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    Three-Home Residential Income Property Title is generated by Realmo AI

    1033/1035 Vieux Jacquet Road, Broussard, LA 70518

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    For Sale
    $250,000

    MULTI_FAMILY - Broussard, LA

    Property size:
    2,734 SF
    Price / SF:
    $91/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 1033/1035 Vieux Jacquet Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
    Parking
    4
    Parking features
    Covered
    Patio and Porch features
    Deck, Porch
    Interior features
    Electric Stove Connection
    Exterior features
    Deck, Porch
    Appliances
    Dryer, Refrigerator, Washer, Electric Range
    Standard status
    Active
    APN
    18202a2561
    Size
    2,734 SF

    Taxes and HOA fees

    Tax Description
    to be determined

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    3
    Flooring type
    Vinyl, Wood
    Building materials
    Wood Siding
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Katie I LaBauve

    Listing agent Katie I LaBauve License #29166

    Listing office Caffery Real Estate, Inc. 1105 Parkview Drive Ste.1, New Iberia, LA

    Listing date Jun 2, 2026

    MLS# 2600004865 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.

    HighLights

    • Three homes on one parcel: includes a 3‑bedroom, 2‑bath main home and two additional 2‑bedroom, 1‑bath homes
    • Current rents: 1033 at $1,000; 1035A at $800; 1035B at $750
    • Rear homes have vinyl siding and share a storage building
    • Main home with road frontage (1033) features a screened front porch
    • Utilities: public water with septic tank sewer for the property
    • Central heating and central air; covered parking plus porch and deck

    Overview

    This offering features three separate homes on one parcel of land, currently positioned to produce income. The two homes set to the rear are both rented and have been well maintained, including vinyl siding and a shared storage building. The home with road frontage offers a classic older cypress exterior and includes three bedrooms and two baths, along with a screened front porch and a shady yard.

    The property sits in a convenient area with easy access to Broussard, Youngsville, Lafayette, and New Iberia, and it is close to Highway 90 and Highway 182. The setup combines a primary road-facing residence with two back homes configured for rental use.

    With three dwellings under one ownership, this is well suited for investors seeking an income-producing residential portfolio on a single parcel, as well as buyers who want to offset ownership costs through current tenancy. The strong in-place rental structure includes reported monthly rents of $1,000 for 1033, $800 for 1035A, and $750 for 1035B.

    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 $33.1k $12.12
    − Vacancy −$3.5k −$1.29
    EGI $29.6k $10.83
    − OpEx −$8.9k −$3.25
    NOI $20.7k $7.58
    2,734 SF · lease $12.12/SF/yr · vacancy 10.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $296.1K
    $259.1K – $345.5K (±1% cap)
    NOI $20,727 @ 7.0% cap · market cap 8.29%
    Second Best
    Apartment 5plus
    $256.4K
    $224.3K – $299.1K (±1% cap)
    NOI $17,946 @ 7.0% cap · market cap 7.18%
    Theoretical Best
    Office A
    $646.4K
    $565.6K – $754.2K (±1% cap)
    NOI $45,249 @ 7.0% cap · market cap 18.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.926022
    Latitude
    30.099519

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    FAQs

    What type of property is this?
    Triplex - Three homes on one parcel with two rented units, well-maintained exteriors, and strong rental income potential.
    Where is this triplex located?
    The property is located at 1033/1035 Vieux Jacquet Road Broussard, LA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Three homes on one parcel: includes a 3‑bedroom, 2‑bath main home and two additional 2‑bedroom, 1‑bath homes; Current rents: 1033 at $1,000; 1035A at $800; 1035B at $750; Rear homes have vinyl siding and share a storage building
    (337) 519-5290
    We can help!
    Listing Contact
    Katie I LaBauve
    Real Estate License ID: 29166
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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