Four-Unit Duplex
For Sale
$259,000
615 Yvonne Street, New Iberia, LA 70560
Multifamily, New Iberia, LA
Property Size3,152 SF
Lot Size0.35 Acres
Price / SF$82.17
Days on Market84
Property Features for 615 Yvonne Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1
Parking
8
Parking features
Parking Lot
Patio and Porch features
Porch
Exterior features
Lighting
Lot features
Corner Lot, Level, No Outlet Street
Elementary school
Call School Board
Middle school
Anderson
High school
West St Mary
Elementary school district
Iberia Parish
Middle school district
Iberia Parish
High school district
Iberia Parish
Directions
Continue to Chemin Metairie Rd, Follow Chemin Metairie Pkwy, US-90 E and LA-675/Jefferson Island Rd to Yvonne St in New Iberia 21 min (15.3 mi), Turn left onto Yvonne St
Subdivision
I2
Standard status
Active
APN
0502568500
Size
3,152 SF
Lot size
0.35 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOT 11 OF PLAT OF SURVEY MEASURING APPROX. 154' X 99'
Legal Description
LOT 11 OF PLAT OF SURVEY MEASURING APPROX. 154' X 99'
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Number of units
4
Flooring type
Vinyl, Tile
Building materials
Brick
Roof type
Composition
Buildings
2
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Kristen Blanchard · License #0995698400
(337) 354-0530
Added: Aug 7
Changed: Oct 23
Last Checked: Oct 29 at 7:06AM
MLS# 2600007337
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Two duplex buildings contain four residences totaling 3,152 square feet on a 0.35-acre parcel. The unit mix includes two one-bedroom, one-bath layouts and two two-bedroom, one-bath layouts. Renovated interiors feature tile and vinyl flooring, neutral paint, central air conditioning, and natural gas heat. Brick construction, covered porches, and a composition roof complete the buildings; the roof was replaced in 2018.
The property has a parking lot and is served by public water and sewer. All four units are occupied.
The property has a parking lot and is served by public water and sewer. All four units are occupied.
Key Highlights
- Two duplex buildings with four units totaling 3,152 square feet
- Unit mix: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- All four residences renovated; 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,480
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,600
$409.6K
Cap Rate 7%
$292,571
$292.6K
Cap Rate 9%
$227,556
$227.6K
Market Conditions
NOI Build-Up for 3,152 SF
Gross rent
$32.2K $10.20/SF
− Vacancy
−$2.9K −$0.92/SF
EGI
$29.3K $9.28/SF
− OpEx
−$8.8K −$2.78/SF
NOI
$20.5K $6.50/SF
Area
Iberia County, LA
Vacancy
9.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,600
Cap Rate 7%
$292,571
Cap Rate 9%
$227,556
Alternative Uses
Best Use
Multifamily LT 5
$292.6K
$256.0K – $341.3K
NOI $20,480 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$274.9K
$240.5K – $320.7K
NOI $19,243 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$521.3K
$456.2K – $608.2K
NOI $36,493 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
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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 - All residences are occupied, with a mix of one- and two-bedroom layouts.
Where is this duplex located?
The property is located at 615 Yvonne Street New Iberia, LA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two duplex buildings with four units totaling 3,152 square feet; Unit mix: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; All four residences renovated; 100% occupied
