4-Unit Residential
For Sale
$320,000
1060 W Main Street, New Iberia, LA 70560
Multifamily, New Iberia, LA
Property Size4,163 SF
Lot Size0.77 Acres
Price / SF$76.87
Days on Market141
Property Features for 1060 W Main Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R2, R5
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Parking
8
Parking features
Parking Lot, Covered, Carport
Patio and Porch features
Patio, Porch
Interior features
High Ceilings
Exterior features
Lighting, Storage
Fencing
Chain Link
Appliances
Electric Range, Gas Range, Refrigerator, Electric Stove Connection, Gas Stove Connection, Electric Range, Gas Range, Refrigerator, Electric Stove Connection, Gas Stove Connection
Lot features
Level
Elementary school
Park
Middle school
Anderson
High school
Westgate
Elementary school district
Iberia Parish
Middle school district
Iberia Parish
High school district
Iberia Parish
Directions
From Main Street downtown towards Lafayette home on the right hand side just before North Street
Subdivision
I1
Standard status
Active
APN
0500763000
Size
4,163 SF
Lot size
0.77 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
1-50 X 102/100 ITEM 2 NORTH ST, KAHN, HARRINGTON, TRAHAN IMP. (210 NORTH ST) ITEM 5 1-99/102 X 169/164 (see docs)
Tax Annual Amount
900
Legal Description
1-50 X 102/100 ITEM 2 NORTH ST, KAHN, HARRINGTON, TRAHAN IMP. (210 NORTH ST) ITEM 5 1-99/102 X 169/164 (see docs)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Number of units
4
Flooring type
Laminate, Wood
Building materials
Brick, Frame, Wood Siding, Asbestos Siding
Roof type
Metal
Additional Structures
Storage, Guest House
Listing Agency:
Home Realty of Acadiana
(337) 456-1883
Listed By:
Tim Breaux · License #912122839
(337) 577-4663
Added: Jun 11
Changed: Oct 28
Last Checked: Oct 29 at 6:06AM
MLS# 2600005302
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 4,163-square-foot property includes four occupied rental units on a 0.77-acre lot. The front, split two-story home contains two 2-bedroom, 1-bath units. A garage apartment provides 1 bedroom and 1 bath, while the remaining unit has 2 bedrooms and 1 bath.
Property features include covered parking and a parking lot, along with a patio, porch, storage, and chain-link fencing. Zoning designations listed for the property are R2 and R5. Public water and sewer serve the site.
Property features include covered parking and a parking lot, along with a patio, porch, storage, and chain-link fencing. Zoning designations listed for the property are R2 and R5. Public water and sewer serve the site.
Key Highlights
- Four occupied rental units on a 0.77‑acre lot
- 4,163 square feet of property area
- Unit mix: three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,049
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,980
$541.0K
Cap Rate 7%
$386,414
$386.4K
Cap Rate 9%
$300,544
$300.5K
Market Conditions
NOI Build-Up for 4,163 SF
Gross rent
$42.5K $10.20/SF
− Vacancy
−$3.8K −$0.92/SF
EGI
$38.6K $9.28/SF
− OpEx
−$11.6K −$2.78/SF
NOI
$27.0K $6.50/SF
Area
Iberia County, LA
Vacancy
9.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,980
Cap Rate 7%
$386,414
Cap Rate 9%
$300,544
Alternative Uses
Best Use
Multifamily LT 5
$386.4K
$338.1K – $450.8K
NOI $27,049 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$363.1K
$317.7K – $423.6K
NOI $25,415 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$688.5K
$602.5K – $803.3K
NOI $48,198 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four rental units are occupied, with a mix of two- and one-bedroom layouts.
Where is this quadplex located?
The property is located at 1060 W Main Street New Iberia, LA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Four occupied rental units on a 0.77‑acre lot; 4,163 square feet of property area; Unit mix: three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
