Multi-Property Multifamily
For Sale
$180,000
135 Whitney Street, Lafayette, LA 70501
Residential Income, Lafayette, LA
Property Size960 SF
Lot Size0.23 Acres
Price / SF$187.50
Days on Market207
Property Features for 135 Whitney Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Full bathrooms
5
Rooms
Bedroom 10, Bedroom 9, Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 2, Bathroom 5, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 11, Bathroom 3, Bathroom 2
Parking features
None
Interior features
Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection, Gas Dryer Connection, Gas Stove Connection
Fencing
Chain Link
Subdivision
Dugas Addition
Lot features
Level
Elementary school
Boucher
Middle school
Paul Breaux Middle
High school
Northside
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
Take University North, right on Willow, left on Patterson (at 3rd red light), right at Whitney. House is located on the right.
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
Legal 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
Sewer type
Public Sewer
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
Listed By:
Jarrid Boudreaux · License #995707307
(337) 356-4212
Added: Mar 31
Changed: Oct 8
Last Checked: Oct 23 at 2:06AM
MLS# 2600002728
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.
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Investment Insights
Based on property information with market context.
This multifamily portfolio consists of four homes split between Lafayette and Opelousas. Two homes are currently leased, and two are vacant. The package brings together properties in both markets for a buyer seeking a multi-home residential portfolio.
Key Highlights
- Four homes distributed between Lafayette and Opelousas
- Two homes are currently leased
- Two homes are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,139
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,780
$162.8K
Cap Rate 7%
$116,271
$116.3K
Cap Rate 9%
$90,433
$90.4K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$20.2K $21.00/SF
− Vacancy
−$5.4K −$5.59/SF
EGI
$14.8K $15.41/SF
− OpEx
−$6.7K −$6.94/SF
NOI
$8.1K $8.48/SF
Area
Lafayette, 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%
$162,780
Cap Rate 7%
$116,271
Cap Rate 9%
$90,433
Alternative Uses
Best Use
Apartment 5plus
$116.3K
$101.7K – $135.7K
NOI $8,139 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
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 authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two of the four homes are leased, while the other two are vacant.
Where is this multifamily property 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: Four homes distributed between Lafayette and Opelousas; Two homes are currently leased; Two homes are vacant
