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Ten-Unit Residential Income Property
For Sale
Contact for pricing
Pending

513 Johnston St, Lafayette, LA 70501

Ten-unit multifamily complex with a mix of studio, one-, two-, and three-bedroom apartments.

Property SizeContact for details
Days on Market152

Property Features for 513 Johnston St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 10

Building Details

Tenancy Multi
Listing Agency: Polatnick Properties, Inc.
Listed By: Marianne Dean · License #CA
Source: Crexi
Added: Apr 10 Changed: Aug 16 Last Checked: Sep 6 at 9:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Polatnick Properties, Inc.

Investment Insights

Based on property information with market context.

This for-sale multifamily property is a 10-unit residential income complex with a unit mix that includes three studio apartments, three 1-bedroom units, three 2-bedroom units, and one 3-bedroom unit. The building is described as having generated total gross income of $67,320.00.

The property is located on Johnston St in Lafayette, LA, and is described as within walking distance to both UL campus and downtown. Public remarks also note that the complex sits on the Margi Gras parade route.

As configured, the community offers a range of apartment sizes across studios through three-bedroom layouts, supporting a diversified tenant base within a single building.

Key Highlights

  • 10‑unit multifamily complex on Johnston St
  • Unit mix: 3 studio apartments, 3 one‑bedroom, 3 two‑bedroom, and 1 three‑bedroom apartment
  • Total gross income of $67,320.00

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Locksmith Catering Service Nursing Home Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,154
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Ten-unit multifamily complex with a mix of studio, one-, two-, and three-bedroom apartments.
Where is this apartment building located?
The property is located at 513 Johnston St Lafayette, LA.
What are key features of this property?
This property features: 10‑unit multifamily complex on Johnston St; Unit mix: 3 studio apartments, 3 one‑bedroom, 3 two‑bedroom, and 1 three‑bedroom apartment; Total gross income of $67,320.00
More about this property
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