One-Story
For Sale
$189,000
Pending
301 Fox Run Avenue, Lafayette, LA 70508
Residential Income, Lafayette, LA
Property Size1,886 SF
Days on Market191
Property Features for 301 Fox Run Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1
Parking
4
Parking features
Parking Lot
Interior features
Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
Fencing
Privacy
Appliances
Refrigerator
Subdivision
Oakcreek
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
Pinhook Rd., turn right onto Board Rd., continue onto Fox Run, property is on the left.
Standard status
Pending
APN
6027652
Size
1,886 SF
Taxes and HOA fees
Tax Description
LOT 45 OAKCREEK SUB PH II
HOA Fee
$125 Quarterly
Legal Description
LOT 45 OAKCREEK SUB PH II
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
central A/C
Building Details
Floors in Building
1
Number of units
2
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Stephen Hundley · License #995681753
(337) 789-6538
Added: Feb 19
Changed: Aug 20
Last Checked: Aug 29 at 2:06AM
MLS# 2600001202
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 1,886-square-foot duplex contains two residential units, each measuring 943 square feet with two bedrooms and two bathrooms. Both units include washer and dryer connections, refrigerator appliances, central air conditioning, and central heating. The property also features wood siding, a composition roof, privacy fencing, and a parking lot.
Located at 301 Fox Run Avenue in Lafayette, Louisiana 70508, the property is served by public water. Electricity is paid by tenants, while water, trash, and sewer are handled by the owner. The source information also states that flood insurance is not required.
Located at 301 Fox Run Avenue in Lafayette, Louisiana 70508, the property is served by public water. Electricity is paid by tenants, while water, trash, and sewer are handled by the owner. The source information also states that flood insurance is not required.
Key Highlights
- Two‑unit duplex totaling 1,886 square feet
- Each unit is 943 square feet with 2 bedrooms and 2 bathrooms
- Washer and dryer connections in both units
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
$15,989
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
8.46%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residential units offer practical layouts with in-unit laundry connections and central air conditioning.
Where is this duplex located?
The property is located at 301 Fox Run Avenue 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 totaling 1,886 square feet; Each unit is 943 square feet with 2 bedrooms and 2 bathrooms; Washer and dryer connections in both units
