Multifamily Property With Leased
For Sale
$330,000
Pending
106 Seville Boulevard, Lafayette, LA 70503
Main residence and two-story duplex create a three-unit property with gated access to the nearby university.
Property Size2,379 SF
Days on Market90
Property Features for 106 Seville Boulevard
General Information
Standard status
Pending
Size
2,379 SF
Property subtype
Multi-Family
Listing Agency:
Compass
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Source:
Athomerealtyla
Added: Jul 26
Changed: Oct 16
Last Checked: Oct 21 at 1:48AM
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 Compass
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Investment Insights
Based on property information with market context.
This multifamily property combines a 1,435-square-foot main residence with a leased two-story duplex containing two separate one-bedroom units. The primary home includes two bedrooms, two bathrooms, original wood flooring, a wood-burning fireplace, formal dining space, and a sunroom with floor-to-ceiling windows. A brick deck extends toward the private backyard, which provides gated access to the nearby university.
The duplex units measure 360 square feet and 584 square feet, bringing the property’s total size to 2,379 square feet. Shared laundry equipment serves all three units. The property is situated in the historic Arbolada Subdivision near the University of Louisiana, downtown Lafayette, the Mardi Gras parade route, and area schools.
The duplex units measure 360 square feet and 584 square feet, bringing the property’s total size to 2,379 square feet. Shared laundry equipment serves all three units. The property is situated in the historic Arbolada Subdivision near the University of Louisiana, downtown Lafayette, the Mardi Gras parade route, and area schools.
Key Highlights
- 1,435 SF main residence with 2 bedrooms and 2 bathrooms
- Leased two‑story duplex with separate 1‑bedroom units
- Total property size is 2,379 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,168
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,360
$403.4K
Cap Rate 7%
$288,114
$288.1K
Cap Rate 9%
$224,089
$224.1K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$50.0K $21.00/SF
− Vacancy
−$13.3K −$5.59/SF
EGI
$36.7K $15.41/SF
− OpEx
−$16.5K −$6.94/SF
NOI
$20.2K $8.48/SF
Area
Lafayette, LA
Vacancy
26.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,360
Cap Rate 7%
$288,114
Cap Rate 9%
$224,089
Alternative Uses
Best Use
Apartment 5plus
$288.1K
$252.1K – $336.1K
NOI $20,168 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.5K
$492.2K – $656.2K
NOI $39,373 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,889
Businesses Nearby
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Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Main residence and two-story duplex create a three-unit property with gated access to the nearby university.
Where is this multifamily property located?
The property is located at 106 Seville Boulevard Lafayette, LA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,435 SF main residence with 2 bedrooms and 2 bathrooms; Leased two‑story duplex with separate 1‑bedroom units; Total property size is 2,379 square feet
