12-Unit Apartment
For Sale
$670,000
314 Deare Street, New Iberia, LA 70560
Residential Income, New Iberia, LA
Property Size5,712 SF
Price / SF$117.30
Days on Market508
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, Dishwasher, Refrigerator, Electric Range
Subdivision
Twin Circle
Elementary school
Call School Board
Middle school
Call School Board
High school
Call School Board
Elementary school district
Iberia Parish
Middle school district
Iberia Parish
High school district
Iberia Parish
Directions
St Peter Street going East turn right on Deare St. Apartments on the right.
Standard status
Active
APN
0503471000
Size
5,712 SF
Taxes and HOA fees
Tax Description
BEING LOTS 15 & 16, TWIN CIRCLE SUB
Legal Description
BEING LOTS 15 & 16, TWIN CIRCLE SUB
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Number of units
12
Flooring type
Vinyl
Building materials
Block
Roof type
Composition
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Nah Senpeng · License #99562982
(337) 349-8869
Added: May 24, 2025
Changed: Oct 8
Last Checked: Oct 13 at 9:06AM
MLS# 2020024186
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 5,712-square-foot apartment property contains 12 residences: 11 one-bedroom units and one two-bedroom unit. The single-story building has block construction and was fully renovated. Interior features include vinyl flooring and window-unit cooling.
The property has a parking lot, public water, and public sewer. Units are equipped with dishwashers, refrigerators, and electric ranges.
The property has a parking lot, public water, and public sewer. Units are equipped with dishwashers, refrigerators, and electric ranges.
Key Highlights
- 12 residences: 11 one‑bedroom units and one two‑bedroom unit
- 5,712‑square‑foot, single‑story apartment property
- Fully renovated building with block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,872
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,440
$697.4K
Cap Rate 7%
$498,171
$498.2K
Cap Rate 9%
$387,467
$387.5K
Market Conditions
NOI Build-Up for 5,712 SF
Gross rent
$68.5K $12.00/SF
− Vacancy
−$5.1K −$0.90/SF
EGI
$63.4K $11.10/SF
− OpEx
−$28.5K −$5.00/SF
NOI
$34.9K $6.11/SF
Area
Iberia County, LA
Vacancy
7.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,440
Cap Rate 7%
$498,171
Cap Rate 9%
$387,467
Alternative Uses
Best Use
Apartment 5plus
$498.2K
$435.9K – $581.2K
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
NOI $66,131 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - A single-level property combines one- and two-bedroom residences.
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: 12 residences: 11 one‑bedroom units and one two‑bedroom unit; 5,712‑square‑foot, single‑story apartment property; Fully renovated building with block construction
