Duplex with Two Distinct
300 Rials Drive Lafayette, LA 70508
For Sale
$185,000
MULTI_FAMILY - Lafayette, LA
Property Size2,000 SF
Lot Size0.21 Acres
Price / SF$92.50
Days on Market37
Property Features for 300 Rials Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 2, Bedroom 1
- Parking
- 4
- Interior features
- Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
- Appliances
- Electric Range
- 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
Utilities
- 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: Jun 24
Last Checked: Jul 24 at 2:06AM
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 duplex is configured as two separate units. One unit features 3 bedrooms and 2 bathrooms, while the other unit offers 2 bedrooms and 2 bathrooms. The property is fully occupied, with monthly income generated from existing tenants.
Located in Lafayette, Louisiana, the asset sits on a small lot and is offered for sale. Interior viewing is available only with an accepted offer, and tenants should not be disturbed.
For buyers seeking a multi-family entry point or additional portfolio “doors,” the property provides two unit types within a single duplex structure. With both units currently occupied, it may appeal to investors looking for immediate tenant presence, while owner-occupants may also value the clear two-unit layout for future flexibility. Interested parties can review the interior units after submitting and receiving acceptance for an offer.
Located in Lafayette, Louisiana, the asset sits on a small lot and is offered for sale. Interior viewing is available only with an accepted offer, and tenants should not be disturbed.
For buyers seeking a multi-family entry point or additional portfolio “doors,” the property provides two unit types within a single duplex structure. With both units currently occupied, it may appeal to investors looking for immediate tenant presence, while owner-occupants may also value the clear two-unit layout for future flexibility. Interested parties can review the interior units after submitting and receiving acceptance for an offer.
Key Highlights
- Duplex with one unit featuring 3 bedrooms and 2 bathrooms and a second unit with 2 bedrooms and 2 bathrooms
- Both units are fully occupied and generating monthly income
- Brick construction with a composition roof
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $21.00 |
| − Vacancy | −$11.2k | −$5.59 |
| EGI | $30.8k | $15.41 |
| − OpEx | −$13.9k | −$6.94 |
| NOI | $17.0k | $8.48 |
2,000 SF · lease $21.00/SF/yr · vacancy 26.60% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offering two occupied residences with separate 3-bed/2-bath and 2-bed/2-bath layouts.
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: Duplex with one unit featuring 3 bedrooms and 2 bathrooms and a second unit with 2 bedrooms and 2 bathrooms; Both units are fully occupied and generating monthly income; Brick construction with a composition roof
