14-Unit Apartment
New
For Sale
$1,390,000
718 Harding Street, Lafayette, LA 70503
Commercial Sale, Lafayette, LA
Property Size12,000 SF
Lot Size0.35 Acres
Price / SF$115.83
Days on Market2
Property Features for 718 Harding Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential
Subdivision
College Pk Add
Directions
From Pinhook, turn onto E. St. Mary then right on Harding. Complex will be on the left.
Standard status
Active
APN
6037938
Size
12,000 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
LOTS 28 29 BLK 16 COLLEGE PARK SUB LAND(6X50) AT REAR OF LOTS 28-29 BLK 16 COLLEGE PARK SUB NE 5 FT OF LOT 27 BLK
Legal Description
LOTS 28 29 BLK 16 COLLEGE PARK SUB LAND(6X50) AT REAR OF LOTS 28-29 BLK 16 COLLEGE PARK SUB NE 5 FT OF LOT 27 BLK
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Roof type
Rubber
Listing Agency:
Dream Home Realty, LLC
(337) 385-1187
Listed By:
Phillip R Rollins · License #995708129
(412) 420-0074
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 7:06PM
MLS# 2600009773
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.
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Investment Insights
Based on property information with market context.
This 14-unit apartment portfolio totals 12,000 square feet on a 0.35-acre parcel. The unit mix comprises twelve 1-bedroom/1-bath apartments and two 2-bedroom/1-bath apartments. All units are occupied. Heating is central electric, with central air conditioning and a rubber roof.
The property is served by public water and public sewer and is zoned Residential.
The property is served by public water and public sewer and is zoned Residential.
Key Highlights
- 14 apartments across a 12,000‑square‑foot portfolio
- 0.35‑acre parcel
- Unit mix: twelve 1‑bedroom/1‑bath units and two 2‑bedroom/1‑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.
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Property Analytics
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Open Analytics
Current Use
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 - The occupied residential portfolio includes 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 apartments across a 12,000‑square‑foot portfolio; 0.35‑acre parcel; Unit mix: twelve 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
