Four-Unit Residential Income
1060 W Main Street, New Iberia, LA 70560
New
MULTI_FAMILY - New Iberia, LA
Property size:
4,163 SFLot size:
0.77 AcresPrice / SF:
$76/SF- Added:
- Jun 11, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 13 at 1:06 pm
Property Features for 1060 W Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2, R5
- Bedrooms
- 7
- Rooms
- Bedroom 7, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 1
- Parking
- 8
- Parking features
- Carport, Covered, Parking Lot
- Window features
- Window Treatments
- Patio and Porch features
- Patio, Porch
- Interior features
- High Ceilings, 9+ Ft Ceiling, Window Treatments, Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection, Gas Stove Connection
- Exterior features
- Lighting, Outside Light, Porch, Storm Doors, Patio
- Fencing
- Chain Link
- Appliances
- Refrigerator, Electric Range, Gas Range
- Standard status
- Active
- APN
- 0500763000
- Size
- 4,163 SF
- Lot size
- 0.77 Acres
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)
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Ceiling Fan(s), Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate, Wood
- Building materials
- Asbestos, Brick, Wood Siding
- Roof type
- Metal
- Additional Structures
- Residence
Listing agent Tim Breaux License #912122839 (337) 577-4663
Listing office Home Realty of Acadiana 109 Henderson Rd, Lafayette, LA (337) 456-1883
Listing date Jun 11, 2026
MLS# 2600005302
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
- Multi‑unit setup with multiple rental units: front split 2‑story with two 2BR/1BA units
- Additional unit mix includes a 1BR/1BA garage apartment and a 2BR/1BA home at 210 North Street
- Currently all units are occupied and ready for a new owner
- 9+ ft high ceilings, window treatments, and laminate and wood flooring
- Electric heating with ceiling fan(s) and window unit(s) for cooling
- Metal roof with public water; outside features include porch, patio, storm doors, lighting, and chain link fencing
Overview
This four-unit residential income property includes two units in the front split two-story home, plus a garage apartment and a separate second address unit. The front home provides two bedrooms and one bathroom in each unit. There is also a one-bedroom, one-bath garage apartment, along with a two-bedroom, one-bath unit at the rear.
The property sits on a lot of 0.77 acres and is located in New Iberia, Louisiana. Zoning is listed as R2 and R5. The current offering is described as fully occupied, with the units ready for a new owner. Public remarks indicate that the seller has completed multiple upgrades.
For buyers seeking rental income, this configuration offers a mix of two-bedroom and one-bedroom layouts within a single four-unit package. With all units currently occupied, the property may appeal to investors looking for immediate tenancy at acquisition. Additional details on the upgrades and unit-specific information are available through a real estate agent.
The property sits on a lot of 0.77 acres and is located in New Iberia, Louisiana. Zoning is listed as R2 and R5. The current offering is described as fully occupied, with the units ready for a new owner. Public remarks indicate that the seller has completed multiple upgrades.
For buyers seeking rental income, this configuration offers a mix of two-bedroom and one-bedroom layouts within a single four-unit package. With all units currently occupied, the property may appeal to investors looking for immediate tenancy at acquisition. Additional details on the upgrades and unit-specific information are available through a real estate agent.
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 | $10.20 |
| − Vacancy | −$3.8k | −$0.92 |
| EGI | $38.6k | $9.28 |
| − OpEx | −$11.6k | −$2.78 |
| NOI | $27.0k | $6.50 |
4,163 SF · lease $10.20/SF/yr · vacancy 9.00% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- New Iberia
- County
- Iberia
- State
- Louisiana
- Longitude
- -91.829024
- Latitude
- 30.017858
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four rental units on a large city lot offer a turn-key option for an owner-operator or investor.
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: Multi‑unit setup with multiple rental units: front split 2‑story with two 2BR/1BA units; Additional unit mix includes a 1BR/1BA garage apartment and a 2BR/1BA home at 210 North Street; Currently all units are occupied and ready for a new owner
