Two-Unit
For Sale
$185,000
300 Rials Drive, Lafayette, LA 70508
Residential Income, Lafayette, LA
Property Size2,000 SF
Lot Size0.21 Acres
Price / SF$92.50
Days on Market118
Property Features for 300 Rials Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 2
Parking
4
Interior features
Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
Appliances
Electric Range, Electric Range
Subdivision
Holiday Mobile Estates
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
From Ambassador Caffery Pkwy, turn left onto Bonin Rd. Turn right onto Al Pearson Dr., then turn right onto Rials Dr. House at right of Rials Dr.
Standard status
Active
APN
6039417
Size
2,000 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
LOT 113 HOLIDAY MOBILE ESTATES
Legal Description
LOT 113 HOLIDAY MOBILE ESTATES
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Number of units
2
Flooring type
Wood, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
Cachet Real Estate, LLC
(337) 534-0672
Listed By:
Jarrot Baker · License #0995692417
(337) 465-1016
Added: Jun 18
Changed: Oct 8
Last Checked: Oct 13 at 9:06AM
MLS# 2600005539
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 2,000-square-foot brick duplex in Lafayette contains two residences: one with 3 bedrooms and 2 bathrooms, and another with 2 bedrooms and 2 bathrooms. The property sits on a 0.21-acre lot and has central electric heating and central air conditioning, along with public water and sewer service.
The units are occupied. Tenant privacy is requested, and interior access is available after an accepted offer.
The units are occupied. Tenant privacy is requested, and interior access is available after an accepted offer.
Key Highlights
- Two residences totaling 2,000 square feet
- Unit mix: one 3‑bedroom, 2‑bathroom residence and one 2‑bedroom, 2‑bathroom residence
- Fully occupied and producing rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,955
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,100
$339.1K
Cap Rate 7%
$242,214
$242.2K
Cap Rate 9%
$188,389
$188.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$42.0K $21.00/SF
− Vacancy
−$11.2K −$5.59/SF
EGI
$30.8K $15.41/SF
− OpEx
−$13.9K −$6.94/SF
NOI
$17.0K $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%
$339,100
Cap Rate 7%
$242,214
Cap Rate 9%
$188,389
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.8K
NOI $18,706 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$242.2K
$211.9K – $282.6K
NOI $16,955 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
310
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and generating rental income.
Where is this duplex located?
The property is located at 300 Rials Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two residences totaling 2,000 square feet; Unit mix: one 3‑bedroom, 2‑bathroom residence and one 2‑bedroom, 2‑bathroom residence; Fully occupied and producing rental income
