Lafayette Multifamily Investment
For Sale
$420,000
406 Voorhies St, Lafayette, LA 70501
Six-unit multifamily property in downtown Lafayette with immediate rental income.
Property Size5,300 SF
Price / SF$79.25
Days on Market731
Property Features for 406 Voorhies St
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Multifamily
Building Details
Year Built
1860
Listing Agency:
Elifin Realty
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Lacdb.resimplifi
Added: Oct 23, 2024
Changed: Oct 13
Last Checked: Oct 20 at 5:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elifin Realty
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Investment Insights
Based on property information with market context.
Located in downtown Lafayette, near the UL campus, the property at 406 and 408 Voorhies St is a 6-unit multifamily building. The property offers immediate rental income, as all six units are currently occupied, with potential to increase rental rates. The roof was replaced in 2023, and three of the six units were remodeled in the same year. The property is near Steven’s Fine Food & Seafood Market, Coffeeweed Cottage, Brown Skillet Downtown, the Lafayette Public Library, the Lafayette Science Museum, and the Children’s Museum of Acadiana. The property size is 5300 square feet.
Key Highlights
- Immediate rental income from 6 occupied units.
- Roof replaced in 2023.
- Three of six units remodeled in 2023.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
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Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property in downtown Lafayette with immediate rental income.
Where is this apartment building located?
The property is located at 406 Voorhies St Lafayette, LA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Immediate rental income from 6 occupied units.; Roof replaced in 2023.; Three of six units remodeled in 2023.
