Four-Unit Apartment
For Sale
$335,000
500 Adrienne Street, Lafayette, LA 70506
Residential Income, Lafayette, LA
Property Size3,000 SF
Lot Size0.23 Acres
Price / SF$111.67
Days on Market180
Property Features for 500 Adrienne Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Parking
5
Patio and Porch features
Patio
Interior features
Electric Dryer Connection, Electric Washer Connection
Exterior features
Lighting, Outside Light, Patio
Fencing
Privacy
Appliances
Refrigerator, Electric Cooktop, Refrigerator, Electric Cooktop
Subdivision
Oaklawn
Lot features
Landscaped
Elementary school
Montgomery
Middle school
Lafayette
High school
Lafayette
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
take a right onto W Congress, left onto W St Mary Blvd, right on Jeanne St, then a left onto Adrienne, white house will come up on the right
Standard status
Active
APN
6070026
Size
3,000 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
LOTS 11-12-13-BLK 17-OAKLAWN SUB (75X131.5)
Legal Description
LOTS 11-12-13-BLK 17-OAKLAWN SUB (75X131.5)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
J.D. Pierce · License #71851
(337) 316-4600
Added: Apr 17
Changed: Oct 7
Last Checked: Oct 13 at 9:06AM
MLS# 2600003299
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 3,000-square-foot brick fourplex contains three one-bedroom, one-bathroom apartments and one updated two-bedroom, two-bathroom apartment. Each of the four units is leased. The 0.23-acre property has central heating and air conditioning, tile flooring, and a patio. Public water and sewer serve the property.
Key Highlights
- Four units, all currently leased
- Three 1‑bedroom/1‑bath units and one updated 2‑bedroom/2‑bath unit
- 3,000 square feet on 0.23 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,060
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,200
$561.2K
Cap Rate 7%
$400,857
$400.9K
Cap Rate 9%
$311,778
$311.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$53.6K $17.88/SF
− Vacancy
−$13.6K −$4.52/SF
EGI
$40.1K $13.36/SF
− OpEx
−$12.0K −$4.01/SF
NOI
$28.1K $9.35/SF
Area
Lafayette, LA
Vacancy
25.27%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,200
Cap Rate 7%
$400,857
Cap Rate 9%
$311,778
Alternative Uses
Best Use
Multifamily LT 5
$400.9K
$350.8K – $467.7K
NOI $28,060 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.9K
NOI $25,433 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
577
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
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?
Quadplex - All residences are leased, with a mix of one- and two-bedroom layouts.
Where is this quadplex located?
The property is located at 500 Adrienne Street Lafayette, LA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Four units, all currently leased; Three 1‑bedroom/1‑bath units and one updated 2‑bedroom/2‑bath unit; 3,000 square feet on 0.23 acres
