Seven-Unit Multifamily
For Sale
$799,000
426 Bellevue Street, Lafayette, LA 70506
Residential Income, Lafayette, LA
Property Size6,068 SF
Lot Size1.07 Acres
Price / SF$131.67
Days on Market130
Property Features for 426 Bellevue Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
13
Full bathrooms
7
Rooms
Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 9, Bedroom 8, Bedroom 10, Bedroom 5, Bedroom 7, Bathroom 7, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 13, Bathroom 6, Bedroom 11, Bedroom 2, Bedroom 12
Parking
11
Parking features
Covered, Carport, Parking Lot
Interior features
Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection, Gas Stove Connection
Appliances
Dishwasher, Freezer, Refrigerator, Gas Range, Dishwasher, Freezer, Refrigerator, Gas Range
Elementary school
Lafayette
Middle school
L J Alleman
High school
Lafayette
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
Call agent.
Subdivision
G3
Standard status
Active
APN
6055726
Size
6,068 SF
Lot size
1.07 Acres
Taxes and HOA fees
Tax Description
Lots 21 & 22 BLK 12 Souvenir Heights
Legal Description
Lots 21 & 22 BLK 12 Souvenir Heights
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Floors in Building
1
Number of units
7
Building materials
Vinyl Siding, Wood Siding
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Nick Hundley · License #995686646
(337) 789-6539
Added: Jun 9
Changed: Oct 12
Last Checked: Oct 16 at 10:06AM
MLS# 2600005154
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.
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Investment Insights
Based on property information with market context.
This Lafayette rental portfolio comprises seven units across six properties, with 6,068 square feet of building area on 1.07 acres. The mix includes two 3-bedroom, 1-bath homes; two 3-bedroom, 2-bath homes; one 2-bedroom, 2-bath home; and two 1-bedroom, 1-bath units, one of which is an apartment alongside a main house. All units are occupied. The properties are offered together in as-is condition, with no individual sales.
Key Highlights
- Seven residential units across six properties
- 6,068 square feet of building area on 1.07 acres
- Unit mix includes two 3‑bedroom/1‑bath, two 3‑bedroom/2‑bath, one 2‑bedroom/2‑bath, and two 1‑bedroom/1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,443
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,860
$1.0M
Cap Rate 7%
$734,900
$734.9K
Cap Rate 9%
$571,589
$571.6K
Market Conditions
NOI Build-Up for 6,068 SF
Gross rent
$127.4K $21.00/SF
− Vacancy
−$33.9K −$5.59/SF
EGI
$93.5K $15.41/SF
− OpEx
−$42.1K −$6.94/SF
NOI
$51.4K $8.48/SF
Area
Lafayette, LA
Vacancy
26.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,860
Cap Rate 7%
$734,900
Cap Rate 9%
$571,589
Alternative Uses
Best Use
Apartment 5plus
$734.9K
$643.0K – $857.4K
NOI $51,443 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.26M – $1.67M
NOI $100,428 @ 7.0% cap · market cap 12.57%
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
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The occupied rental package spans six Lafayette properties and includes a detached apartment unit.
Where is this multifamily property located?
The property is located at 426 Bellevue Street Lafayette, LA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Seven residential units across six properties; 6,068 square feet of building area on 1.07 acres; Unit mix includes two 3‑bedroom/1‑bath, two 3‑bedroom/2‑bath, one 2‑bedroom/2‑bath, and two 1‑bedroom/1‑bath units
