Two-Unit
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 Market107
Property Features for 505 & 507 Cedar Crest Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking
2
Interior features
Gas Stove Connection
Appliances
Freezer, Refrigerator, Gas Range, 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
Sewer type
Public Sewer
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: Oct 12
Last Checked: Oct 23 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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex comprises two residences at 505 and 507 Cedar Crest Court. One is a two-bedroom home; the other is a one-bedroom apartment. The property contains 1,457 square feet on a 0.2-acre lot.
Central heating and air conditioning serve the property. Public water and sewer are available, and listed interior features include a gas stove connection, wood and laminate flooring, and a composition roof.
Central heating and air conditioning serve the property. Public water and sewer are available, and listed interior features include a gas stove connection, wood and laminate flooring, and a composition roof.
Key Highlights
- Two residences at 505 and 507 Cedar Crest Court
- 1,457 square feet of property area
- 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer a two-bedroom home and 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 residences at 505 and 507 Cedar Crest Court; 1,457 square feet of property area; 0.2‑acre lot
