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Turnkey 12-Plex in Opportunity Zone

314 Deare Street New Iberia, LA 70560

For Sale

$670,000

MULTI_FAMILY - New Iberia, LA

Property size:

5,712 SF

Price / SF:

$117.30/SF

For Sale

$670,000

MULTI_FAMILY - New Iberia, LA

Property size:

5,712 SF

Price / SF:

$117.30/SF

Added:: May 24, 2025
Days on Market:: 417
Last Refresh:: Jul 14 at 12:06 pm

Property Features for 314 Deare Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking: 24
Parking features: Parking Lot
Appliances: Dishwasher, Refrigerator, Electric Range
Standard status: Active
APN: 0503471000
Size: 5,712 SF

Taxes and HOA fees

Tax Description: BEING LOTS 15 & 16, TWIN CIRCLE SUB

Utilities

Cooling system: Window Unit(s)
Water source: Public

Building Details

Number of units: 12
Flooring type: Vinyl
Building materials: Block
Roof type: Composition

Listing agent Nah Senpeng License #99562982

Listing office Keller Williams Realty Acadiana 100 Asma Blvd, Suite 100, Lafayette, LA

Listing date May 24, 2025

MLS# 2020024186 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.

Investment Insights

Based on property information with market context.

This is a turnkey 12-plex located in an Opportunity Zone. The property features eleven 1-bedroom units and one 2-bedroom unit. The single-story complex has been fully renovated and is designed for easy management and long-term durability, featuring concrete and cinder block construction. The property is low maintenance and ready to generate income immediately. The complex contains 5712 square feet. Showings are available by appointment only.

Key Highlights

Turnkey 12‑Plex: Ready to generate income immediately.
Fully Renovated: Modern updates throughout the complex.
Opportunity Zone: Potential tax benefits for investors.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$68.5k	$12.00
− Vacancy	−$5.1k	−$0.90
EGI	$63.4k	$11.10
− OpEx	−$28.5k	−$5.00
NOI	$34.9k	$6.11

5,712 SF · lease $12.00/SF/yr · vacancy 7.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$498.2K

$435.9K – $581.2K (±1% cap)

NOI $34,872 @ 7.0% cap · market cap 5.20%

Second Best

—

no second resolved use

Theoretical Best

Office A

$944.7K

$826.6K – $1.10M (±1% cap)

NOI $66,131 @ 7.0% cap · market cap 9.87%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Apartment buildings
LA
New Iberia
70560
314 Deare Street

What type of property is this?

Apartment building - Newly remodeled 12-unit complex, ready to generate income.

Where is this apartment building located?

The property is located at 314 Deare Street New Iberia, LA.

What is the asking price?

The asking price for this property is $670,000.

What are key features of this property?

This property features: Turnkey 12‑Plex: Ready to generate income immediately.; Fully Renovated: Modern updates throughout the complex.; Opportunity Zone: Potential tax benefits for investors.

314 Deare Street New Iberia, LA 70560

MULTI_FAMILY - New Iberia, LA

Property Features for 314 Deare Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Turn-Key Dental Office Building

Retail/Office Building with Sales Floor

Downtown Retail Showroom with Annex

Day Care Center with Play Yard

Office/Warehouse Near Acadiana Airport

Divisible Office Building with Parking

Industrial Building with Office Buildout

Self-Service Car Wash Facility

Downtown New Iberia Office Building

Waterfront Mixed-Use Property in New Iberia

Move-in Ready Office Building

New Iberia Flex Space

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