Two-Unit Duplex
For Sale
$170,000
505 & 507 Cedar Crest Court, Lafayette, LA 70501
Residential Income, Lafayette, LA
Property Size1,457 SF
Lot Size0.20 Acres
Price / SF$116.68
Days on Market90
Property Features for 505 & 507 Cedar Crest Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2
Parking
2
Interior features
Gas Stove Connection
Appliances
Freezer, Refrigerator, Gas Range
Subdivision
West End Hgts
Elementary school
Lafayette
Middle school
Acadian
High school
Lafayette
Elementary school district
Lafayette Parish
Middle school district
Lafayette Parish
High school district
Lafayette Parish
Directions
Travel West on Simcoe St, take left on Cedar Crest Ct, House is on right.
Standard status
Active
APN
6030328
Size
1,457 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
LOTS 19-20-21 BLK 7 WEST END HEIGHTS (75 X 125)
Legal Description
LOTS 19-20-21 BLK 7 WEST END HEIGHTS (75 X 125)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Number of units
2
Flooring type
Laminate, Wood
Building materials
Vinyl Siding, Wood Siding
Roof type
Composition
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Nick Hundley · License #995686646
(337) 789-6539
Added: Jul 9
Changed: Sep 13
Last Checked: Oct 6 at 6:06PM
MLS# 2600006305
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 duplex property includes two separate residences: a 2-bedroom, 1-bath home and a 1-bedroom, 1-bath apartment. The combined property measures 1,457 square feet on a 0.2-acre lot, providing a compact two-unit configuration at 505 and 507 Cedar Crest Court.
Interior features include a gas stove connection, refrigerator, freezer, and gas range. Central heating and central air serve the residences, while laminate and wood flooring are paired with vinyl and wood siding. The property has a composition roof and public water service.
Interior features include a gas stove connection, refrigerator, freezer, and gas range. Central heating and central air serve the residences, while laminate and wood flooring are paired with vinyl and wood siding. The property has a composition roof and public water service.
Key Highlights
- Two residences: a 2‑bedroom, 1‑bath home and a 1‑bedroom, 1‑bath apartment
- 1,457 square feet across the two‑unit property
- 0.2‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,628
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,560
$272.6K
Cap Rate 7%
$194,686
$194.7K
Cap Rate 9%
$151,422
$151.4K
Market Conditions
NOI Build-Up for 1,457 SF
Gross rent
$26.1K $17.88/SF
− Vacancy
−$6.6K −$4.52/SF
EGI
$19.5K $13.36/SF
− OpEx
−$5.8K −$4.01/SF
NOI
$13.6K $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%
$272,560
Cap Rate 7%
$194,686
Cap Rate 9%
$151,422
Alternative Uses
Best Use
Multifamily LT 5
$194.7K
$170.4K – $227.1K
NOI $13,628 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$176.5K
$154.4K – $205.9K
NOI $12,352 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$344.5K
$301.4K – $401.9K
NOI $24,114 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,629
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences combine a two-bedroom home with a one-bedroom apartment and shared residential utility infrastructure.
Where is this duplex located?
The property is located at 505 & 507 Cedar Crest Court Lafayette, LA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two residences: a 2‑bedroom, 1‑bath home and a 1‑bedroom, 1‑bath apartment; 1,457 square feet across the two‑unit property; 0.2‑acre lot
