Two-Home Multifamily
For Sale
$272,500
127 & 129 Center Street, New Iberia, LA 70560
Multifamily, New Iberia, LA
Property Size2,188 SF
Lot Size0.14 Acres
Price / SF$124.54
Days on Market105
Property Features for 127 & 129 Center Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 3
Parking
1
Appliances
Dryer, Electric Cooktop, Refrigerator, Washer, Dryer, Electric Cooktop, Refrigerator, Washer
Elementary school
Pesson
Middle school
Iberia
High school
New Iberia
Elementary school district
Iberia Parish
Middle school district
Iberia Parish
High school district
Iberia Parish
Directions
From St Peter Street in New Iberia, turn left onto Center St. Homes are on the right side at the corner of Charles St and Center St.
Subdivision
I2
Standard status
Active
APN
0505343000
Size
2,188 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
1-80 X 75 ITEM 2 CHARLES ST, KOCH, THOMAS, CENTER ST IMP (127 CENTER ST) ITEM 3 IMP (129 CENTER ST) ITEM 1 ACQ: JPT23 LLC - 2023 (13671)
Legal Description
1-80 X 75 ITEM 2 CHARLES ST, KOCH, THOMAS, CENTER ST IMP (127 CENTER ST) ITEM 3 IMP (129 CENTER ST) ITEM 1 ACQ: JPT23 LLC - 2023 (13671)
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Number of units
2
Flooring type
Wood
Building materials
Brick
Roof type
Asbestos Shingle
Buildings
2
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Allyson Miller · License #995717363
(337) 546-5665
Added: Jul 13
Changed: Oct 23
Last Checked: Oct 25 at 12:06AM
MLS# 2600006695
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.
Two detached homes share a 0.14-acre parcel at 127 and 129 Center Street in New Iberia. Together, the residences contain 2,188 square feet and have been renovated and furnished. Brick construction, wood flooring, central heating, and central air conditioning are present across the property.
The larger home has three bedrooms and one and a half bathrooms; the second has two bedrooms and one bathroom. Each residence includes a washer, dryer, electric cooktop, and refrigerator. The two-home configuration provides distinct living spaces on a single lot.
The larger home has three bedrooms and one and a half bathrooms; the second has two bedrooms and one bathroom. Each residence includes a washer, dryer, electric cooktop, and refrigerator. The two-home configuration provides distinct living spaces on a single lot.
Key Highlights
- Two homes on a 0.14‑acre lot
- Combined building area of 2,188 square feet
- First residence: 3 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,358
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,160
$267.2K
Cap Rate 7%
$190,829
$190.8K
Cap Rate 9%
$148,422
$148.4K
Market Conditions
NOI Build-Up for 2,188 SF
Gross rent
$26.3K $12.00/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$24.3K $11.10/SF
− OpEx
−$10.9K −$5.00/SF
NOI
$13.4K $6.11/SF
Area
Iberia County, LA
Vacancy
7.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,160
Cap Rate 7%
$190,829
Cap Rate 9%
$148,422
Alternative Uses
Best Use
Apartment 5plus
$190.8K
$167.0K – $222.6K
NOI $13,358 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two renovated, furnished residences offer separate bedroom and bath configurations on a shared parcel.
Where is this multifamily property located?
The property is located at 127 & 129 Center Street 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 homes on a 0.14‑acre lot; Combined building area of 2,188 square feet; First residence: 3 bedrooms and 1.5 bathrooms
