2-Unit Duplex with Central
New
For Sale
$189,000
301 Fox Run Avenue, Lafayette, LA 70508
Multifamily, Lafayette, LA
Property Size1,886 SF
Lot Size0.13 Acres
Price / SF$100.21
Days on Market2
Property Features for 301 Fox Run Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3
Parking
4
Parking features
Parking Lot
Fencing
Privacy
Appliances
Refrigerator, Electric Stove Connection, Refrigerator, Electric Stove Connection
Subdivision
Oakcreek
Lot features
Level
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
Active
APN
6027652
Size
1,886 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
central A/C
Building Details
Year built
1988
Number of units
2
Building materials
Frame, Wood Siding
Roof type
Composition
Buildings
1
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Stephen Hundley · License #995681753
(337) 789-6538
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 3:06PM
MLS# 200IFP
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.
Built in 1988, this single-story duplex contains 1,886 square feet across two residences, each with two bedrooms and two bathrooms. Both units include washer and dryer hookups and central air conditioning. The property sits on a 0.1309-acre lot, with public water and sewer service.
Electricity is paid by tenants; the owner covers water, trash and sewer service. Parking is provided in a lot, and the grounds include privacy fencing.
Electricity is paid by tenants; the owner covers water, trash and sewer service. Parking is provided in a lot, and the grounds include privacy fencing.
Key Highlights
- Two units, each configured with 2 bedrooms and 2 bathrooms
- 1,886‑square‑foot building on a 0.1309‑acre lot
- Single‑story construction dating to 1988
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.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
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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 - Both residences offer two bedrooms, two bathrooms, laundry hookups 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 units, each configured with 2 bedrooms and 2 bathrooms; 1,886‑square‑foot building on a 0.1309‑acre lot; Single‑story construction dating to 1988
