Turnkey Courtyard
103 S Southlawn Drive Lafayette, LA 70503
103 S Southlawn Drive, Lafayette, LA, 70503
$749,900
For Sale
$749,900
MULTI_FAMILY - Lafayette, LA
Property Size3,364 SF
Price / SF$222.92
Days on Market225
Property Features for 103 S Southlawn Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 7, Bedroom 6, Bathroom 4, Bathroom 1
- Parking
- 8
- Parking features
- Carport, Covered
- Window features
- Window Treatments
- Patio and Porch features
- Patio, Porch
- Interior features
- High Ceilings, Beamed Ceilings, 9+ Ft Ceiling, Window Treatments, Beamed Ceilings, Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
- Exterior features
- Lighting, Outside Light, Porch, Patio
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Range
- Standard status
- Active
- APN
- 6027497
- Size
- 3,364 SF
Taxes and HOA fees
- Tax Description
- Lots 1-2-3-4-5 Minglewood Park Sub
Utilities
- Heating system
- Central, Natural Gas, Electric (Heating)
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Number of units
- 3
- Flooring type
- Wood, Laminate
- Building materials
- Brick, Wood Siding
- Roof type
- Composition
- Additional Structures
- Residence
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 17 at 1:06 pm
MLS# 2500006027
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.
Investment Insights
Based on property information with market context.
This renovated three-unit triplex is designed for short-term rental use, with each unit set up as a complete guest space. The property includes three separate units that share a large courtyard, creating a common outdoor area for guests. Interiors are described as meticulously updated with modern comfort and style, and each unit is offered with furnishings, decor, and appliances included, supporting an immediate, turnkey setup.
The home is located at 103 S Southlawn Drive in Lafayette, Louisiana (70503). The property is presented as a cohesive multifamily offering suitable for operators seeking a small portfolio structure with multiple independent units under one ownership.
With a total sleep capacity of 18 guests across the three units, the layout is particularly aligned with group stays and larger gatherings where multiple sleeping areas are needed. For a buyer or operator, the most practical takeaway is the readiness for guest occupancy as described: furnished interiors, included appliances, and a shared courtyard configuration within a fully renovated triplex.
The home is located at 103 S Southlawn Drive in Lafayette, Louisiana (70503). The property is presented as a cohesive multifamily offering suitable for operators seeking a small portfolio structure with multiple independent units under one ownership.
With a total sleep capacity of 18 guests across the three units, the layout is particularly aligned with group stays and larger gatherings where multiple sleeping areas are needed. For a buyer or operator, the most practical takeaway is the readiness for guest occupancy as described: furnished interiors, included appliances, and a shared courtyard configuration within a fully renovated triplex.
Key Highlights
- Turnkey Short‑Term Rental: Fully furnished and equipped, ready for immediate income.
- High Guest Capacity: Accommodates up to 18 guests, maximizing rental potential.
- Multiple Units: Features 3 separate units sharing a courtyard, offering flexibility.
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
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated three-unit triplex with a shared courtyard and furnished, appliance-ready interiors for guest stays.
Where is this triplex 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: Turnkey Short‑Term Rental: Fully furnished and equipped, ready for immediate income.; High Guest Capacity: Accommodates up to 18 guests, maximizing rental potential.; Multiple Units: Features 3 separate units sharing a courtyard, offering flexibility.
