Residential Income Property with
106 Seville Boulevard, Lafayette, LA 70503
New
MULTI_FAMILY - Lafayette, LA
Property size:
2,379 SFLot size:
0.18 AcresPrice / SF:
$138/SF- Added:
- Jun 30, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 5 at 5:06 am
Property Features for 106 Seville Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS-1
- Bedrooms
- 4
- Rooms
- Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2
- Parking
- 3
- Parking features
- On Street
- Patio and Porch features
- Deck
- Interior features
- High Ceilings, 9+ Ft Ceiling
- Exterior features
- Balcony, Balcony, Deck
- Fencing
- Chain Link
- Appliances
- Dishwasher, Dryer, Refrigerator, Electric Range
- Standard status
- Active
- APN
- 6056450
- Size
- 2,379 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- SW P LOT 4 ALL LOT 5 & NE P LOT 6 BLK D ARBOLADOADD (68.40X113.83X 59.80X117.94)
Utilities
- Heating system
- Wall Furnace, Electric (Heating), Central
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Laminate, Wood
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agent Brennan Billeaud License #0000069755 (337) 654-2591
Listing office Compass 2000 Kaliste Saloom, Ste. 101, LA (337) 233-9700
Listing date Jun 30, 2026
MLS# 2600005971
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
- 1,435‑SF main home in the historic Arbolada Subdivision with 2 bedrooms, 2 bathrooms, original wood floors, and a wood‑burning fireplace
- Includes a leased two‑story duplex with two separate 1‑bedroom units: Unit A (360 SF) and Unit B (584 SF)
- Current rental income totals $2,950/month: Unit 106 $1,400/mo, Unit A $700/mo, and Unit B $850/mo
- Landlord pays water, sewer, and electric for units A & B; tenant pays utilities for unit 106
- Bright sunroom with floor‑to‑ceiling windows and a formal dining room in the main home
- Large brick deck and balcony/deck areas; chain‑link fencing; central air and central electric heating
Overview
106 Seville Boulevard combines a 1,435-square-foot main home with original wood floors, a wood-burning fireplace, a formal dining room, and a bright sunroom featuring floor-to-ceiling windows. The main home offers 2 bedrooms and 2 bathrooms. The property also includes a leased two-story duplex with two separate one-bedroom units, providing an on-site mix of living space and rental arrangements. A large brick deck overlooks the private backyard, which includes direct gated access to the nearby university. Shared washer/dryer service is provided for all units.
The property is located in the historic Arbolada Subdivision and near the University of Louisiana, downtown Lafayette, the Mardi Gras parade route, and schools. While specific frontage and street details are not provided, the site includes a private backyard and deck configured for outdoor use.
For tenants or owner-occupants, this setup can support living in the main home while maintaining rental income from the duplex units. Current rent is reported at $1,400 per month for Unit 106, with $700 per month for Unit A and $850 per month for Unit B, totaling $2,950 per month. The landlord pays water, sewer, and electric for Units A and B, while the tenant for Unit 106 is responsible for their own utilities.
The property is located in the historic Arbolada Subdivision and near the University of Louisiana, downtown Lafayette, the Mardi Gras parade route, and schools. While specific frontage and street details are not provided, the site includes a private backyard and deck configured for outdoor use.
For tenants or owner-occupants, this setup can support living in the main home while maintaining rental income from the duplex units. Current rent is reported at $1,400 per month for Unit 106, with $700 per month for Unit A and $850 per month for Unit B, totaling $2,950 per month. The landlord pays water, sewer, and electric for Units A and B, while the tenant for Unit 106 is responsible for their own utilities.
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 | $42.5k | $17.88 |
| − Vacancy | −$10.7k | −$4.52 |
| EGI | $31.8k | $13.36 |
| − OpEx | −$9.5k | −$4.01 |
| NOI | $22.3k | $9.35 |
2,379 SF · lease $17.88/SF/yr · vacancy 25.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.9K
$278.1K – $370.9K
NOI $22,251 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$288.1K
$252.1K – $336.1K
NOI $20,168 @ 7.0% cap · market cap 6.11%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.023886
- Latitude
- 30.211267
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Main home plus a leased two-story duplex with separate one-bedroom units and shared laundry.
Where is this duplex 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 home in the historic Arbolada Subdivision with 2 bedrooms, 2 bathrooms, original wood floors, and a wood‑burning fireplace; Includes a leased two‑story duplex with two separate 1‑bedroom units: Unit A (360 SF) and Unit B (584 SF); Current rental income totals $2,950/month: Unit 106 $1,400/mo, Unit A $700/mo, and Unit B $850/mo
