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    Racine Dr Lafayette, LA 70501

    For Sale
    $178,500

    Multi-Unit (5+) - Lafayette, LA

    Days on Market:
    25
    Last Refresh:
    Dec 11 at 8:06 pm

    Property Features for Racine Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    46
    APN
    6035368
    Parking features
    Garage

    Building Details

    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Brick, Vinyl Siding, Wood Siding
    Roof type
    Asphalt, Metal
    Architectural style
    Other

    Ethel Carter (337) 240-6163 [email protected]

    Listing agent Ethel Carter (337) 453-0494

    Listing date Nov 17, 2025

    MLS# 11599562 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Unit Investment Opportunity

    This offering includes a real estate package featuring a property on Racine Dr, one commercial property, two vacant lots (one unrestricted), and forty-six single-family homes. The single family homes, a mixture of two- and three-bedroom layouts, present an immediate income opportunity with existing rents ranging from $500 to $1,300 per month, totaling $31,700 in monthly collections. Some homes include central air and heat, and some have been recently renovated. Further renovation after tenant turnover could increase revenue. Located within the 70501 zip code, the properties benefit from proximity to approximately five private and eight public schools. The area offers convenient access to shopping, dining, healthcare, entertainment, golf courses, and city parks. A variety of employment opportunities are available in this zip code for workers at every level of education and experience. The listed price of $178,500 applies only to the Racine Dr. property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.999935
    Latitude
    30.243149

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    FAQs

    What type of property is this?
    Apartment building - Real estate package with residential and commercial properties for sale.
    Where is this apartment building located?
    The property is located at Racine Dr Lafayette, LA.
    What is the asking price?
    The asking price for this property is $178,500.
    What are key features of this property?
    This property features: - Real estate package includes a commercial property, two vacant lots, and 46 single-family homes.; - Immediate rental income: Collect rents from day one with a current total monthly collection of $31,700.00.; - Rental income potential: Rents range from $500-$1,300 per month with potential for increased income after renovations.
    (337) 453-0494
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    Racine Dr 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
    Racine Dr Lafayette, LA 70501
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