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Apartment Rental Portfolio
For Sale
$325,000

1716 12th Street, Lafayette, LA 70501

Residential Income, Lafayette, LA

Property Size5,000 SF
Lot Size0.10 Acres
Price / SF$65
Days on Market194

Property Features for 1716 12th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Full bathrooms 4
Rooms Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 2
Parking 6
Subdivision Veazey Addition
Elementary school J W Faulk
Middle school Paul Breaux Middle
High school Northside
Elementary school district Lafayette Parish
Middle school district Lafayette Parish
High school district Lafayette Parish
Directions From Evangeline Thruway, turn right onto 12th Street. Home will be on the right side of the road.
Standard status Active
APN 6072850
Size 5,000 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Description W 85FT LOT 11 BLK 9 VEAZEY ADD (50X85)
Legal Description W 85FT LOT 11 BLK 9 VEAZEY ADD (50X85)

Utilities

Sewer type Public Sewer

Building Details

Number of units 6
Building materials Vinyl Siding, Wood Siding
Listing Agency: JL Real Estate, LLC
Listed By: Jacob Landry · License #995682149
Added: Apr 6 Changed: Oct 8 Last Checked: Oct 16 at 6:06AM
MLS# 2600002861

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 Lafayette apartment portfolio comprises six rental properties with a combined reported building area of 5,000 square feet. Vinyl and wood siding are listed among the construction materials, and the properties are served by public sewer.

All units are occupied. The properties are offered only as a single package and will be sold in as-is condition.

Key Highlights

  • Six rental properties offered only as one package
  • All units currently occupied
  • 5,000 square feet of reported property area

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

379
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six occupied rental properties are being offered together and are not available for separate purchase.
Where is this apartment building located?
The property is located at 1716 12th Street Lafayette, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Six rental properties offered only as one package; All units currently occupied; 5,000 square feet of reported property area
More about this property
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