Updated
For Sale
$335,000
500 Adrienne Street, Lafayette, LA 70506
Multifamily, Lafayette, LA
Property Size3,000 SF
Lot Size0.23 Acres
Price / SF$111.67
Days on Market192
Property Features for 500 Adrienne Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 5
Parking
5
Patio and Porch features
Patio
Exterior features
Lighting
Fencing
Privacy
Appliances
Electric Cooktop, Refrigerator, Electric Cooktop, Refrigerator
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
Additional Details
Tenant in Place
Yes
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
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Number of units
4
Flooring type
Tile, Vinyl
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 23
Last Checked: Oct 25 at 1:06AM
MLS# 2600003299
Copyright © 2026 ROAM MLS. 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 brick fourplex contains 3,000 square feet across four residential units. Three apartments have one bedroom and one bathroom each; the fourth has two bedrooms and two bathrooms and is updated. All units are leased. Interior finishes include tile and vinyl flooring, with central heating and air conditioning. The property also has a patio, privacy fencing, exterior lighting, and a composition roof.
Set on a 0.23-acre parcel in Lafayette, the property is served by public water and public sewer, with cable available.
Set on a 0.23-acre parcel in Lafayette, the property is served by public water and public sewer, with cable available.
Key Highlights
- Four‑unit multifamily property with 3,000 square feet on 0.23 acres
- Three 1‑bedroom/1‑bath units and one updated 2‑bedroom/2‑bath unit
- All four residences are leased
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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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?
Quadplex - Four leased residences include a renovated two-bedroom, two-bath unit alongside three one-bedroom, one-bath units.
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‑unit multifamily property with 3,000 square feet on 0.23 acres; Three 1‑bedroom/1‑bath units and one updated 2‑bedroom/2‑bath unit; All four residences are leased
