Multifamily Property with Three
New
For Sale
$225,000
123 Arista Drive, Carencro, LA 70520
Residential Income, Carencro, LA
Property Size3,000 SF
Price / SF$75
Days on Market2
Property Features for 123 Arista Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
9
Full bathrooms
6
Rooms
Bedroom 5, Bedroom 9, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 8, Bathroom 4, Bedroom 7, Bedroom 2, Bathroom 5, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 6
Parking
6
Parking features
Assigned
Patio and Porch features
Porch
Interior features
Walk-In Closet(s), Electric Stove Connection, Walk-In Closet(s)
Exterior features
Porch
Appliances
Dishwasher, Microwave, Refrigerator, Electric Range
Subdivision
Brasseaux A
Lot features
Level
Elementary school
Ossun
Middle school
Carencro
High school
Carencro
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
University to Carencro, left on Ira Street. Right on Cankton Road, left on Gendarme, right on Arista, property is on the left
Standard status
Active
APN
6118655
Size
3,000 SF
Taxes and HOA fees
Tax Description
LOT 1 BRASSEUX, MOISE ESTATE PH 3 (0.9051 AC) 200 X 194.5 X 197.68X 199.99
Legal Description
LOT 1 BRASSEUX, MOISE ESTATE PH 3 (0.9051 AC) 200 X 194.5 X 197.68X 199.99
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Floors in Building
1
Number of units
3
Flooring type
Laminate, Carpet
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Lucius A Hornsby · License #69258
(337) 344-9949
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 6:06PM
MLS# 2600008185
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 multifamily property includes three individual mobile homes positioned on a single lot, with a combined reported size of 3,000 square feet. Each residence is arranged with three bedrooms and two bathrooms. Interior features include walk-in closets, laminate and carpet flooring, electric stove connections, and central heating and air conditioning. Appliances include dishwashers, microwaves, refrigerators, and electric ranges. Vinyl siding, metal roofing, and porches complete the improvements.
The property is located at 123 Arista Drive in Carencro, Louisiana, within Lafayette Parish. Residential zoning applies. Public water and septic service are identified, while assigned parking is provided. The three-home configuration offers multiple residential units within one multifamily property.
The property is located at 123 Arista Drive in Carencro, Louisiana, within Lafayette Parish. Residential zoning applies. Public water and septic service are identified, while assigned parking is provided. The three-home configuration offers multiple residential units within one multifamily property.
Key Highlights
- Three individual mobile homes on one lot
- Each home has 3 bedrooms and 2 bathrooms
- 3,000 square feet of reported combined property size
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
$19,692
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
8.75%
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%
$393,840
$393.8K
Cap Rate 7%
$281,314
$281.3K
Cap Rate 9%
$218,800
$218.8K
Market Conditions
NOI Build-Up for 3,000 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
$40.3K $13.44/SF
− Vacancy
−$4.5K −$1.51/SF
EGI
$35.8K $11.93/SF
− OpEx
−$16.1K −$5.37/SF
NOI
$19.7K $6.56/SF
Area
Lafayette County, LA
Vacancy
11.20%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
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%
$393,840
Cap Rate 7%
$281,314
Cap Rate 9%
$218,800
Alternative Uses
Best Use
Multifamily LT 5
$324.9K
$284.3K – $379.1K
NOI $22,744 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$281.3K
$246.2K – $328.2K
NOI $19,692 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 22.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 70520, LA
20,017
Population
9,011
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
87%
High-School Grad
38.8 sq mi
ZIP Area
516
Density / Sq Mi
$65,956
Median Household Income
$43,019
Median Earnings
$953
Median Rent
$199,600
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?
Multifamily property - Three individually placed mobile homes offer matching layouts and residential rental functionality on one parcel.
Where is this multifamily property located?
The property is located at 123 Arista Drive Carencro, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three individual mobile homes on one lot; Each home has 3 bedrooms and 2 bathrooms; 3,000 square feet of reported combined property size
