Furnished Duplex with Two
For Sale
$272,500
127 & 129 Center Street, New Iberia, LA 70560
Residential Income, New Iberia, LA
Property Size2,188 SF
Lot Size0.14 Acres
Price / SF$124.54
Days on Market109
Property Features for 127 & 129 Center Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4
Parking
1
Parking features
Garage
Appliances
Dryer, Refrigerator, Washer, Electric Cooktop, Dryer, Refrigerator, Washer, Electric Cooktop
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
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Brick
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 26
Last Checked: Oct 29 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
At 127 and 129 Center Street in New Iberia, this duplex comprises two renovated homes on a 0.14-acre lot. The combined building area is 2,188 square feet. One residence has 3 bedrooms and 1.5 bathrooms; the other has 2 bedrooms and 1 bathroom. Both are furnished, and the property includes a garage.
Key Highlights
- Two homes on one 0.14‑acre lot
- 2,188 square feet of building area
- First home: 3 bedrooms and 1.5 bathrooms
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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?
Duplex - Two renovated residences share a parcel and include furnishings.
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 $272,500.
What are key features of this property?
This property features: Two homes on one 0.14‑acre lot; 2,188 square feet of building area; First home: 3 bedrooms and 1.5 bathrooms
