Four-Rental House Multifamily
For Sale
$850,000
2501 W Willow Street, Scott, LA 70583
MULTI_FAMILY - Scott, LA
Property Size6,287 SF
Lot Size55.00 Acres
Price / SF$135.20
Days on Market268
Property Features for 2501 W Willow Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Carport
Fencing
Chain Link
Lot features
Level
Elementary school
Westside
Middle school
Scott
High school
Acadiana
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
From the intersection of Ambassador Caffery and Willow, head West on Willow. Once Willow makes a left hand turn the subject property will be on your left.
Subdivision
C
Standard status
Active
APN
See Below
Lot size
55.00 Acres
Taxes and HOA fees
Tax Description
See attached surveys
Legal Description
See attached surveys
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition, Metal
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Added: Dec 1, 2025
Changed: Jul 25
Last Checked: Aug 26 at 10:06AM
MLS# 2500006018
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 for-sale multifamily property consists of a 55-acre tract in the city of Scott, Louisiana, improved with four rental houses. Individual homes are described as 2-bedroom/1-bath, 2-bedroom/2-bath, a 3-bedroom/2-bath that is vacant, and a second 3-bedroom/2-bath unit. City sewer and city water are available to the property.
The tract is conveniently located on W. Willow Street in close proximity to I-10 and between Scott and Lafayette. The property has ample frontage on Willow St.
The offering includes current monthly rent details for three of the four rental houses, while one 3-bedroom/2-bath home is noted as vacant. The tract is in flood zone AE and floodway, and it is identified as zoned T-4.
The tract is conveniently located on W. Willow Street in close proximity to I-10 and between Scott and Lafayette. The property has ample frontage on Willow St.
The offering includes current monthly rent details for three of the four rental houses, while one 3-bedroom/2-bath home is noted as vacant. The tract is in flood zone AE and floodway, and it is identified as zoned T-4.
Key Highlights
- 55‑acre tract on W. Willow Street in Scott, LA, near I‑10, with ample Willow St. frontage
- Zoned T‑4 and served by city sewer and water
- Flood zone AE with floodway noted
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$953,280
$953.3K
Cap Rate 7%
$680,914
$680.9K
Cap Rate 9%
$529,600
$529.6K
Market Conditions
NOI Build-Up for 6,287 SF
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.
Gross rent
$76.2K $12.12/SF
− Vacancy
−$8.1K −$1.29/SF
EGI
$68.1K $10.83/SF
− OpEx
−$20.4K −$3.25/SF
NOI
$47.7K $7.58/SF
Area
Lafayette County, LA
Vacancy
10.64%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$953,280
Cap Rate 7%
$680,914
Cap Rate 9%
$529,600
Alternative Uses
Best Use
Multifamily LT 5
$680.9K
$595.8K – $794.4K
NOI $47,664 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$589.5K
$515.9K – $687.8K
NOI $41,268 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,052 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 70583, LA
11,981
Population
4,476
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
82%
High-School Grad
28.4 sq mi
ZIP Area
422
Density / Sq Mi
$52,856
Median Household Income
$45,131
Median Earnings
$877
Median Rent
$130,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - 55-acre multifamily tract with four rental houses along W. Willow Street, served by city water and sewer.
Where is this quadplex located?
The property is located at 2501 W Willow Street Scott, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 55‑acre tract on W. Willow Street in Scott, LA, near I‑10, with ample Willow St. frontage; Zoned T‑4 and served by city sewer and water; Flood zone AE with floodway noted
