Four-Unit Multifamily
For Sale
$550,000
130 S Main Street, Saint Martinville, LA 70582
Multifamily, St. Martinville, LA
Property Size6,640 SF
Price / SF$82.83
Days on Market546
Property Features for 130 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Porch
Interior features
Walk-In Closet(s), High Ceilings
Fencing
Privacy
Fireplace
1
Appliances
Disposal, Dishwasher, Gas Range, Microwave, Refrigerator, Gas Stove Connection, Disposal, Dishwasher, Gas Range, Microwave, Refrigerator, Gas Stove Connection
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
Additional Details
Tenant in Place
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
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
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air, Window Unit(s)
Water source
Public
Building Details
Number of units
3
Flooring type
Wood
Building materials
Frame, Wood Siding
Roof type
Metal
Additional Structures
Guest House
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 25 at 2:06AM
MLS# 2020023384
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property comprises four units: a four-bedroom, three-bathroom home on S Main Street, a separate home on S Washington Street, and a duplex with Units A and B. The S Main home operates as a short-term rental, the S Washington home is tenant-occupied, and one duplex unit is rented. A gated route through the backyard connects the buildings, which occupy a single rectangular parcel. The S Main residence features high ceilings, wood flooring, a porch, and a fireplace.
The property extends between S Main Street and S Washington Street in downtown St. Martinville, across from St. Martin de Tours square and the Evangeline Oak. Zoning is C.
The property extends between S Main Street and S Washington Street in downtown St. Martinville, across from St. Martin de Tours square and the Evangeline Oak. Zoning is C.
Key Highlights
- Four units: two homes and a duplex with Units A and B
- Four‑bedroom, three‑bathroom home on S Main Street operates as a short‑term rental
- S Washington Street home is tenant‑occupied; one duplex unit is rented
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A gated passage connects the buildings, with the property situated opposite St. Martin de Tours square and Evangeline Oak.
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 units: two homes and a duplex with Units A and B; Four‑bedroom, three‑bathroom home on S Main Street operates as a short‑term rental; S Washington Street home is tenant‑occupied; one duplex unit is rented
