309 Knollwood Drive, Lafayette, LA 70506
MULTI_FAMILY - Lafayette, LA
- Added:
- Jun 19, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 20 at 3:06 pm
Property Features for 309 Knollwood Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Standard status
- Active
- APN
- 6039235
- Size
- 1,300 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Description
- LOT 91 PLAZA VILLAGE SUBDV EXT VI (85X185.27X91.80X216.23)
Building Details
- Number of units
- 2
- Building materials
- Brick
Listing agent Jamie Knight License #69168 (337) 654-3174
Listing office Real Broker, LLC 300 Rue Beauregard, Unit I, Baton Rouge, LA (337) 534-0555
Listing date Jun 19, 2026
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.
HighLights
- 2‑unit rental property generating $1,475/month and $17,700/year in rental income
- Long‑term tenants in place
- Brick construction
- Full financials available by request, including lease copies and insurance, property tax, and expense estimates
Overview
The property is located at 309 Knollwood Drive in Lafayette, Louisiana (70506). This offering is part of a larger portfolio of investment rental properties currently listed for sale, with additional homes expected to become available.
For buyers seeking a ready-to-rent duplex, the current tenant occupancy and available financial documentation can help streamline evaluation. The property may be purchased individually, or along with other homes in the portfolio, depending on your acquisition approach and desired scope.
Local Financial Insights For Multifamily LT 5
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 | $23.2k | $17.88 |
| − Vacancy | −$5.9k | −$4.52 |
| EGI | $17.4k | $13.36 |
| − OpEx | −$5.2k | −$4.01 |
| NOI | $12.2k | $9.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.073776
- Latitude
- 30.202057