Fully Furnished
520 E University Avenue Lafayette, LA 70503
520 E University Avenue, Lafayette, LA, 70503
$340,000
Pending
For Sale
$340,000
Pending
MULTI_FAMILY - Lafayette, LA
Property Size2,064 SF
Lot Size0.24 Acres
Days on Market8
Property Features for 520 E University Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- MN-1
- Bedrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3
- Parking
- 2
- Parking features
- Covered, On Street, Carport
- Window features
- Window Treatments
- Patio and Porch features
- Patio, Porch
- Interior features
- Beamed Ceilings, Window Treatments, Beamed Ceilings
- Exterior features
- Porch, Patio
- Fencing
- Privacy, Chain Link
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Gas Cooktop
- Standard status
- Pending
- APN
- 6071344
- Size
- 2,064 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- LOTS 9 & 10 BLK 1 COLLEGE PARK ADDITION (50X140) PT LOT 11 BLK 1 COLLEGE PARK ADDITION (10,369 SQ FT)
Utilities
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Wood, Brick, Carpet
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agency
EXP Realty, LLC
(337) 522-7554
Listed by
Quincie Privat · License #0995685786
(337) 534-3642
Added: Jul 16 Updated: Jul 23 at 5:37AM Checked: Jul 23 at 7:06AM
MLS# 2600006558
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 triplex is offered for sale as a fully furnished property configured for short-term rental use. The layout provides three separate units within one income property, and the home is presented ready for occupancy as furnished living space.
The property is located at 520 E University Avenue in Lafayette, Louisiana, close to ULL. Zoning is listed as MN-1.
With a stated property size of 2,064 square feet on a 0.24-acre lot, this is a compact, multi-unit residential income opportunity presented in furnished condition.
The property is located at 520 E University Avenue in Lafayette, Louisiana, close to ULL. Zoning is listed as MN-1.
With a stated property size of 2,064 square feet on a 0.24-acre lot, this is a compact, multi-unit residential income opportunity presented in furnished condition.
Key Highlights
- Triplex with interior features including beamed ceilings and window treatments
- 3 bedrooms and 3 bathrooms (rooms listed: Bedroom 1‑3 and Bathroom 1‑3)
- Central heating and central air with ceiling fans
Local 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 | $36.9k | $17.88 |
| − Vacancy | −$9.3k | −$4.52 |
| EGI | $27.6k | $13.36 |
| − OpEx | −$8.3k | −$4.01 |
| NOI | $19.3k | $9.35 |
2,064 SF · lease $17.88/SF/yr · vacancy 25.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.8K
NOI $19,305 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$250.0K
$218.7K – $291.6K
NOI $17,498 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$488.0K
$427.0K – $569.3K
NOI $34,160 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex offering fully furnished short-term rental units near ULL in Lafayette, LA.
Where is this triplex located?
The property is located at 520 E University Avenue Lafayette, LA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Triplex with interior features including beamed ceilings and window treatments; 3 bedrooms and 3 bathrooms (rooms listed: Bedroom 1‑3 and Bathroom 1‑3); Central heating and central air with ceiling fans
