Residential Income
505 & 507 Cedar Crest Court Lafayette, LA 70501
For Sale
$170,000
MULTI_FAMILY - Lafayette, LA
Property Size1,457 SF
Lot Size0.20 Acres
Price / SF$116.68
Days on Market16
Property Features for 505 & 507 Cedar Crest Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
- Parking
- 2
- Interior features
- Gas Stove Connection
- Appliances
- Freezer, Refrigerator, Gas Range
- 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)
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Number of units
- 2
- Flooring type
- Wood, Laminate
- 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: Jul 15
Last Checked: Jul 24 at 5:06AM
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 residential income duplex includes two separate units at 505 and 507 Cedar Crest Court in Lafayette. The 505 unit offers two bedrooms and one bathroom, while the 507 unit is a one-bedroom, one-bath apartment.
The property is listed for sale in Lafayette, Louisiana. With its two-unit configuration, the duplex provides straightforward housing options within a single ownership opportunity.
The property is listed for sale in Lafayette, Louisiana. With its two-unit configuration, the duplex provides straightforward housing options within a single ownership opportunity.
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 | $26.1k | $17.88 |
| − Vacancy | −$6.6k | −$4.52 |
| EGI | $19.5k | $13.36 |
| − OpEx | −$5.8k | −$4.01 |
| NOI | $13.6k | $9.35 |
1,457 SF · lease $17.88/SF/yr · vacancy 25.27% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate units include a 2-bedroom, 1-bath home and a 1-bedroom, 1-bath 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.
