New Construction Multifamily
1510 Kaliste Saloom Road Lafayette, LA 70508
1510 Kaliste Saloom Road, Lafayette, LA, 70508
$1,700,000
For Sale
$1,700,000
Commercial Sale, Other - Lafayette, LA
Property Size8,088 SF
Lot Size1.70 Acres
Price / SF$210.19
Days on Market199
Property Features for 1510 Kaliste Saloom Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 8,088 SF
- Lot size
- 1.70 Acres
Building Details
- Architectural style
- Other
Listing Agency
NextHome Cutting Edge Realty
(337) 484-1184
121 Rue Louis XIV, LA
Listed by
Mary Beth Walsh · License #995685130,PersonLicenseNumber
(318) 237-0462
Added: Dec 30, 2025 Checked: Jul 17 at 9:06 am
MLS# 2500006587
Listing URL
Copyright © 2026 NextHome, Inc. 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.
Building 3 in a multi-building residential complex includes 6 units, with each unit measuring 1,398 square feet. The property is described as new construction by Manuel Builders. Two floorplans are available: four units offer two bedrooms with 2.5 bathrooms and a balcony, while two units offer three bedrooms with 2.5 bathrooms and a balcony.
The complex consists of four total buildings and is located at 1510 Kaliste Saloom Road in Lafayette, Louisiana. The HOA is reported to include trash pickup, grounds keeping, and exterior insurance.
This is a straightforward income-producing apartment building configuration within a larger community, with unit layouts split between 2-bedroom and 3-bedroom options and all units featuring balconies.
The complex consists of four total buildings and is located at 1510 Kaliste Saloom Road in Lafayette, Louisiana. The HOA is reported to include trash pickup, grounds keeping, and exterior insurance.
This is a straightforward income-producing apartment building configuration within a larger community, with unit layouts split between 2-bedroom and 3-bedroom options and all units featuring balconies.
Key Highlights
- Building 3 includes 6 units within a 4‑building complex
- Each unit is 1,398 sqft
- Two floorplans: 4 units offer 2 beds, 2.5 baths, plus a balcony
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
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FAQs
What type of property is this?
Apartment building - Building with 6 units, each with a private balcony, offering 2- and 3-bedroom floorplans in a 4-building complex.
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: Building 3 includes 6 units within a 4‑building complex; Each unit is 1,398 sqft; Two floorplans: 4 units offer 2 beds, 2.5 baths, plus a balcony
