Building Details

Buildings 3

Listing Agency: Caffery Real Estate, Inc.

Listed By: Katie I LaBauve Show Phone

Source: Athomerealtyla

Added: Jul 20 Changed: Oct 9 Last Checked: Oct 7 at 2:30PM

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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 Caffery Real Estate, Inc.

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Investment Insights

Based on property information with market context.

This triplex property includes three separate homes on one parcel. The residence along the road is an older cypress home with three bedrooms, two bathrooms, a screened front porch, and a shaded yard. Two additional homes are positioned toward the rear of the parcel; each offers two bedrooms and one bathroom. The rear residences feature vinyl siding and share a storage building.

The two rear homes are currently rented. The property is located near Hwy 90 and Hwy 182, with access to Broussard, Youngsville, Lafayette, and New Iberia. The configuration combines multiple residential structures with distinct layouts and shared site features.

Key Highlights

• Three separate homes located on one parcel
• Front residence includes 3 bedrooms, 2 bathrooms, a screened porch, and a shaded yard
• Two rear residences each feature 2 bedrooms and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,946

Cap Rate

7.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$358,920 $358.9K

Cap Rate 7%

$256,371 $256.4K

Cap Rate 9%

$199,400 $199.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,734 SF

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 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 (±1% cap)

NOI $20,727 @ 7.0% cap · market cap 9.21%

Second Best

Apartment 5plus

$256.4K

$224.3K – $299.1K (±1% cap)

NOI $17,946 @ 7.0% cap · market cap 7.98%

Theoretical Best

Office A

$646.4K

$565.6K – $754.2K (±1% cap)

NOI $45,249 @ 7.0% cap · market cap 20.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Plumbing Service Garden Center Parking Lot & Garage Auto Parts Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three separate residences share one parcel, including a frontage home with a screened porch and two rear dwellings with vinyl siding.

Where is this triplex located?

The property is located at 1033 /1035 Vieux Jacquet Road A - B 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 separate homes located on one parcel; Front residence includes 3 bedrooms, 2 bathrooms, a screened porch, and a shaded yard; Two rear residences each feature 2 bedrooms and 1 bathroom