Duplex with New Metal
For Sale
$235,000
108 Avalon Street, Lafayette, LA 70508
Multifamily, Lafayette, LA
Property Size2,000 SF
Price / SF$117.50
Days on Market710
Property Features for 108 Avalon Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1
Parking
2
Interior features
Storage
Exterior features
Lighting
Appliances
Gas Range, Refrigerator, Gas Stove Connection, Gas Range, Refrigerator, Gas Stove Connection
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
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Description
lot 13, Avalon Subdivision, Lafayette Parish, Louisiana
Tax Annual Amount
1330
Legal Description
lot 13, Avalon Subdivision, Lafayette Parish, Louisiana
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
central heat and air
refrigerator and gas range
ceramic tile floors
washer/dryer connections
Building Details
Number of units
2
Building materials
Brick, Frame
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Gateway Realty, Inc.
(337) 981-4595
Listed By:
Jay Smith · License #9189
(337) 962-6430
Added: Nov 21, 2024
Changed: Oct 31
Last Checked: Nov 1 at 1:06AM
MLS# 24010748
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 Lafayette duplex contains 2,000 square feet across two units, each configured with two bedrooms and one bathroom. Brick construction, central heat and air, and ceramic tile flooring throughout are among the building’s features. Both kitchens include a refrigerator and gas range, while each residence has a single-car carport. A utility room with washer and dryer connections is accessible from the carport, and the units are individually metered.
A metal roof was installed in August 2025. The property is served by public water and public sewer.
A metal roof was installed in August 2025. The property is served by public water and public sewer.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,000 square feet
- New metal roof installed August 2025
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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 - Two separately metered residences each offer two bedrooms, central heating and cooling, and a single-car carport.
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 $235,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,000 square feet; New metal roof installed August 2025
