2-Unit Duplex with Upper
For Sale
$449,750
1120 S Washington Street, Lafayette, LA 70501
Residential Income, Lafayette, LA
Property Size1,922 SF
Lot Size0.15 Acres
Price / SF$234
Days on Market124
Property Features for 1120 S Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
2
Interior features
High Ceilings, Vaulted Ceiling(s), 9+ Ft Ceiling, Electric Dryer Connection, Electric Washer Connection, Gas Stove Connection, Vaulted Ceilings
Exterior features
Lighting, Outside Light
Appliances
Dishwasher, Dryer, Gas Range, Dishwasher, Dryer, Gas Range
Subdivision
Girard (P M) Add.
Elementary school
Woodvale
Middle school
Lafayette
High school
Lafayette
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
Take University north toward interstate, right on Saint John Street. Right on Hamilton Place. Parking lot is on the left.
Standard status
Active
APN
6029275
Size
1,922 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
NP LOT G P M GIRARD ADD
Legal Description
NP LOT G P M GIRARD ADD
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
private balcony
off-street parking
in-unit washer/dryer
Building Details
Number of units
2
Flooring type
Vinyl
Building materials
HardiPlank Type
Roof type
Composition
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Added: Jun 15
Changed: Oct 8
Last Checked: Oct 16 at 1:06AM
MLS# 2600008075
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.
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Investment Insights
Based on property information with market context.
This duplex contains two residences with a combined 1,922 square feet on a 0.15-acre lot. Each unit has two bedrooms and two bathrooms. The upper residence also includes a loft and a private balcony with views of downtown Lafayette; the lower residence has a single-level, open-plan layout.
Interior features include luxury vinyl plank flooring, black-framed double-pane insulated windows, custom wood cabinetry, stainless steel appliances, gas ranges and quartz countertops. Each unit includes a refrigerator, dishwasher, washer and dryer, along with its own electric meter. The property is at 1120 S Washington Street in Lafayette, near Johnson's Boucaniere and downtown restaurants, entertainment and festivals.
Interior features include luxury vinyl plank flooring, black-framed double-pane insulated windows, custom wood cabinetry, stainless steel appliances, gas ranges and quartz countertops. Each unit includes a refrigerator, dishwasher, washer and dryer, along with its own electric meter. The property is at 1120 S Washington Street in Lafayette, near Johnson's Boucaniere and downtown restaurants, entertainment and festivals.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- Combined building area of 1,922 square feet on a 0.15‑acre lot
- Upper unit includes a loft and private balcony with downtown Lafayette views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,977
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,540
$359.5K
Cap Rate 7%
$256,814
$256.8K
Cap Rate 9%
$199,744
$199.7K
Market Conditions
NOI Build-Up for 1,922 SF
Gross rent
$34.4K $17.88/SF
− Vacancy
−$8.7K −$4.52/SF
EGI
$25.7K $13.36/SF
− OpEx
−$7.7K −$4.01/SF
NOI
$18.0K $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%
$359,540
Cap Rate 7%
$256,814
Cap Rate 9%
$199,744
Alternative Uses
Best Use
Multifamily LT 5
$256.8K
$224.7K – $299.6K
NOI $17,977 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$232.8K
$203.7K – $271.6K
NOI $16,294 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$454.4K
$397.6K – $530.2K
NOI $31,810 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate electric meters, appliance packages and off-street parking.
Where is this duplex located?
The property is located at 1120 S Washington Street Lafayette, LA.
What is the asking price?
The asking price for this property is $449,750.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; Combined building area of 1,922 square feet on a 0.15‑acre lot; Upper unit includes a loft and private balcony with downtown Lafayette views
