New Multifamily Construction in
1510 Kaliste Saloom Road Lafayette, LA 70508
1510 Kaliste Saloom Road, Lafayette, LA, 70508
$1,700,000
For Sale
$1,700,000
COMMERCIAL - Lafayette, LA
Property Size8,088 SF
Lot Size1.70 Acres
Price / SF$210.19
Days on Market277
Property Features for 1510 Kaliste Saloom Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- Residential
- Parking features
- Off Street
- Exterior features
- Partially Fenced
- Fencing
- Partial
- Standard status
- Active
- APN
- 6002224
- Size
- 8,088 SF
- Lot size
- 1.70 Acres
Taxes and HOA fees
- Tax Description
- TR 1 SEC 61 T10S R4E (1.758 AC) (2024-14924 PLAT)
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Tile, Vinyl
- Roof type
- Composition
Listing Agency
NextHome Cutting Edge Realty
(337) 484-1184
121 Rue Louis XIV Building 9, Lafayette, LA
Listed by
MaryBeth Walsh · License #995685130
(318) 237-0462
Added: Oct 14, 2025 Checked: Jul 17 at 9:06 am
MLS# 2500004507
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 residential complex in Lafayette, Louisiana, features new construction by Manuel Builders. The property consists of four buildings, with one building containing six units. Each unit offers 1398 square feet of living space. Two floorplans are available: four units feature two bedrooms, two and a half bathrooms, and a balcony, while two units offer three bedrooms, two and a half bathrooms, and a balcony. The Homeowners Association (HOA) covers trash pickup, grounds keeping, and exterior insurance. The property is zoned for residential use and occupies a 1.7-acre lot.
Key Highlights
- New construction by Manuel Builders
- Spacious Units: 1398 sqft
- Choose between two floorplans with 2 or 3 bedrooms
Local Financial Insights For Apartment 5plus
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 | $169.8k | $21.00 |
| − Vacancy | −$45.2k | −$5.59 |
| EGI | $124.7k | $15.41 |
| − OpEx | −$56.1k | −$6.94 |
| NOI | $68.6k | $8.48 |
8,088 SF · lease $21.00/SF/yr · vacancy 26.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$979.5K
$857.1K – $1.14M
NOI $68,568 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,860 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - New construction multifamily property with multiple units and floorplans.
Where is this apartment building located?
The property is located at 1510 Kaliste Saloom Road Lafayette, LA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: New construction by Manuel Builders; Spacious Units: 1398 sqft; Choose between two floorplans with 2 or 3 bedrooms
