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 Market277
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: Oct 14, 2025 Checked: Jul 17 at 9:06 am
MLS# 2500004507
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.
This new construction multifamily complex includes four buildings containing a total of six units. Each unit is approximately 1,398 square feet and features a balcony. Two floorplans are available within the community: four units offer 2 bedrooms and 2.5 bathrooms, and two units offer 3 bedrooms and 2.5 bathrooms.
The property is located at 1510 Kaliste Saloom Road in Lafayette, Louisiana. An HOA is in place and includes trash pickup, grounds keeping, and exterior insurance.
Built by Manuel Builders, the community is configured to provide a mix of unit sizes while maintaining consistent layouts with 2.5-bathroom designs and balcony access across the available floorplans.
The property is located at 1510 Kaliste Saloom Road in Lafayette, Louisiana. An HOA is in place and includes trash pickup, grounds keeping, and exterior insurance.
Built by Manuel Builders, the community is configured to provide a mix of unit sizes while maintaining consistent layouts with 2.5-bathroom designs and balcony access across the available floorplans.
Key Highlights
- 6‑unit building within a 4‑building complex
- Each unit is 1,398 sqft
- Two floorplans: 4 units with 2 bed/2.5 bath plus 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
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Four-building complex with six units, each offering a private balcony and two distinct 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: 6‑unit building within a 4‑building complex; Each unit is 1,398 sqft; Two floorplans: 4 units with 2 bed/2.5 bath plus balcony
