Half Duplex Residential Income
For Sale
$169,000
Pending
101 Wadsworth Drive, Lafayette, LA 70503
Updated two-bedroom residence with flexible living space, included appliances, and a private fenced patio.
Property Size1,236 SF
Days on Market38
Property Features for 101 Wadsworth Drive
General Information
Standard status
Pending
Size
1,236 SF
Property subtype
Multi-Family
Building Details
Year Built
1983
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
The Gleason Group
(337) 262-7873
Source:
Gleasonla
Added: Sep 16
Changed: Oct 13
Last Checked: Oct 20 at 7:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Acadiana
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Investment Insights
Based on property information with market context.
This 1,236-square-foot half duplex, built in 1983, has received a new roof and gutters along with interior painting. The floor plan includes a large living room with a wood-burning fireplace, a dining area connected to the kitchen, and a snack bar. Kitchen features include substantial cabinet storage, pot drawers, backsplash, and countertops. The refrigerator, washer, and dryer are included.
The residence has two bedrooms and two full bathrooms, including an en suite bedroom with exterior access through double doors. Low-maintenance flooring runs throughout the home aside from the closets. A fenced open patio extends from the living room, with limited grass area for upkeep. The property is near Johnston Street, the Milton community, and a future roundabout connecting to Kaliste Saloom.
The residence has two bedrooms and two full bathrooms, including an en suite bedroom with exterior access through double doors. Low-maintenance flooring runs throughout the home aside from the closets. A fenced open patio extends from the living room, with limited grass area for upkeep. The property is near Johnston Street, the Milton community, and a future roundabout connecting to Kaliste Saloom.
Key Highlights
- 1,236 SF half duplex built in 1983
- New roof and gutters with fresh interior paint
- Two bedrooms and two full bathrooms, including an en suite bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,478
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,560
$209.6K
Cap Rate 7%
$149,686
$149.7K
Cap Rate 9%
$116,422
$116.4K
Market Conditions
NOI Build-Up for 1,236 SF
Gross rent
$26.0K $21.00/SF
− Vacancy
−$6.9K −$5.59/SF
EGI
$19.1K $15.41/SF
− OpEx
−$8.6K −$6.94/SF
NOI
$10.5K $8.48/SF
Area
Lafayette, LA
Vacancy
26.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,560
Cap Rate 7%
$149,686
Cap Rate 9%
$116,422
Alternative Uses
Best Use
Apartment 5plus
$149.7K
$131.0K – $174.6K
NOI $10,478 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.2K
$255.7K – $340.9K
NOI $20,456 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
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Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom residence with flexible living space, included appliances, and a private fenced patio.
Where is this residential income property located?
The property is located at 101 Wadsworth Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 1,236 SF half duplex built in 1983; New roof and gutters with fresh interior paint; Two bedrooms and two full bathrooms, including an en suite bedroom
