – $430.5K
NOI $25,829 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$319.5K
$279.6K – $372.7K
NOI $22,364 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$805.5K
$704.8K – $939.8K
NOI $56,387 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 70583, LA
11,981
Population
4,476
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
82%
High-School Grad
28.4 sq mi
ZIP Area
422
Density / Sq Mi
$52,856
Median Household Income
$45,131
Median Earnings
$877
Median Rent
$130,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential income units on Domingue Street are currently rented, providing $3,425 in combined monthly rent.
Where is this quadplex located?
The property is located at 902 Domingue Street Scott, LA.
What is the asking price?
The asking price for this property is $304,000.
What are key features of this property?
This property features: Four rental units on Domingue: 2 bed/1 bath, 3 bed/1 bath, 2 bed/1 bath, and 3 bed/1 bath; Current total monthly rental income is $3,425 ($800, $1,050, $875, and $700); Homes include electric range and refrigerator; flooring includes laminate and wood
