Two-Unit
For Sale
$140,000
309 Knollwood Dr, Lafayette, LA 70506
Occupied residential property with established tenants and optional management support.
Property Size1,300 SF
Price / SF$107.69
Days on Market80
Property Features for 309 Knollwood Dr
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$17,700
Multifamily Units
2
Listing Agency:
Real Broker, LLC
Listed By:
Jamie Knight · License #69168
(855) 450-0442
Source:
Athomerealtyla
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 5 at 7:42PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units and is currently occupied by long-term tenants. Optional management services are available for ownership convenience but are not required.
The property is located at 309 Knollwood Dr in Lafayette, Louisiana. It may be acquired individually or as part of a larger portfolio of rental properties.
The property is located at 309 Knollwood Dr in Lafayette, Louisiana. It may be acquired individually or as part of a larger portfolio of rental properties.
Key Highlights
- Two residential units
- Long‑term tenants in place
- Optional management services available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,159
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,180
$243.2K
Cap Rate 7%
$173,700
$173.7K
Cap Rate 9%
$135,100
$135.1K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$23.2K $17.88/SF
− Vacancy
−$5.9K −$4.52/SF
EGI
$17.4K $13.36/SF
− OpEx
−$5.2K −$4.01/SF
NOI
$12.2K $9.35/SF
Area
Lafayette, LA
Vacancy
25.27%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,180
Cap Rate 7%
$173,700
Cap Rate 9%
$135,100
Alternative Uses
Best Use
Multifamily LT 5
$173.7K
$152.0K – $202.7K
NOI $12,159 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$157.4K
$137.8K – $183.7K
NOI $11,021 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$307.4K
$269.0K – $358.6K
NOI $21,516 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Explore this area
Business Placement
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied residential property with established tenants and optional management support.
Where is this duplex located?
The property is located at 309 Knollwood Dr Lafayette, LA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two residential units; Long‑term tenants in place; Optional management services available
