Duplex with Private Fenced
For Sale
$189,000
222 Ryder Drive, Lafayette, LA 70508
Each residence includes two bedrooms, one-and-a-half bathrooms, laundry connections, and a separately enclosed backyard.
Property Size2,052 SF
Price / SF$92.11
Days on Market146
Property Features for 222 Ryder Drive
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
private fenced backyard
washer/dryer connections
Building Details
Buildings
1
Listing Agency:
ICON Real Estate Co
(337) 534-4099
Listed By:
Jenny Hale · License #995712583
(337) 278-6728
Source:
Exprealty
Added: Jun 8
Changed: Oct 29
Last Checked: Oct 30 at 5:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ICON Real Estate Co
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Investment Insights
Based on property information with market context.
This 2,052-square-foot duplex contains two residences, each with two bedrooms, one-and-a-half bathrooms, washer and dryer connections, and a private fenced backyard. Appliances are included, excluding items belonging to tenants. Exterior painting is underway, and long-term tenants are in place. LUS provides water and sewer service; SLEMCO supplies electricity.
The property is off Highway 89 and within five minutes of Costco, Target, and a range of retail and grocery stores. Employment opportunities along the Energy Corridor are also nearby.
The property is off Highway 89 and within five minutes of Costco, Target, and a range of retail and grocery stores. Employment opportunities along the Energy Corridor are also nearby.
Key Highlights
- 2,052‑square‑foot duplex with long‑term tenants in place
- Both residences have two bedrooms and one‑and‑a‑half bathrooms
- Each unit includes washer and dryer connections and a private fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,396
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,920
$347.9K
Cap Rate 7%
$248,514
$248.5K
Cap Rate 9%
$193,289
$193.3K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$43.1K $21.00/SF
− Vacancy
−$11.5K −$5.59/SF
EGI
$31.6K $15.41/SF
− OpEx
−$14.2K −$6.94/SF
NOI
$17.4K $8.48/SF
Area
Lafayette, LA
Vacancy
26.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,920
Cap Rate 7%
$248,514
Cap Rate 9%
$193,289
Alternative Uses
Best Use
Multifamily LT 5
$274.2K
$239.9K – $319.9K
NOI $19,193 @ 7.0% cap · market cap 10.16%
Second Best
Apartment 5plus
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$485.2K
$424.5K – $566.0K
NOI $33,961 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one-and-a-half bathrooms, laundry connections, and a separately enclosed backyard.
Where is this duplex located?
The property is located at 222 Ryder Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 2,052‑square‑foot duplex with long‑term tenants in place; Both residences have two bedrooms and one‑and‑a‑half bathrooms; Each unit includes washer and dryer connections and a private fenced backyard
