Four-Dwelling Multifamily
For Sale
$295,000
427 N Sterling St, Lafayette, LA 70501
Four fenced residences accompany an on-site shop, with all dwelling units currently occupied.
Property SizeContact for details
Days on Market779
Property Features for 427 N Sterling St
General Information
Standard status
Active
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/2BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$39,540
Amenities
fenced
shop
Building Details
Buildings
5
Listing Agency:
Compass
(337) 654-2591
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 31
Last Checked: Aug 31 at 7:43PM
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 Compass
Investment Insights
Based on property information with market context.
This multifamily property includes four separate fenced dwellings at 427 N Sterling St in Lafayette. The unit mix comprises a 3-bedroom, 1-bath house measuring 2,013 SF; a 2-bedroom, 2-bath house totaling 1,059 SF; and two 1-bedroom, 1-bath homes measuring 400 SF and 500 SF. All four residences are currently occupied.
An additional 2,100 SF shop is included on the site, providing enclosed commercial storage space alongside the residential improvements. The combination of multiple dwelling types and a separate shop creates a varied property configuration for an owner or investor evaluating a multifamily asset.
An additional 2,100 SF shop is included on the site, providing enclosed commercial storage space alongside the residential improvements. The combination of multiple dwelling types and a separate shop creates a varied property configuration for an owner or investor evaluating a multifamily asset.
Key Highlights
- Four fenced dwellings on one Lafayette property
- House A: 3 bed, 1 bath, 2,013 SF
- House B: 2 bed, 2 bath, 1,059 SF
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
860
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four fenced residences accompany an on-site shop, with all dwelling units currently occupied.
Where is this multifamily property located?
The property is located at 427 N Sterling St Lafayette, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Four fenced dwellings on one Lafayette property; House A: 3 bed, 1 bath, 2,013 SF; House B: 2 bed, 2 bath, 1,059 SF
