Upgraded Quadplex
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 Market47
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
Changed: Oct 6
Last Checked: Oct 7 at 3:58PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / 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
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
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
