Renovated Triplex with
103 S Southlawn Drive Lafayette, LA 70503
103 S Southlawn Drive, Lafayette, LA, 70503
$749,900
For Sale
$749,900
COMMERCIAL - Lafayette, LA
Property Size3,364 SF
Lot Size0.38 Acres
Price / SF$222.92
Days on Market224
Property Features for 103 S Southlawn Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RM1
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 5
- Parking
- 8
- Parking features
- Covered, Off Street
- Standard status
- Active
- APN
- 6027497
- Size
- 3,364 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Description
- Lots 1-2-3-4-5 Minglewood Park Sub
Utilities
- Heating system
- Natural Gas, Electric (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Wood, Tile - Ceramic, Tile
- Roof type
- Composition
Listing Agency
Atlas Realty of Acadiana
(337) 504-7414
105 Muirfield Ct., Broussard, LA
Listed by
Kurt Reaux · License #995704647
(337) 257-2455
Added: Dec 4, 2025 Checked: Jul 16 at 7:06 pm
MLS# 2500006026
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 renovated triplex contains three separate units that share a large courtyard. Each unit is presented as turnkey for short-term stays, with stylish furnishings and decor included along with appliances. The property is described as fully updated down to the details for modern comfort.
The home is located at 103 S Southlawn Drive in Lafayette, Louisiana 70503, within RM1 zoning. The listing identifies the overall property size as 3,364 square feet and notes that the combined sleep capacity across the three units is 18 guests, supporting group-oriented arrangements.
For operators and investors focused on short-term rental management, the layout and inclusions are intended to reduce onboarding work, since the units are offered with furniture, decor, and appliances already in place. The shared courtyard also provides a common outdoor area for guests within the three-unit configuration. This is a straightforward option for anyone seeking a renovated, multi-unit property designed to start serving short-term stays immediately.
The home is located at 103 S Southlawn Drive in Lafayette, Louisiana 70503, within RM1 zoning. The listing identifies the overall property size as 3,364 square feet and notes that the combined sleep capacity across the three units is 18 guests, supporting group-oriented arrangements.
For operators and investors focused on short-term rental management, the layout and inclusions are intended to reduce onboarding work, since the units are offered with furniture, decor, and appliances already in place. The shared courtyard also provides a common outdoor area for guests within the three-unit configuration. This is a straightforward option for anyone seeking a renovated, multi-unit property designed to start serving short-term stays immediately.
Key Highlights
- Completely renovated property in Lafayette with 3 separate units that share a large courtyard
- Three‑unit setup with sleeping capacity for up to 18 guests
- Central heating and central air, plus natural gas and electric (heating) as heating sources
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.1k | $17.88 |
| − Vacancy | −$15.2k | −$4.52 |
| EGI | $44.9k | $13.36 |
| − OpEx | −$13.5k | −$4.01 |
| NOI | $31.5k | $9.35 |
3,364 SF · lease $17.88/SF/yr · vacancy 25.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.5K
$393.3K – $524.4K
NOI $31,464 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$407.4K
$356.5K – $475.3K
NOI $28,519 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$795.4K
$696.0K – $927.9K
NOI $55,676 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Short term rental property - Renovated three-unit triplex with a shared courtyard and turnkey furnishings, appliances, and group-ready sleeping capacity.
Where is this short term rental property located?
The property is located at 103 S Southlawn Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Completely renovated property in Lafayette with 3 separate units that share a large courtyard; Three‑unit setup with sleeping capacity for up to 18 guests; Central heating and central air, plus natural gas and electric (heating) as heating sources
