Tenant-Occupied Duplex in
204 Elks Cove Lafayette, LA 70508
For Sale
$190,000
MULTI_FAMILY - Lafayette, LA
Property Size1,900 SF
Lot Size0.15 Acres
Price / SF$100
Days on Market177
Property Features for 204 Elks Cove
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 2
- Parking
- 4
- Patio and Porch features
- Deck
- Interior features
- High Ceilings, Vaulted Ceiling(s), 9+ Ft Ceiling, Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection, Vaulted Ceilings
- Exterior features
- Deck
- Fencing
- Privacy
- Appliances
- Dishwasher, Disposal, Refrigerator, Electric Range
- Standard status
- Active
- APN
- 6062139
- Size
- 1,900 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- LOT 56 OAKCREEK SUB PHASE II (60X105)
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Number of units
- 2
- Building materials
- Brick, Wood Siding
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Blake Miller · License #0995699593
(337) 290-6891
Added: Jan 28
Changed: May 14
Last Checked: Jul 24 at 2:06AM
MLS# 2600000374
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 tenant-occupied duplex in Lafayette, Louisiana, presents an investment opportunity. Each unit features 2 bedrooms and 2 full bathrooms. The property includes a new roof, four dedicated parking spaces, and fully fenced private yards with privacy fencing. The property generates $1,790 per month in rental income. The lot size is 0.15 acres, and the property size is 1900 square feet.
Key Highlights
- Tenant‑occupied duplex generating $1,790/month in rental income.
- Each unit has 2 bedrooms and 2 full bathrooms.
- Brand new roof.
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 | $39.9k | $21.00 |
| − Vacancy | −$10.6k | −$5.59 |
| EGI | $29.3k | $15.41 |
| − OpEx | −$13.2k | −$6.94 |
| NOI | $16.1k | $8.48 |
1,900 SF · lease $21.00/SF/yr · vacancy 26.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.9K
$222.1K – $296.2K
NOI $17,771 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$230.1K
$201.4K – $268.5K
NOI $16,108 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$449.2K
$393.1K – $524.1K
NOI $31,446 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Income-generating duplex with new roof and private yards.
Where is this duplex located?
The property is located at 204 Elks Cove Lafayette, LA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Tenant‑occupied duplex generating $1,790/month in rental income.; Each unit has 2 bedrooms and 2 full bathrooms.; Brand new roof.
