Three-Home Multifamily
For Sale
$225,000
Pending
123 Arista Drive, Carencro, LA 70520
Multifamily, Carencro, LA
Property Size3,000 SF
Days on Market62
Property Features for 123 Arista Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bedroom 8, Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 9, Bathroom 5
Parking
6
Parking features
Assigned
Patio and Porch features
Porch
Interior features
Walk-In Closet(s)
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator, Electric Stove Connection, Dishwasher, Electric Range, Microwave, Refrigerator, Electric Stove Connection
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
Pending
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
Tax Annual Amount
654
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
Number of units
3
Flooring type
Laminate, Carpet
Building materials
Vinyl Siding
Roof type
Metal
Buildings
3
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Lucius Hornsby · License #69258
(337) 344-9949
Added: Aug 31
Changed: Oct 23
Last Checked: Oct 31 at 1:06PM
MLS# 2600008185
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.
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Investment Insights
Based on property information with market context.
At 123 Arista Drive in Carencro, this multifamily property comprises three mobile homes on one lot, with 3,000 square feet reported for the property. Each home is configured with three bedrooms and two bathrooms. Shared property details include vinyl siding, metal roofing, central heating and air conditioning, and assigned parking.
The homes have porches, walk-in closets, carpet and laminate flooring, and kitchens equipped with dishwashers, electric ranges, and refrigerators. Water is supplied publicly, and the property uses a septic tank for wastewater. The zoning is Residential.
The homes have porches, walk-in closets, carpet and laminate flooring, and kitchens equipped with dishwashers, electric ranges, and refrigerators. Water is supplied publicly, and the property uses a septic tank for wastewater. The zoning is Residential.
Key Highlights
- Three mobile homes on one lot
- 3,000 square feet reported for the property
- Each home has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,692
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$393,840
Cap Rate 7%
$281,314
Cap Rate 9%
$218,800
Alternative Uses
Best Use
Apartment 5plus
$281.3K
$246.2K – $328.2K
NOI $19,692 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has three bedrooms and two bathrooms, with assigned parking and a porch.
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 mobile homes on one lot; 3,000 square feet reported for the property; Each home has 3 bedrooms and 2 bathrooms
