Upgraded Quadplex
New
For Sale
$320,000
1060 W Main Street A-c, New Iberia, LA 70560
Four occupied rental units feature varied layouts and improvements completed by the seller.
Property Size4,163 SF
Price / SF$76.87
Days on Market2
Property Features for 1060 W Main Street A-c
General Information
Standard status
Active
Size
4,163 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
4
Listing Agency:
Home Realty of Acadiana
Listed By:
Tim Breaux · License #912122839
(337) 857-0411
Source:
Athomerealtyla
Added: Sep 1
Last Checked: Sep 1 at 10:11PM
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 Home Realty of Acadiana
Investment Insights
Based on property information with market context.
This quadplex contains four rental units within 4,163 square feet. The front residence is configured as a split-level, two-story structure with two separate units, each offering two bedrooms and one bathroom. A garage apartment adds a one-bedroom, one-bath layout, while the fourth unit provides two bedrooms and one bathroom. The property includes upgrades completed by the seller, and all four units are currently occupied. The unit mix provides a combination of two- and one-bedroom floor plans within a single multifamily property.
Key Highlights
- Four rental units totaling 4,163 square feet
- All units are currently occupied
- Front structure contains two 2‑bedroom, 1‑bath units
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
$27,049
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
8.45%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied rental units feature varied layouts and improvements completed by the seller.
Where is this quadplex located?
The property is located at 1060 W Main Street A-c 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 rental units totaling 4,163 square feet; All units are currently occupied; Front structure contains two 2‑bedroom, 1‑bath units
