14-Unit Apartment
For Sale
$1,390,000
718 Harding Street, Lafayette, LA 70503
Fully occupied multifamily properties offer a mix of one- and two-bedroom apartments.
Property Size12,000 SF
Price / SF$115.83
Days on Market15
Property Features for 718 Harding Street
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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,000
Listing Agency:
Dream Home Realty, LLC
(337) 385-1187
Listed By:
Phillip Rollins · License #995708129
(412) 420-0074
Source:
Exprealty
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 2:51PM
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 Lafayette apartment portfolio comprises 14 units across two bedroom configurations: twelve one-bedroom, one-bath apartments and two two-bedroom, one-bath apartments. The properties are fully occupied and have an established rental history.
Located at 718 Harding Street in Lafayette, Louisiana, the portfolio is offered for sale as a multifamily asset.
Located at 718 Harding Street in Lafayette, Louisiana, the portfolio is offered for sale as a multifamily asset.
Key Highlights
- 14 apartment units across the portfolio
- 12 one‑bedroom, one‑bath units
- 2 two‑bedroom, one‑bath units
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?
See the owner, sales and loan history
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily properties offer a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 718 Harding Street 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 the portfolio; 12 one‑bedroom, one‑bath units; 2 two‑bedroom, one‑bath units
