Building Details

Buildings 4

Listing Agency: EXP Realty, LLC

Listed By: Blake Weaver · License #0995695402 Show Phone

Source: Athomerealtyla

Added: Aug 6 Changed: Oct 4 Last Checked: Oct 6 at 12:06AM

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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 EXP Realty, LLC

Investment Insights

Based on property information with market context.

This multifamily offering combines four residential income properties in one package. Each home is currently rented, providing an occupied portfolio across Iberia and Vermilion parishes. The properties are located at 804 Troy Road in New Iberia; 13202 Eastside Acres Road in Erath; 11107 Vine Street in Abbeville; and 13923 Cypress Street in Abbeville.

The seller is also willing to sell the homes individually rather than only as a combined acquisition. The package is reported at a 12% cap rate, offering a clearly defined income-property configuration for buyers evaluating multiple residential assets in a single transaction.

Key Highlights

• Four‑home residential income property package
• All four homes are currently rented
• Seller will consider selling the homes separately

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,702

Cap Rate

8.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$834,040 $834.0K

Cap Rate 7%

$595,743 $595.7K

Cap Rate 9%

$463,356 $463.4K

Market Conditions

NOI Build-Up for 4,919 SF

Gross rent

$103.3K $21.00/SF

− Vacancy

−$27.5K −$5.59/SF

EGI

$75.8K $15.41/SF

− OpEx

−$34.1K −$6.94/SF

NOI

$41.7K $8.48/SF

Area

Vermilion County, LA

Vacancy

26.60%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$834,040

Cap Rate 7%

$595,743

Cap Rate 9%

$463,356

Alternative Uses

Best Use

Apartment 5plus

$595.7K

$521.3K – $695.0K (±1% cap)

NOI $41,702 @ 7.0% cap · market cap 8.42%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,411 @ 7.0% cap · market cap 16.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Auto Parts Store Electrical Service Restaurant Hair Salon (Bike/Boat/Book/etc) Store

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

Lease Details

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

25

Businesses Nearby

Explore this area Business Placement

Demographics for 70533, LA

7,282

Population

3,020

Households

2.4

Avg Household Size

39

Median Age

20%

College-Educated

84%

High-School Grad

74.4 sq mi

ZIP Area

98

Density / Sq Mi

$65,742

Median Household Income

$39,974

Median Earnings

$828

Median Rent

$151,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - The portfolio includes four rented residences, with the seller also willing to consider separate sales.

Where is this multifamily property located?

The property is located at 13202 Eastside Acres Rd Erath, LA.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Four‑home residential income property package; All four homes are currently rented; Seller will consider selling the homes separately