Lafayette Duplex with New
For Sale
$220,000
108 Avalon Street, Lafayette, LA 70508
MULTI_FAMILY - Lafayette, LA
Property Size2,000 SF
Price / SF$110
Days on Market646
Property Features for 108 Avalon Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2
Parking
2
Parking features
Carport
Window features
Window Treatments
Interior features
Window Treatments, Gas Dryer Connection, Gas Stove Connection
Exterior features
Lighting, Outside Light, Storm Doors
Appliances
Refrigerator, Gas Range
Subdivision
Avalon
Lot features
Level
Elementary school
Ernest Gallet
Middle school
Broussard
High school
Southside
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
From the Pinhook/Kaliste Saloom Road intersection, travel south on Pinhook Road (toward Broussard), cross Verot School Road, Avalon will be on your left, after you turn onto Avalon this property will be on the right
Standard status
Active
APN
6012895
Size
2,000 SF
Taxes and HOA fees
Tax Description
lot 13, Avalon Subdivision, Lafayette Parish, Louisiana
Legal Description
lot 13, Avalon Subdivision, Lafayette Parish, Louisiana
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
central heat and air
ceramic tile floors
good closet space
refrigerator
gas range
utility room with washer/dryer connections
Building Details
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Gateway Realty, Inc.
(337) 981-4595
Listed By:
Jay Smith · License #9189
(337) 962-6430
Added: Nov 21, 2024
Changed: Jul 25
Last Checked: Aug 29 at 2:06AM
MLS# 24010748
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 duplex, located in Lafayette, Louisiana, features brick on slab construction and central heat and air. Each of the two units includes 2 bedrooms and 1 bath, along with good closet space. The kitchens are equipped with a refrigerator and a gas range. Ceramic tile flooring is present throughout, with no carpet. Each unit has a single carport. A large utility room with washer and dryer connections is accessible in the carport. The property has a new metal roof installed as of August 2025. Unit 1 and Unit 2 each currently lease for $900. The units are individually metered. The property size is 2000 square feet.
Key Highlights
- Duplex with brick on slab construction, each unit offers 2 bedrooms and 1 bathroom
- New metal roof installed as of August 2025
- Central heat and central air with ceiling fans; no carpet with ceramic tile floors throughout
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
$18,706
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
8.50%
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%
$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
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
$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 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%
$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 8.50%
Second Best
Apartment 5plus
$242.2K
$211.9K – $282.6K
NOI $16,955 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
435
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with new roof, great investment opportunity.
Where is this duplex located?
The property is located at 108 Avalon Street Lafayette, LA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Duplex with brick on slab construction, each unit offers 2 bedrooms and 1 bathroom; New metal roof installed as of August 2025; Central heat and central air with ceiling fans; no carpet with ceramic tile floors throughout
