Two-Unit Duplex with New
For Sale
$235,000
108 Avalon St, Lafayette, LA 70508
Brick duplex with two-bedroom residences, individual metering, covered parking, and in-unit utility connections.
Property Size2,000 SF
Price / SF$117.50
Days on Market60
Property Features for 108 Avalon St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Family
Listing Agency:
Gateway Realty, Inc.
Listed By:
Jay Smith · License #9189
(337) 962-6430
Source:
Athomerealtyla
Added: Aug 18
Changed: Oct 3
Last Checked: Oct 7 at 1:15PM
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 Gateway Realty, Inc.
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 two-unit duplex offers brick-on-slab construction, central heat and air, and ceramic tile flooring throughout both residences. Each unit includes two bedrooms, one bathroom, a kitchen equipped with a refrigerator and gas range, and closet storage. The property also has a large shared utility room with washer and dryer connections, accessible from the carport. A new metal roof was installed in August 2025.
Each residence has a single carport, and the units are individually metered. Unit 1 and Unit 2 are both currently leased. The property is located at 108 Avalon St, Lafayette, LA 70508.
Each residence has a single carport, and the units are individually metered. Unit 1 and Unit 2 are both currently leased. The property is located at 108 Avalon St, Lafayette, LA 70508.
Key Highlights
- New metal roof installed in August 2025
- Two units, each with 2 bedrooms and 1 bath
- Brick‑on‑slab construction with central heat and air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,706
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,120
$374.1K
Cap Rate 7%
$267,229
$267.2K
Cap Rate 9%
$207,844
$207.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$35.8K $17.88/SF
− Vacancy
−$9.0K −$4.52/SF
EGI
$26.7K $13.36/SF
− OpEx
−$8.0K −$4.01/SF
NOI
$18.7K $9.35/SF
Area
Lafayette, LA
Vacancy
25.27%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,120
Cap Rate 7%
$267,229
Cap Rate 9%
$207,844
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.8K
NOI $18,706 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$242.2K
$211.9K – $282.6K
NOI $16,955 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
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?
Duplex - Brick duplex with two-bedroom residences, individual metering, covered parking, and in-unit utility connections.
Where is this duplex located?
The property is located at 108 Avalon St Lafayette, LA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: New metal roof installed in August 2025; Two units, each with 2 bedrooms and 1 bath; Brick‑on‑slab construction with central heat and air
