Duplex with Fenced
For Sale
$189,000
A-b-222 Ryder Dr, Lafayette, LA 70508
Each unit provides a two-bedroom layout, one-and-a-half baths, laundry hookups, and included appliances.
Property Size1,030 SF
Price / SF$183.50
Days on Market85
Property Features for A-b-222 Ryder Dr
General Information
Standard status
Active
Size
1,030 SF
Property subtype
Residential Income
Listing Agency:
ICON Real Estate Co
(337) 278-6728
Listed By:
Jenny Hale · License #995712583
(337) 278-6728
Source:
Exprealty
Added: Jun 8
Changed: Aug 31
Last Checked: Aug 30 at 9:49PM
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 ICON Real Estate Co
Investment Insights
Based on property information with market context.
This two-unit duplex is undergoing exterior painting and includes long-term tenants. Both units have two bedrooms, one-and-a-half bathrooms, washer and dryer connections, and appliances included with the sale, excluding appliances owned by tenants. Each residence also has a private fenced backyard with space suitable for pet use.
The property is located off Highway 89 near employment opportunities along the Energy Corridor. Costco, Target, and other major retailers and grocery stores are within five minutes. Water and sewer service are provided by LUS, while SLEMCO supplies electricity.
The property is located off Highway 89 near employment opportunities along the Energy Corridor. Costco, Target, and other major retailers and grocery stores are within five minutes. Water and sewer service are provided by LUS, while SLEMCO supplies electricity.
Key Highlights
- Two‑unit duplex with long‑term tenants in place
- Both units offer two bedrooms and one‑and‑a‑half bathrooms
- Private fenced backyard provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,634
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$192,680
$192.7K
Cap Rate 7%
$137,629
$137.6K
Cap Rate 9%
$107,044
$107.0K
Market Conditions
NOI Build-Up for 1,030 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.4K $17.88/SF
− Vacancy
−$4.7K −$4.52/SF
EGI
$13.8K $13.36/SF
− OpEx
−$4.1K −$4.01/SF
NOI
$9.6K $9.35/SF
Area
Lafayette, LA
Vacancy
25.27%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$192,680
Cap Rate 7%
$137,629
Cap Rate 9%
$107,044
Alternative Uses
Best Use
Multifamily LT 5
$137.6K
$120.4K – $160.6K
NOI $9,634 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$124.7K
$109.2K – $145.5K
NOI $8,732 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$243.5K
$213.1K – $284.1K
NOI $17,047 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit provides a two-bedroom layout, one-and-a-half baths, laundry hookups, and included appliances.
Where is this duplex located?
The property is located at A-b-222 Ryder Dr Lafayette, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two‑unit duplex with long‑term tenants in place; Both units offer two bedrooms and one‑and‑a‑half bathrooms; Private fenced backyard provided for each unit
