Renovated Duplex with Two
127 & 129 Center Street New Iberia, LA 70560
For Sale
$280,000
MULTI_FAMILY - New Iberia, LA
Property Size2,188 SF
Lot Size0.14 Acres
Price / SF$127.97
Days on Market18
Property Features for 127 & 129 Center Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1
Parking
1
Parking features
Garage
Appliances
Dryer, Refrigerator, Washer, Electric Cooktop
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)
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Brick
Listing Agency:
Compass
(337) 233-9700
Listed By:
Allyson Miller · License #995717363
(337) 546-5665
Added: Jul 13
Changed: Jul 28
Last Checked: Jul 30 at 10:06AM
MLS# 2600006695
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 property consists of two renovated homes on a single lot, configured as a duplex-style residential income setup. The first home includes three bedrooms and 1.5 bathrooms, and the second home includes two bedrooms and one bathroom. Both residences are described as fully furnished and move-in or rental ready, providing an option for income or multi-generational living.
The property is located at 127/129 Center Street in New Iberia, Louisiana, within Iberia Parish. The listing notes convenient proximity to shopping, dining, and local amenities.
With a combined building size of 2,188 square feet on a 0.14-acre lot, the asset is positioned as a turnkey offering featuring two distinct, renovated living spaces on one parcel.
The property is located at 127/129 Center Street in New Iberia, Louisiana, within Iberia Parish. The listing notes convenient proximity to shopping, dining, and local amenities.
With a combined building size of 2,188 square feet on a 0.14-acre lot, the asset is positioned as a turnkey offering featuring two distinct, renovated living spaces on one parcel.
Key Highlights
- Two renovated homes on one lot in New Iberia
- First home: 3 bedrooms, 1.5 bathrooms
- Second home: 2 bedrooms, 1 bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.3k | $10.20 |
| − Vacancy | −$2.0k | −$0.92 |
| EGI | $20.3k | $9.28 |
| − OpEx | −$6.1k | −$2.78 |
| NOI | $14.2k | $6.50 |
2,188 SF · lease $10.20/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.1K
$177.7K – $236.9K
NOI $14,216 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$190.8K
$167.0K – $222.6K
NOI $13,358 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$361.9K
$316.7K – $422.2K
NOI $25,332 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated residences on one lot offer 3-bed/1.5-bath and 2-bed/1-bath layouts with furnished, move-in or rental readiness.
Where is this duplex 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 $280,000.
What are key features of this property?
This property features: Two renovated homes on one lot in New Iberia; First home: 3 bedrooms, 1.5 bathrooms; Second home: 2 bedrooms, 1 bathroom
