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    Four-Unit Residential Income Property Title is generated by Realmo AI

    1222 Saint Mary Street, Scott, LA 70583

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    Claim this Listing
    New
    For Sale
    $250,000

    MULTI_FAMILY - Scott, LA

    Property size:
    4,048 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $61/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 1222 Saint Mary Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    9
    Rooms
    Bathroom 3, Bathroom 2, Bedroom 9, Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 8, Bedroom 2, Bedroom 6, Bathroom 5, Bedroom 5
    Parking
    8
    Parking features
    Parking Lot
    Appliances
    Dishwasher, Refrigerator, Electric Range
    Standard status
    Active
    APN
    6036776
    Size
    4,048 SF
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Description
    SEC 30 T9S R4E (HWY 93)(136X195.1X47X91.4X55.7X100)

    Utilities

    Heating system
    Electric (Heating), Natural Gas, Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Number of units
    4
    Flooring type
    Wood, Vinyl
    Building materials
    Brick, Vinyl Siding, Wood Siding

    We can help!

    Listing Contact
    Lucius A Hornsby
    Lucius A Hornsby

    Listing agent Lucius A Hornsby License #69258

    Listing office Keller Williams Realty Acadiana 100 Asma Blvd, Suite 100, Lafayette, LA

    Listing date Jun 3, 2026

    MLS# 2600005042 Listing URL

    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.

    HighLights

    • Four rental units on one lot: 3/2 brick home, two 2/1 homes, and a 2/1 mobile home
    • Brick home built in the late 1950s (3/2); includes central air and ceiling fans
    • Two 2/1 homes on the property: one built in the 1950s and the other built in 2006
    • 2/1 mobile home built in 2001
    • Off‑street parking with parking lot plus wood privacy fence
    • Appliances include dishwasher, refrigerator, and electric range; utilities include electric and natural gas central heating

    Overview

    This four-unit residential income property is comprised of four rental units on a single lot. One unit is a 3-bedroom, 2-bath brick home built in the late 1950s. The remaining three units include two separate 2-bedroom, 1-bath homes, with one built in the 1950s and the other built in 2006, plus a 2-bedroom, 1-bath mobile home built in 2001.

    The property is located at 1222 Saint Mary Street in Scott, Louisiana (70583), in Lafayette Parish. The site includes plenty of off-street parking and is enclosed with a wood privacy fence.

    As a small multifamily offering with four distinct rental units, this asset may appeal to investors looking for a manageable portfolio size and a unit mix that includes both traditional brick construction and manufactured housing. The off-street parking and privacy fencing are practical features for tenant day-to-day use, supporting livability across the different unit configurations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scott
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.095422
    Latitude
    30.238271

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    FAQs

    What type of property is this?
    Quadplex - Four rental units on one lot, including brick and manufactured homes, with off-street parking and privacy fencing.
    Where is this quadplex located?
    The property is located at 1222 Saint Mary Street Scott, LA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Four rental units on one lot: 3/2 brick home, two 2/1 homes, and a 2/1 mobile home; Brick home built in the late 1950s (3/2); includes central air and ceiling fans; Two 2/1 homes on the property: one built in the 1950s and the other built in 2006
    (337) 344-9949
    We can help!
    Listing Contact
    Lucius A Hornsby
    Lucius A Hornsby
    Real Estate License ID: 69258
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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