Multi-Family Investment
135 Whitney Street Lafayette, LA 70501
135 Whitney Street, Lafayette, LA, 70501
$180,000
For Sale
$180,000
MULTI_FAMILY - Lafayette, LA
Property Size960 SF
Lot Size0.23 Acres
Price / SF$187.50
Days on Market109
Property Features for 135 Whitney Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Rooms
- Bedroom 5, Bedroom 7, Bedroom 2, Bathroom 4, Bedroom 9, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 8, Bedroom 10, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 11
- Interior features
- Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection, Gas Dryer Connection, Gas Stove Connection
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 6154003
- Size
- 960 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- N P Lot 9 Dugas Subdivision (0.051ac),LOTS 11 12 & 2.85 FT LT 13 BLK 11 MUDD ADDITION,1 LOT 11 (51.8X131.7) BLK 3 BERCIER & LEWIS ADD 1 LOT E/2 OF LOT 10 (25.5X131.7) BLK 3 BERCIER & LEWIS ADD 1180403, 1 LOT 14 (50X150) BLK C GARLAND ADD PLAT B N LOT 4 S
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Wood, Laminate
- Building materials
- Wood Siding
- Roof type
- Composition
Listing Agency
NextHome Cutting Edge Realty
(337) 484-1184
121 Rue Louis XIV Building 9, Lafayette, LA
Listed by
Jarrid Boudreaux · License #995707307
(337) 356-4212
Added: Mar 31 Checked: Jul 17 at 6:06 pm
MLS# 2600002728
Listing URL
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-property investment opportunity features four homes across two markets: Lafayette and Opelousas. The package deal offers immediate income and value-add potential. Two properties are currently leased, providing cash flow, while the remaining two are vacant and ready for renovation. This opportunity delivers flexibility and potential returns for expanding a rental portfolio, tackling a flip project, or creating long-term equity. Located in Lafayette, LA 70501, one of the properties is situated on a lot of 0.23 acres and has a size of 960 square feet.
Key Highlights
- Multi‑property investment: Four homes in two markets (Lafayette & Opelousas).
- Immediate income potential: Two properties are currently leased.
- Value‑add opportunity: Two vacant properties ready for renovation.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.2k | $17.88 |
| − Vacancy | −$4.3k | −$4.52 |
| EGI | $12.8k | $13.36 |
| − OpEx | −$3.8k | −$4.01 |
| NOI | $9.0k | $9.35 |
960 SF · lease $17.88/SF/yr · vacancy 25.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$128.3K
$112.2K – $149.7K
NOI $8,979 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$116.3K
$101.7K – $135.7K
NOI $8,139 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$227.0K
$198.6K – $264.8K
NOI $15,888 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Multi-property investment: four homes, two markets, income potential.
Where is this quadplex located?
The property is located at 135 Whitney Street Lafayette, LA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Multi‑property investment: Four homes in two markets (Lafayette & Opelousas).; Immediate income potential: Two properties are currently leased.; Value‑add opportunity: Two vacant properties ready for renovation.
