14-Unit Apartment
For Sale
$1,390,000
718 Harding St, Lafayette, LA 70503
A fully occupied rental property combines one- and two-bedroom apartments in an established Lafayette area.
Property Size12,000 SF
Price / SF$115.83
Days on Market8
Property Features for 718 Harding St
General Information
Standard status
Active
Size
12,000 SF
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 12 x 1BR/1BA
Multifamily Units
14
Listing Agency:
Dream Home Realty, LLC
(337) 385-1187
Listed By:
Phillip R Rollins · License #995708129
(412) 420-0074
Source:
Exprealty
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 21 at 2:10AM
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 Dream Home Realty, LLC
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Investment Insights
Based on property information with market context.
This 14-unit apartment property at 718 Harding St in Lafayette is configured with twelve 1-bedroom/1-bath units and two 2-bedroom/1-bath units. The building totals 12,000 square feet and is reported as fully occupied, with a rental history noted in the listing.
Key Highlights
- 14 apartment units across two unit types
- 12,000‑square‑foot building
- 12 units with 1 bedroom and 1 bath each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,732
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,034,640
$2.0M
Cap Rate 7%
$1,453,314
$1.5M
Cap Rate 9%
$1,130,356
$1.1M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$252.0K $21.00/SF
− Vacancy
−$67.0K −$5.59/SF
EGI
$185.0K $15.41/SF
− OpEx
−$83.2K −$6.94/SF
NOI
$101.7K $8.48/SF
Area
Lafayette, LA
Vacancy
26.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,034,640
Cap Rate 7%
$1,453,314
Cap Rate 9%
$1,130,356
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.70M
NOI $101,732 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,605 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
14
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,257
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A fully occupied rental property combines one- and two-bedroom apartments in an established Lafayette area.
Where is this apartment building located?
The property is located at 718 Harding St Lafayette, LA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 14 apartment units across two unit types; 12,000‑square‑foot building; 12 units with 1 bedroom and 1 bath each
