Four-Unit Residential Income
For Sale
$320,000
1060 W Main Street, New Iberia, LA 70560
MULTI_FAMILY - New Iberia, LA
Property Size4,163 SF
Lot Size0.77 Acres
Price / SF$76.87
Days on Market50
Property Features for 1060 W Main Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R2, R5
Bedrooms
7
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 7, Bedroom 3
Parking
8
Parking features
Parking Lot, Covered, Carport
Window features
Window Treatments
Patio and Porch features
Porch, Patio
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
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
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)
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
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Ceiling Fan(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 Agency:
Home Realty of Acadiana
(337) 456-1883
Listed By:
Tim Breaux · License #912122839
(337) 577-4663
Added: Jun 11
Changed: Jul 25
Last Checked: Jul 30 at 6:06PM
MLS# 2600005302
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.
Investment Insights
Based on property information with market context.
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.
Key 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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
499
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 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
