14-Unit Multifamily
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 Market10
Property Features for 718 Harding Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential
Directions
From Pinhook, turn onto E. St. Mary then right on Harding. Complex will be on the left.
Subdivision
G2
Standard status
Active
APN
6037938
Size
12,000 SF
Lot size
0.35 Acres
Additional Details
Tenant in Place
Yes
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
Tax Annual Amount
6000
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
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Brick
Roof type
Rubber
Listing Agency:
Dream Home Realty, LLC
(337) 385-1187
Listed By:
Phillip Rollins · License #995708129
(412) 420-0074
Added: Oct 16
Changed: Oct 24
Last Checked: Oct 25 at 8:06AM
MLS# 2600009773
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.
This 14-unit multifamily property at 718 Harding Street contains 12,000 square feet on a 0.35-acre parcel. The unit mix includes twelve one-bedroom, one-bathroom apartments and two two-bedroom, one-bathroom apartments. Brick construction, central electric heating, central air conditioning, a rubber roof, public water, and public sewer are among the property’s physical features.
The property is in Lafayette, Louisiana, and is zoned Residential. All units are occupied.
The property is in Lafayette, Louisiana, and is zoned Residential. All units are occupied.
Key Highlights
- 14 units: twelve 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath apartments
- 12,000 square feet on 0.35 acres
- 100% occupancy
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
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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 fully occupied rental property combines one- and two-bedroom layouts in a single multifamily offering.
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 units: twelve 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath apartments; 12,000 square feet on 0.35 acres; 100% occupancy
