Furnished Two-Story
For Sale
$749,900
117 Firethorn Drive, Youngsville, LA 70592
Residential Income, Youngsville, LA
Property Size3,978 SF
Price / SF$188.51
Days on Market353
Property Features for 117 Firethorn Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bathroom 5, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 6, Bedroom 5
Parking
6
Parking features
Parking Lot
Patio and Porch features
Porch
Interior features
High Ceilings, Walk-In Closet(s), 9+ Ft Ceiling, Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection, Walk-In Closet(s)
Exterior features
Balcony, Lighting, Balcony, Outside Light, Porch
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Range, Electric Cooktop
Lot features
Landscaped
Elementary school
Ernest Gallet
Middle school
Youngsville
High school
Southside
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
Head East on La 92E towards Heartland Ln, At the traffic circle, continue straight onto E Milton Ave, At the traffic circle, take the 1st exit onto Chemin Metaire Rd, Turn right at Centre Sarcelle Blvd. Reeds Townhouses will be near the end of Centre Sarcelle Blvd
Subdivision
P
Standard status
Active
Size
3,978 SF
Taxes and HOA fees
HOA Fee
$100 Monthly
Utilities
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Water front
1
Amenities
private concrete patio
low-maintenance yard
large green space
washer and dryer
Building Details
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Concrete
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Teresa Scarsella · License #11482
(337) 962-3362
Added: Sep 5, 2025
Changed: Aug 21
Last Checked: Aug 23 at 6:06AM
MLS# 2500003261
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 3,978-square-foot triplex comprises newly built, furnished two-story residences. Each residence places the living room, kitchen, laundry area, and half bathroom on the first level, with two bedrooms upstairs, each paired with a private full bathroom and walk-in closet. Kitchens include refrigerators, electric ranges, microwaves, dishwashers, and disposals; washers and dryers are also provided. High ceilings, vinyl and concrete flooring, central heating and cooling, vinyl siding, composition roofing, and public water service are among the documented features.
The property is located at 117 Firethorn Drive in Youngsville, Louisiana, within Metairie Center. It sits behind Agave, Corner Bar, and Anytime Fitness, across from Sugar Mill Pond, and near the Youngsville Sports Complex as well as local dining, shopping, and entertainment. Outdoor features include private concrete patios, low-maintenance yards, porches, balconies, exterior lighting, and access to a large green space. Pets are not allowed.
The property is located at 117 Firethorn Drive in Youngsville, Louisiana, within Metairie Center. It sits behind Agave, Corner Bar, and Anytime Fitness, across from Sugar Mill Pond, and near the Youngsville Sports Complex as well as local dining, shopping, and entertainment. Outdoor features include private concrete patios, low-maintenance yards, porches, balconies, exterior lighting, and access to a large green space. Pets are not allowed.
Key Highlights
- 3,978 square feet of total property size
- Triplex with newly built, furnished two‑story residences
- Each residence includes 2 bedrooms and 2 private full bathrooms
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
$30,158
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
4.02%
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%
$603,160
$603.2K
Cap Rate 7%
$430,829
$430.8K
Cap Rate 9%
$335,089
$335.1K
Market Conditions
NOI Build-Up for 3,978 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
$48.2K $12.12/SF
− Vacancy
−$5.1K −$1.29/SF
EGI
$43.1K $10.83/SF
− OpEx
−$12.9K −$3.25/SF
NOI
$30.2K $7.58/SF
Area
Lafayette County, LA
Vacancy
10.64%
Lease Rate
$12.12 /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%
$603,160
Cap Rate 7%
$430,829
Cap Rate 9%
$335,089
Alternative Uses
Best Use
Multifamily LT 5
$430.8K
$377.0K – $502.6K
NOI $30,158 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$373.0K
$326.4K – $435.2K
NOI $26,112 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$940.5K
$823.0K – $1.10M
NOI $65,837 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 70592, LA
28,975
Population
11,583
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
682
Density / Sq Mi
$93,453
Median Household Income
$53,063
Median Earnings
$1,106
Median Rent
$239,000
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?
Triplex - Newly built furnished residences feature private patios, modern interiors, and access to shared green space.
Where is this triplex located?
The property is located at 117 Firethorn Drive Youngsville, LA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 3,978 square feet of total property size; Triplex with newly built, furnished two‑story residences; Each residence includes 2 bedrooms and 2 private full bathrooms
