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 Market130
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) 534-4099
Listed By:
Jenny Hale · License #995712583
(337) 278-6728
Source:
Exprealty
Added: Jun 8
Changed: Oct 7
Last Checked: Oct 15 at 4:05AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$9,634
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
