Two-Unit
For Sale
$185,000
300 Rials Drive, Lafayette, LA 70508
Multifamily, Lafayette, LA
Property Size2,000 SF
Lot Size0.21 Acres
Price / SF$92.50
Days on Market130
Property Features for 300 Rials Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking
4
Appliances
Electric Range, Electric Stove Connection, Electric Range, Electric Stove Connection
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
Additional Details
Tenant in Place
Yes
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
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Number of units
2
Flooring type
Wood, Tile, Vinyl
Building materials
Brick, Frame
Roof type
Composition
Listing Agency:
Cachet Real Estate, LLC
(337) 534-0672
Listed By:
Jarrot Baker · License #0995692417
(225) 718-6515
Added: Jun 18
Changed: Oct 24
Last Checked: Oct 25 at 4:06AM
MLS# 2600005539
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 2,000-square-foot duplex contains two residences: one with three bedrooms and two bathrooms, and another with two bedrooms and two bathrooms. Construction combines brick and frame materials, with wood, tile, and vinyl flooring. Central heating and air conditioning serve the property, which also has public water and sewer service.
The property is fully occupied and generates income. The lot measures 0.21 acres. Tenant privacy is requested; interior access is available after an accepted offer.
The property is fully occupied and generates income. The lot measures 0.21 acres. Tenant privacy is requested; interior access is available after an accepted offer.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms; the other with 2 bedrooms and 2 bathrooms
- 2,000 square feet of building area
- Fully occupied and generating 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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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 - The residences have distinct three-bedroom and two-bedroom layouts, each with two bathrooms.
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: one with 3 bedrooms and 2 bathrooms; the other with 2 bedrooms and 2 bathrooms; 2,000 square feet of building area; Fully occupied and generating income
