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Lafayette Fourplex in Saint Streets

500 Adrienne Street Lafayette, LA 70506

Claim this Listing
For Sale
$340,000

MULTI_FAMILY - Lafayette, LA

Property size:
3,000 SF
Lot size:
0.23 Acres
Price / SF:
$113.33/SF
Added:
Apr 17, 2026
Days on Market:
89
Last Refresh:
Jul 14 at 9:06 am

Property Features for 500 Adrienne Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bedroom 5, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 3
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
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)

Utilities

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 agent J.D. Pierce License #71851

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

Listing date Apr 17, 2026

MLS# 2600003299 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 multi-family property is a fully tenant-occupied fourplex located in the Saint Streets area of Lafayette, Louisiana. The property includes three 1-bedroom, 1-bathroom units and one updated 2-bedroom, 2-bathroom unit. All four units are currently leased. The property is situated on a 0.23-acre lot. The building has a size of 3,000 square feet.

Key Highlights

  • Fully tenant‑occupied fourplex providing immediate rental income.
  • Located in the highly sought‑after Saint Streets area.
  • Features a mix of unit types: three 1 bed/1 bath and one updated 2 bed/2 bath.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $53.6k $17.88
− Vacancy −$13.6k −$4.52
EGI $40.1k $13.36
− OpEx −$12.0k −$4.01
NOI $28.1k $9.35
3,000 SF · lease $17.88/SF/yr · vacancy 25.27% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$400.9K
$350.8K – $467.7K (±1% cap)
NOI $28,060 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.9K (±1% cap)
NOI $25,433 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K (±1% cap)
NOI $49,651 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Dental Office Pharmacy Plumbing Service (Bike/Boat/Book/etc) Store Veterinary Clinic Skin Care Clinic Real Estate Agency Cafe & Coffee Shop Furniture & Home Goods Gym & Fitness Center

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

FAQs

What type of property is this?
Quadplex - Tenant-occupied fourplex in Lafayette's desirable Saint Streets neighborhood.
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 $340,000.
What are key features of this property?
This property features: Fully tenant‑occupied fourplex providing immediate rental income.; Located in the highly sought‑after Saint Streets area.; Features a mix of unit types: three 1 bed/1 bath and one updated 2 bed/2 bath.
Contact an agent
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