Triplex With Cypress
For Sale
$225,000
1033/1035 Vieux Jacquet Road, Broussard, LA 70518
Residential Income, Broussard, LA
Property Size2,734 SF
Price / SF$82.30
Days on Market92
Property Features for 1033/1035 Vieux Jacquet Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 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
Elementary school
St. Martin
Middle school
St. Martin Middle
High school
St Martinville
Elementary school district
St Martin Parish
Middle school district
St Martin Parish
High school district
St Martin Parish
Directions
Hwy 182 W from New Iberia. Left onto Duchamp Rd, take curve onto Vieux Jacquet property on the right.
Subdivision
M2
Standard status
Active
APN
18202a2561
Size
2,734 SF
Taxes and HOA fees
Tax Description
to be determined
Legal 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
Wood, Vinyl
Building materials
Wood Siding
Additional Structures
Storage
Listing Agency:
Caffery Real Estate, Inc.
(337) 367-7708
Listed By:
Katie I LaBauve · License #29166
(337) 519-5290
Added: Jun 2
Changed: Aug 21
Last Checked: Sep 1 at 7:06PM
MLS# 2600004865
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 triplex property contains three homes totaling 2,734 square feet on one parcel. The road-front residence at 1033 features three bedrooms, two bathrooms, a screened porch, wood construction, and a new mini-split unit. Its interior includes wood and vinyl flooring, while central heating and air conditioning serve the property. Covered parking, a deck, public water, and septic service are also included.
The two rear residences, identified as 1035A and 1035B, each offer two bedrooms and one bathroom. Both are currently rented and have vinyl siding, with access to a shared storage building. The property is positioned near Hwy 90 and Hwy 182, providing access to Broussard, Youngsville, Lafayette, and New Iberia.
The two rear residences, identified as 1035A and 1035B, each offer two bedrooms and one bathroom. Both are currently rented and have vinyl siding, with access to a shared storage building. The property is positioned near Hwy 90 and Hwy 182, providing access to Broussard, Youngsville, Lafayette, and New Iberia.
Key Highlights
- Three homes on one parcel totaling 2,734 square feet
- Road‑front 1033 home offers 3 bedrooms and 2 bathrooms
- Rear residences 1035A and 1035B each have 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$358,920
$358.9K
Cap Rate 7%
$256,371
$256.4K
Cap Rate 9%
$199,400
$199.4K
Market Conditions
NOI Build-Up for 2,734 SF
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.
Gross rent
$36.7K $13.44/SF
− Vacancy
−$4.1K −$1.51/SF
EGI
$32.6K $11.93/SF
− OpEx
−$14.7K −$5.37/SF
NOI
$17.9K $6.56/SF
Area
Lafayette County, LA
Vacancy
11.20%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$358,920
Cap Rate 7%
$256,371
Cap Rate 9%
$199,400
Alternative Uses
Best Use
Multifamily LT 5
$296.1K
$259.1K – $345.5K
NOI $20,727 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$256.4K
$224.3K – $299.1K
NOI $17,946 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,249 @ 7.0% cap · market cap 20.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 70518, LA
16,683
Population
6,724
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
41.7 sq mi
ZIP Area
400
Density / Sq Mi
$103,574
Median Household Income
$51,210
Median Earnings
$997
Median Rent
$287,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residences occupy one parcel, with the two rear homes currently rented.
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 $225,000.
What are key features of this property?
This property features: Three homes on one parcel totaling 2,734 square feet; Road‑front 1033 home offers 3 bedrooms and 2 bathrooms; Rear residences 1035A and 1035B each have 2 bedrooms and 1 bathroom
