Two-Story Short-Term Rental
For Sale
$399,500
130 S Main Street, Saint Martinville, LA 70582
Commercial Sale, St. Martinville, LA
Property Size3,835 SF
Lot Size0.35 Acres
Price / SF$104.17
Days on Market545
Property Features for 130 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Lot features
Interior Lot, Level
Directions
Take Hwy 90 to LA-182 and exit. Merge onto E Main Street. Turn left onto LA-96 E. Turn left onto S Main Street. Home will be on your left.
Subdivision
M2
Standard status
Active
APN
45064
Size
3,835 SF
Lot size
0.35 Acres
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Description
LOT: BOULET ALS, MAIN ST., BIENVENU ALS, WASHINGTON ST.COB: 709-088-168394 1213-433-274603 1752-243-505299 1889-047-562861
Tax Annual Amount
474
Legal Description
LOT: BOULET ALS, MAIN ST., BIENVENU ALS, WASHINGTON ST.COB: 709-088-168394 1213-433-274603 1752-243-505299 1889-047-562861
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Amenities
original wood floors
fully renovated kitchen
private courtyard
upstairs balcony
large display windows
Building Details
Floors in Building
2
Flooring type
Tile, Wood
Building materials
Brick, Frame
Roof type
Metal
Buildings
1
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Teresa Rainey · License #0995691537
(337) 230-2271
Added: Apr 28, 2025
Changed: Oct 23
Last Checked: Oct 24 at 11:06PM
MLS# 2020023385
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.
This 3,835-square-foot, two-story building is configured with 4 bedrooms and 3 baths and currently operates as a short-term rental serving wedding guests. Interior features include original wood flooring and a renovated kitchen. Large display windows face the main street, while a private courtyard and second-floor balcony provide additional gathering areas; the balcony looks toward the square.
At 130 S Main Street in St. Martinville, the property sits across from St. Martin de Tours square and the Evangeline Oak. The 0.35-acre parcel is zoned C and has public water and sewer, with natural gas available.
At 130 S Main Street in St. Martinville, the property sits across from St. Martin de Tours square and the Evangeline Oak. The 0.35-acre parcel is zoned C and has public water and sewer, with natural gas available.
Key Highlights
- 3,835‑square‑foot building on a 0.35‑acre parcel
- Two‑story layout with 4 bedrooms and 3 baths
- Currently operating as a short‑term rental for wedding guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,530
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,600
$570.6K
Cap Rate 7%
$407,571
$407.6K
Cap Rate 9%
$317,000
$317.0K
Market Conditions
NOI Build-Up for 3,835 SF
Gross rent
$57.1K $14.88/SF
− Vacancy
−$5.2K −$1.35/SF
EGI
$51.9K $13.53/SF
− OpEx
−$23.3K −$6.09/SF
NOI
$28.5K $7.44/SF
Area
St. Martin County, LA
Vacancy
9.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,600
Cap Rate 7%
$407,571
Cap Rate 9%
$317,000
Alternative Uses
Best Use
Retail
$531.8K
$465.3K – $620.4K
NOI $37,225 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$407.6K
$356.6K – $475.5K
NOI $28,530 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$842.2K
$736.9K – $982.5K
NOI $58,952 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
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Business Placement
Demographics for 70582, LA
19,088
Population
9,122
Households
2.1
Avg Household Size
41
Median Age
13%
College-Educated
84%
High-School Grad
148.0 sq mi
ZIP Area
129
Density / Sq Mi
$46,690
Median Household Income
$36,265
Median Earnings
$787
Median Rent
$149,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Currently used for wedding guest stays, the property includes a private courtyard and an upstairs balcony facing the square.
Where is this short term rental property located?
The property is located at 130 S Main Street Saint Martinville, LA.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 3,835‑square‑foot building on a 0.35‑acre parcel; Two‑story layout with 4 bedrooms and 3 baths; Currently operating as a short‑term rental for wedding guests
