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Cottage with Garage Apartment
For Sale
$119,900

201 Alex Street, Lafayette, LA 70506

MULTI_FAMILY - Lafayette, LA

Property Size1,554 SF
Price / SF$77.16
Days on Market645

Property Features for 201 Alex Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Full bathrooms 2
Rooms Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
Parking 5
Parking features Garage
Window features Window Treatments
Patio and Porch features Porch
Interior features Window Treatments, Electric Dryer Connection, Electric Washer Connection
Exterior features Lighting, Outside Light, Porch
Appliances Refrigerator, Gas Range
Subdivision Center Town
Lot features Level
Elementary school Westside
Middle school Scott
High school Lafayette
Elementary school district Lafayette Parish
Middle school district Lafayette Parish
High school district Lafayette Parish
Directions From Johnston St, go north on College, cross Congress St, turn right on Banks (Post office on corner), turn right on Cameron St, go 1 block, turn right on Alex St, Home on left, no sign in yard
Standard status Active
APN 6052316
Size 1,554 SF

Taxes and HOA fees

Tax Description lot 11 and 10' of lot 10, Center Town Subdivision, Lafayette Parish, Louisiana
Legal Description lot 11 and 10' of lot 10, Center Town Subdivision, Lafayette Parish, Louisiana

Utilities

Heating system Natural Gas, Electric (Heating), Wall Furnace
Cooling system Ceiling Fan(s), Window Unit(s)
Water source Public

Building Details

Number of units 2
Flooring type Wood, Vinyl, Carpet
Building materials Asbestos, Wood Siding
Roof type Composition
Listing Agency: Gateway Realty, Inc.
Listed By: Jay Smith · License #9189
Added: Nov 22, 2024 Changed: May 14 Last Checked: Aug 29 at 2:06AM
MLS# 24010751

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 property features a cottage with a rear garage apartment, situated in a quiet neighborhood with convenient access to Ambassador Caffery, Congress Street, and the Cajun Field complex. The cottage includes two bedrooms and one bathroom, along with a large eat-in kitchen equipped with a range oven, refrigerator, and a small pantry. The home is equipped with three window heat/cool units and a large wall heater. Flooring consists of carpet in the living room, vinyl in the kitchen and bathroom, and wood floors in the bedrooms. The property is currently leased, with the cottage rented for $800 and the garage apartment for $450. The property size is 1554 square feet.

Key Highlights

  • Income‑producing property: Main house and garage apartment are currently leased for a combined $1250/month.
  • Convenient location: Close proximity to Ambassador Caffery, Congress St, and Cajun Field complex.
  • Garage apartment: Offers potential for additional rental income or guest accommodations.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office (Bike/Boat/Book/etc) Store Catering Service Daycare Center Bakery

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

Location Intelligence

Trade Area within ½ mile

506
Businesses Nearby

Demographics for 70506, LA

39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-bedroom cottage with rear garage apartment in quiet neighborhood.
Where is this duplex located?
The property is located at 201 Alex Street Lafayette, LA.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Income‑producing property: Main house and garage apartment are currently leased for a combined $1250/month.; Convenient location: Close proximity to Ambassador Caffery, Congress St, and Cajun Field complex.; Garage apartment: Offers potential for additional rental income or guest accommodations.
More about this property
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