Two-Story Short-Term Rental
For Sale
$399,500
130 S Main St, Saint Martinville, LA 70582
Renovated kitchen, original wood floors, private courtyard, and balcony overlooking the adjacent public square.
Property Size3,835 SF
Price / SF$104.17
Days on Market79
Property Features for 130 S Main St
General Information
Standard status
Active
Size
3,835 SF
Amenities
original wood floors
fully renovated kitchen
private courtyard
upstairs balcony
Building Details
Buildings
1
Stories
2
Listing Agency:
Real Broker, LLC
Listed By:
Teresa W Rainey · License #0995691537
(855) 450-0442
Source:
Athomerealtyla
Added: Jul 21
Changed: Sep 6
Last Checked: Oct 5 at 9:28PM
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.
Located at 130 S Main St in St. Martinville, this 3,835-square-foot, two-story property is currently operated as a short-term rental for wedding guests. The building includes 4 bedrooms, 3 baths, original wood flooring, a fully renovated kitchen, large display windows, a private courtyard, and an upper-level balcony facing St. Martin de Tours square. Its layout and existing improvements support continued hospitality use while also offering flexibility for a boutique bed and breakfast, attorney’s office, retail shop, cafe, or creative workspace.
The property sits directly across from St. Martin de Tours square and the Evangeline Oak, with walkable access to nearby restaurants, shops, and attractions. Street-facing windows provide a prominent presence along S Main St, while the courtyard offers additional space for gatherings, guests, or clients.
The property sits directly across from St. Martin de Tours square and the Evangeline Oak, with walkable access to nearby restaurants, shops, and attractions. Street-facing windows provide a prominent presence along S Main St, while the courtyard offers additional space for gatherings, guests, or clients.
Key Highlights
- 3,835 SF two‑story building at 130 S Main St, St. Martinville, LA 70582
- Currently operated as a short‑term rental serving wedding guests
- 4 bedrooms and 3 baths
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.
Property Analytics
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Open Analytics
Current Use
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
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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?
Short term rental property - Renovated kitchen, original wood floors, private courtyard, and balcony overlooking the adjacent public square.
Where is this short term rental property located?
The property is located at 130 S Main St 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 SF two‑story building at 130 S Main St, St. Martinville, LA 70582; Currently operated as a short‑term rental serving wedding guests; 4 bedrooms and 3 baths
