Block-Spanning Multifamily
For Sale
$550,000
130 S Main Street, Saint Martinville, LA 70582
Residential Income, St. Martinville, LA
Property Size6,640 SF
Price / SF$82.83
Days on Market528
Property Features for 130 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
None
Window features
Window Treatments
Patio and Porch features
Porch
Interior features
High Ceilings, Walk-In Closet(s), 9+ Ft Ceiling, Window Treatments, Electric Dryer Connection, Electric Washer Connection, Gas Stove Connection, Walk-In Closet(s)
Exterior features
Porch
Fencing
Privacy
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Gas Range
Lot features
Landscaped, Level
Elementary school
St. Martin
Middle school
St. Martin Middle
High school
St Martinville
Elementary school district
St Martin Parish
Middle school district
St Martin Parish
High school district
St Martin Parish
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
6,640 SF
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
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
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Number of units
3
Flooring type
Wood
Building materials
Wood Siding
Roof type
Metal
Additional Structures
Guest House
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Teresa W Rainey · License #0995691537
(337) 366-1454
Added: Apr 28, 2025
Changed: Sep 13
Last Checked: Oct 7 at 4:06AM
MLS# 2020023384
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 multifamily property comprises four rental units across a 6640-square-foot parcel extending from 130 S Main Street to 130 S Washington Street. The improvements include a four-bedroom, three-bath home at 130 S Main that is currently operated as a short-term rental, a tenant-occupied residence at 130 S Washington, and a duplex with Units A and B; one duplex unit is rented. The Main Street home includes high ceilings, wood flooring, a porch, central heating, and a combination of central air and window-unit cooling.
A gated backyard passage links the residences, and the property occupies a single rectangular footprint spanning the block. It sits across from St. Martin de Tours square and Evangeline Oak in downtown St. Martinville. Additional features include public water, metal roofing, privacy fencing, and no designated parking.
A gated backyard passage links the residences, and the property occupies a single rectangular footprint spanning the block. It sits across from St. Martin de Tours square and Evangeline Oak in downtown St. Martinville. Additional features include public water, metal roofing, privacy fencing, and no designated parking.
Key Highlights
- Four rental units across 6640 square feet
- Four‑bedroom, three‑bath home at 130 S Main Street currently used as a short‑term rental
- 130 S Washington Street residence is tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,397
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,940
$987.9K
Cap Rate 7%
$705,671
$705.7K
Cap Rate 9%
$548,856
$548.9K
Market Conditions
NOI Build-Up for 6,640 SF
Gross rent
$98.8K $14.88/SF
− Vacancy
−$9.0K −$1.35/SF
EGI
$89.8K $13.53/SF
− OpEx
−$40.4K −$6.09/SF
NOI
$49.4K $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%
$987,940
Cap Rate 7%
$705,671
Cap Rate 9%
$548,856
Alternative Uses
Best Use
Apartment 5plus
$705.7K
$617.5K – $823.3K
NOI $49,397 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,070 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
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
Check the figures for this property
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?
Multifamily property - Four residences connect through a gated backyard passage, with residential and short-term rental use represented across the property.
Where is this multifamily 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 $550,000.
What are key features of this property?
This property features: Four rental units across 6640 square feet; Four‑bedroom, three‑bath home at 130 S Main Street currently used as a short‑term rental; 130 S Washington Street residence is tenant‑occupied
