Two-Unit Residential
For Sale
$170,000
505 & 507 Cedar Crest Court, Lafayette, LA 70501
Multifamily, Lafayette, LA
Property Size1,457 SF
Lot Size0.20 Acres
Price / SF$116.68
Days on Market109
Property Features for 505 & 507 Cedar Crest Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking
2
Appliances
Gas Range, Refrigerator, Gas Stove Connection, Freezer, Gas Range, Refrigerator, Gas Stove Connection, Freezer
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.
Subdivision
G3
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)
Tax Annual Amount
955
Legal Description
LOTS 19-20-21 BLK 7 WEST END HEIGHTS (75 X 125)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Number of units
2
Flooring type
Wood, Laminate
Building materials
Frame, 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: Oct 24
Last Checked: Oct 25 at 2:06AM
MLS# 2600006305
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.
At 505 and 507 Cedar Crest Court, this duplex comprises a 2-bedroom, 1-bath home and a separate 1-bedroom, 1-bath apartment. The two units total 1,457 square feet on a 0.2-acre lot. Frame construction with vinyl and wood siding, composition roofing, and laminate and wood flooring are noted. Both central heating and central air are present.
Each unit has a gas range and refrigerator, with a gas stove connection and freezer also listed. The property is served by public water and public sewer.
Each unit has a gas range and refrigerator, with a gas stove connection and freezer also listed. The property is served by public water and public sewer.
Key Highlights
- Two units: a 2‑bedroom, 1‑bath home and a 1‑bedroom, 1‑bath apartment
- 1,457 square feet of building area on a 0.2‑acre lot
- Central heating and central air
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.
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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
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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?
Duplex - The property combines a two-bedroom residence with a separate one-bedroom apartment.
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 units: a 2‑bedroom, 1‑bath home and a 1‑bedroom, 1‑bath apartment; 1,457 square feet of building area on a 0.2‑acre lot; Central heating and central air
