One-Story Duplex with Central
For Sale
$189,000
301 Fox Run Ave, Lafayette, LA 70508
Two matching residences offer private laundry hookups and separate utility responsibility for electricity, while ownership covers water, trash, and sewer.
Property Size1,886 SF
Price / SF$100.21
Days on Market83
Property Features for 301 Fox Run Ave
General Information
Standard status
Active
Size
1,886 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
washer/dryer hookups
central A/C
Building Details
Buildings
1
Stories
1
Listing Agency:
Real Broker, LLC
Listed By:
Stephen Hundley · License #995681753
(855) 450-0442
Source:
Athomerealtyla
Added: Jul 25
Changed: Oct 15
Last Checked: Oct 7 at 1:47PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This one-story duplex at 301 Fox Run Ave in Lafayette, Louisiana, contains two residential units totaling 1,886 square feet. Each unit provides two bedrooms, two bathrooms, and 943 square feet of living area. Central A/C serves the property, and both units include washer and dryer hookups.
Utility responsibilities are divided between the occupants and ownership: tenants pay electricity, while the owner pays water, trash, and sewer. The property is located in the 70508 ZIP code, and no flood insurance is required.
Utility responsibilities are divided between the occupants and ownership: tenants pay electricity, while the owner pays water, trash, and sewer. The property is located in the 70508 ZIP code, and no flood insurance is required.
Key Highlights
- Two‑unit duplex with 1,886 square feet total
- Each unit has 2 bedrooms, 2 bathrooms, and 943 sqft
- One‑story layout with central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,989
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,780
$319.8K
Cap Rate 7%
$228,414
$228.4K
Cap Rate 9%
$177,656
$177.7K
Market Conditions
NOI Build-Up for 1,886 SF
Gross rent
$39.6K $21.00/SF
− Vacancy
−$10.5K −$5.59/SF
EGI
$29.1K $15.41/SF
− OpEx
−$13.1K −$6.94/SF
NOI
$16.0K $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%
$319,780
Cap Rate 7%
$228,414
Cap Rate 9%
$177,656
Alternative Uses
Best Use
Multifamily LT 5
$252.0K
$220.5K – $294.0K
NOI $17,640 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$228.4K
$199.9K – $266.5K
NOI $15,989 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$445.9K
$390.2K – $520.2K
NOI $31,214 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
574
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer private laundry hookups and separate utility responsibility for electricity, while ownership covers water, trash, and sewer.
Where is this duplex located?
The property is located at 301 Fox Run Ave Lafayette, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,886 square feet total; Each unit has 2 bedrooms, 2 bathrooms, and 943 sqft; One‑story layout with central A/C
