Mixed-Use Property with Barn
For Sale
$645,000
2433 E Milton Ave, Youngsville, LA 70592
The site pairs a restored historic residence with a separate loft apartment and pond.
Property Size3,341 SF
Lot Size1.00 Acre
Price / SF$193.06
Days on Market16
Property Features for 2433 E Milton Ave
General Information
Standard status
Active
Size
3,341 SF
Lot size
1.00 Acre
Property subtype
Other
Zoning
Mixed
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
2008
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Blake Landry · License #995709225
(337) 344-0850
Source:
Lacdb.resimplifi
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 28 at 4:41AM
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 Keller Williams Realty Acadiana
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2433 E Milton Ave, the mixed-use property brings together a restored historic home and a separate barn apartment with a loft. The 1-acre parcel also includes a pond, providing distinct outdoor space alongside the buildings.
The property contains 3,341 square feet and is identified as built in 2008. It fronts E Milton Avenue in Youngsville.
The property contains 3,341 square feet and is identified as built in 2008. It fronts E Milton Avenue in Youngsville.
Key Highlights
- 1‑acre parcel with a restored historic home and separate barn apartment
- Barn apartment includes a loft
- Pond on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,565
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,300
$671.3K
Cap Rate 7%
$479,500
$479.5K
Cap Rate 9%
$372,944
$372.9K
Market Conditions
NOI Build-Up for 3,341 SF
Gross rent
$60.1K $18.00/SF
− Vacancy
−$6.4K −$1.93/SF
EGI
$53.7K $16.07/SF
− OpEx
−$20.1K −$6.03/SF
NOI
$33.6K $10.05/SF
Area
Lafayette County, LA
Vacancy
10.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,300
Cap Rate 7%
$479,500
Cap Rate 9%
$372,944
Alternative Uses
Best Use
Mixed Use
$479.5K
$419.6K – $559.4K
NOI $33,565 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$789.9K
$691.2K – $921.6K
NOI $55,295 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 70592, LA
28,975
Population
11,583
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
682
Density / Sq Mi
$93,453
Median Household Income
$53,063
Median Earnings
$1,106
Median Rent
$239,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - The site pairs a restored historic residence with a separate loft apartment and pond.
Where is this mixed-use property located?
The property is located at 2433 E Milton Ave Youngsville, LA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 1‑acre parcel with a restored historic home and separate barn apartment; Barn apartment includes a loft; Pond on the property
