Three-Home Triplex
For Sale
$250,000
1033 /1035 Vieux Jacquet Road A - B, Broussard, LA 70518
Three separate residences share one parcel, including a frontage home with a screened porch and two rear dwellings with vinyl siding.
Property Size2,734 SF
Price / SF$91.44
Days on Market43
Property Features for 1033 /1035 Vieux Jacquet Road A - B
General Information
Standard status
Active
Size
2,734 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Amenities
shared storage building
screened front porch
Building Details
Buildings
3
Listing Agency:
Caffery Real Estate, Inc.
(337) 367-7708
Listed By:
Katie I LaBauve
Source:
Athomerealtyla
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 30 at 7:13PM
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 Caffery Real Estate, Inc.
Investment Insights
Based on property information with market context.
This triplex property includes three separate homes on one parcel. The residence along the road is an older cypress home with three bedrooms, two bathrooms, a screened front porch, and a shaded yard. Two additional homes are positioned toward the rear of the parcel; each offers two bedrooms and one bathroom. The rear residences feature vinyl siding and share a storage building.
The two rear homes are currently rented. The property is located near Hwy 90 and Hwy 182, with access to Broussard, Youngsville, Lafayette, and New Iberia. The configuration combines multiple residential structures with distinct layouts and shared site features.
The two rear homes are currently rented. The property is located near Hwy 90 and Hwy 182, with access to Broussard, Youngsville, Lafayette, and New Iberia. The configuration combines multiple residential structures with distinct layouts and shared site features.
Key Highlights
- Three separate homes located on one parcel
- Front residence includes 3 bedrooms, 2 bathrooms, a screened porch, and a shaded yard
- Two rear residences each feature 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,727
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$414,540
$414.5K
Cap Rate 7%
$296,100
$296.1K
Cap Rate 9%
$230,300
$230.3K
Market Conditions
NOI Build-Up for 2,734 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.1K $12.12/SF
− Vacancy
−$3.5K −$1.29/SF
EGI
$29.6K $10.83/SF
− OpEx
−$8.9K −$3.25/SF
NOI
$20.7K $7.58/SF
Area
Lafayette County, LA
Vacancy
10.64%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$414,540
Cap Rate 7%
$296,100
Cap Rate 9%
$230,300
Alternative Uses
Best Use
Multifamily LT 5
$296.1K
$259.1K – $345.5K
NOI $20,727 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$256.4K
$224.3K – $299.1K
NOI $17,946 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,249 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 70518, LA
16,683
Population
6,724
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
41.7 sq mi
ZIP Area
400
Density / Sq Mi
$103,574
Median Household Income
$51,210
Median Earnings
$997
Median Rent
$287,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences share one parcel, including a frontage home with a screened porch and two rear dwellings with vinyl siding.
Where is this triplex located?
The property is located at 1033 /1035 Vieux Jacquet Road A - B Broussard, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three separate homes located on one parcel; Front residence includes 3 bedrooms, 2 bathrooms, a screened porch, and a shaded yard; Two rear residences each feature 2 bedrooms and 1 bathroom
