Renovated Duplex Homes on One
For Sale
$272,500
127 & 129 Center St, New Iberia, LA 70560
Two furnished residences offer flexible rental or multigenerational living arrangements near shopping, dining, and local amenities.
Property Size2,188 SF
Price / SF$124.54
Days on Market75
Property Features for 127 & 129 Center St
General Information
Standard status
Active
Size
2,188 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Building Details
Buildings
2
Listing Agency:
Compass
Listed By:
Allyson Miller · License #995717363
(504) 569-9369
Source:
Athomerealtyla
Added: Jul 31
Changed: Oct 11
Last Checked: Oct 7 at 1:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This duplex property comprises two renovated homes situated on a single lot at 127 & 129 Center St in New Iberia. The first residence includes three bedrooms and one and a half bathrooms, while the second offers two bedrooms and one bathroom. Both homes are fully furnished and presented in move-in or rental-ready condition.
The property is located near shopping, dining, and local amenities. With separate residences and distinct bedroom and bathroom layouts, the configuration supports rental use or multigenerational living without combining the homes into one interior floor plan.
The property is located near shopping, dining, and local amenities. With separate residences and distinct bedroom and bathroom layouts, the configuration supports rental use or multigenerational living without combining the homes into one interior floor plan.
Key Highlights
- Two renovated homes located on one lot
- First residence has 3 bedrooms and 1.5 bathrooms
- Second residence includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,216
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,320
$284.3K
Cap Rate 7%
$203,086
$203.1K
Cap Rate 9%
$157,956
$158.0K
Market Conditions
NOI Build-Up for 2,188 SF
Gross rent
$22.3K $10.20/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$20.3K $9.28/SF
− OpEx
−$6.1K −$2.78/SF
NOI
$14.2K $6.50/SF
Area
Iberia County, LA
Vacancy
9.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,320
Cap Rate 7%
$203,086
Cap Rate 9%
$157,956
Alternative Uses
Best Use
Multifamily LT 5
$203.1K
$177.7K – $236.9K
NOI $14,216 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$190.8K
$167.0K – $222.6K
NOI $13,358 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$361.9K
$316.7K – $422.2K
NOI $25,332 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished residences offer flexible rental or multigenerational living arrangements near shopping, dining, and local amenities.
Where is this duplex located?
The property is located at 127 & 129 Center St New Iberia, LA.
What is the asking price?
The asking price for this property is $272,500.
What are key features of this property?
This property features: Two renovated homes located on one lot; First residence has 3 bedrooms and 1.5 bathrooms; Second residence includes 2 bedrooms and 1 bathroom
