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    Turnkey Duplex with Two Units Title is generated by Realmo AI

    309 Knollwood Drive, Lafayette, LA 70506

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    Claim this Listing
    New
    For Sale
    $140,000

    MULTI_FAMILY - Lafayette, LA

    Property size:
    1,300 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $107/SF
    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

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    Listing Contact
    Jamie Knight

    Listing agent Jamie Knight License #69168

    Listing office Real Broker, LLC 300 Rue Beauregard, Unit I, Baton Rouge, LA

    Listing date Jun 19, 2026

    MLS# 2600005572 Listing URL

    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

    This turnkey two-unit duplex is offered as a complete rental property with long-term tenants in place. The home is described as very well maintained, and it includes existing income from both units. The property size is listed at 1,300 square feet on a 0.39-acre lot. Seller-provided information states it is generating $1,475 per month and $17,700 per year in rental income, with full financials available by request, including lease copies and estimates for insurance, property taxes, and other expenses. Optional built-in management services are also described as available if needed, though they are not required.

    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
    1,300 SF · lease $17.88/SF/yr · vacancy 25.27% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $173.7K
    $152.0K – $202.7K (±1% cap)
    NOI $12,159 @ 7.0% cap · market cap 8.69%
    Second Best
    Apartment 5plus
    $157.4K
    $137.8K – $183.7K (±1% cap)
    NOI $11,021 @ 7.0% cap · market cap 7.87%
    Theoretical Best
    Office A
    $307.4K
    $269.0K – $358.6K (±1% cap)
    NOI $21,516 @ 7.0% cap · market cap 15.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.073776
    Latitude
    30.202057

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-unit duplex currently leased with provided rental income figures and available documentation.
    Where is this duplex located?
    The property is located at 309 Knollwood Drive Lafayette, LA.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: 2‑unit rental property generating $1,475/month and $17,700/year in rental income; Long‑term tenants in place; Brick construction
    More about this property
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