Furnished
For Sale
$340,000
Pending
520 East University Avenue, Lafayette, LA 70503
Three-unit property with furnished interiors, central air, storage, and porch and patio areas.
Property Size2,064 SF
Days on Market43
Property Features for 520 East University Avenue
General Information
Standard status
Pending
Size
2,064 SF
Property subtype
Residential Income / Townhouse
Zoning
MN-1
Additional Details
Furnished
Yes
Multifamily Units
3
Amenities
Central Air, Ceiling Fan(s), Other
Central, Other Heat
Brick, Carpet, Wood, Other
Gas Cooktop, Dishwasher, Dryer, Microwave, Refrigerator
3
Drapes/Curtains
Unit 3 Washer/Dryer Hookup
Beamed Ceilings
Unit 1 Fireplace
1
Asphalt
Chain Link, Other, Privacy, Wood
Storage
Pillar/Post/Pier
Frame, Wood Siding
Patio, Porch, Unit 1 Porch/Patio/Deck
Listing Agency:
EXP Realty, LLC
(337) 534-3642
Listed By:
Quincie Privat · License #0995685786
Source:
Compass
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 30 at 2:06PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 2,064-square-foot triplex includes furnished interiors and a mix of practical residential features. The property has central air, ceiling fans, central and other heating, a gas cooktop, dishwasher, dryer, refrigerator, microwave, and a washer/dryer hookup in Unit 3. Interior finishes include brick, carpet, wood, and beamed ceilings, while Unit 1 includes a fireplace and porch, patio, or deck space.
The property is located at 520 East University Avenue in Lafayette, near ULL. Exterior features include asphalt surfacing, chain-link and privacy fencing, wood siding, a pillar/post/pier foundation, and dedicated storage. MN-1 zoning is also identified for the property.
The property is located at 520 East University Avenue in Lafayette, near ULL. Exterior features include asphalt surfacing, chain-link and privacy fencing, wood siding, a pillar/post/pier foundation, and dedicated storage. MN-1 zoning is also identified for the property.
Key Highlights
- 2,064‑square‑foot triplex at 520 East University Avenue, Lafayette, LA 70503
- Furnished Airbnb property near ULL
- MN‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,305
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,100
$386.1K
Cap Rate 7%
$275,786
$275.8K
Cap Rate 9%
$214,500
$214.5K
Market Conditions
NOI Build-Up for 2,064 SF
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.
Gross rent
$36.9K $17.88/SF
− Vacancy
−$9.3K −$4.52/SF
EGI
$27.6K $13.36/SF
− OpEx
−$8.3K −$4.01/SF
NOI
$19.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,100
Cap Rate 7%
$275,786
Cap Rate 9%
$214,500
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with furnished interiors, central air, storage, and porch and patio areas.
Where is this triplex located?
The property is located at 520 East 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: 2,064‑square‑foot triplex at 520 East University Avenue, Lafayette, LA 70503; Furnished Airbnb property near ULL; MN‑1 zoning
