Duplex with Private Fenced
For Sale
$189,000
222 Ryder Drive, Lafayette, LA 70508
Multifamily, Lafayette, LA
Property Size2,052 SF
Lot Size0.11 Acres
Price / SF$92.11
Days on Market140
Property Features for 222 Ryder Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Parking
4
Parking features
Parking Lot
Fencing
Chain Link
Appliances
Electric Range, Refrigerator, Electric Stove Connection, Electric Range, Refrigerator, Electric Stove Connection
Subdivision
Paige Place
Lot features
Level
Elementary school
Drexel
Middle school
Broussard
High school
Comeaux
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
Heading South on Youngsville Hwy, turn left on Nector Haven, then right onto Ryder Dr.
Standard status
Active
APN
6038394
Size
2,052 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOT 2-B HOLIDAY TOWN HOMES SEC 60 T10S R5E (37.5X125)
Legal Description
LOT 2-B HOLIDAY TOWN HOMES SEC 60 T10S R5E (37.5X125)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
fenced backyard
washer and dryer connections
Building Details
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
ICON Real Estate Co
(337) 534-4099
Listed By:
Jenny Hale · License #995712583
(337) 278-6728
Added: Jun 8
Changed: Oct 23
Last Checked: Oct 25 at 3:06AM
MLS# 2600005068
Copyright © 2026 ROAM MLS. 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 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, except those belonging to tenants. Exterior painting is underway, and long-term tenants are in place. The property sits on a 0.11-acre lot.
Highway 89 is nearby. Costco, Target, and other major retailers and grocery stores are within a five-minute drive. Water and sewer service are provided by LUS, with electricity from SLEMCO.
Highway 89 is nearby. Costco, Target, and other major retailers and grocery stores are within a five-minute drive. Water and sewer service are provided by LUS, with electricity from SLEMCO.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 bathrooms
- 2,052 square feet on a 0.11‑acre lot
- Private, fenced backyard for each residence
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
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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 - Both residences have two bedrooms, one-and-a-half baths, and washer and dryer connections.
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: Two residences, each with 2 bedrooms and 1.5 bathrooms; 2,052 square feet on a 0.11‑acre lot; Private, fenced backyard for each residence
