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4-Unit Multifamily Property
For Sale
$95,000
Pending

605 Colorado Road, Lafayette, LA 70506

Four residential units are arranged across two levels, with two apartments on each floor.

Property Size4,000 SF
Days on Market1007

Property Features for 605 Colorado Road

General Information

Standard status Pending
Size 4,000 SF
Property subtype Multifamily

Amenities

Water
Sewer
Listing Agency: Keller Williams Realty Acadiana
Listed By: Lori Lege' · License #0995693945
Source: Lacdb.resimplifi
Added: Nov 27, 2023 Changed: Aug 29 Last Checked: Aug 30 at 1:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Acadiana

Investment Insights

Based on property information with market context.

This 4-unit multifamily property contains approximately 4,000 square feet across two levels. The layout includes two units upstairs and two downstairs, with each apartment offering 2 bedrooms and 1 bath in about 1,000 square feet.

The property is located at 605 Colorado Road in Lafayette, Louisiana, on the outskirts of Lafayette’s shopping area. Its four-unit configuration provides a straightforward residential income property format.

Key Highlights

  • 4‑unit multifamily property with approximately 4,000 square feet
  • Two upstairs units and two downstairs units
  • Each apartment includes 2 bedrooms and 1 bath

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

686
Businesses Nearby

Demographics for 70506, LA

39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units are arranged across two levels, with two apartments on each floor.
Where is this quadplex located?
The property is located at 605 Colorado Road Lafayette, LA.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 4‑unit multifamily property with approximately 4,000 square feet; Two upstairs units and two downstairs units; Each apartment includes 2 bedrooms and 1 bath
More about this property
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