Apartment Building with
Lafayette, LA 70508 Lafayette, LA 70508
New
Lafayette, LA, 70508
$1,700,000
For Sale
$1,700,000
COMMERCIAL - Lafayette, LA
Property Size8,088 SF
Lot Size1.70 Acres
Price / SF$210.19
Days on Market6
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 8,088 SF
- Lot size
- 1.70 Acres
Listing Agency
NextHome Cutting Edge Realty
(337) 484-1184
121 Rue Louis XIV Building 9, LA
Listed by
Mary Beth Walsh · License #995685130,PersonLicenseNumber
(318) 237-0462
Added: Jul 16 Updated: Jul 20 at 4:00 pm Checked: Jul 21 at 6:06 am
MLS# 2500006587
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Building 3 in a four-building multifamily complex includes 6 units. Each unit is 1,398 square feet, and the property represents new construction by Manuel Builders.
Two floorplans are available within the building: 4 units feature 2 bedrooms, 2.5 bathrooms, and a balcony, while 2 units feature 3 bedrooms, 2.5 bathrooms, and a balcony. The HOA includes trash pickup, grounds keeping, and exterior insurance.
The overall lot size is 1.7 acres, and the property size is listed at 8,088 square feet. The offering is for sale in Lafayette, LA 70508.
Two floorplans are available within the building: 4 units feature 2 bedrooms, 2.5 bathrooms, and a balcony, while 2 units feature 3 bedrooms, 2.5 bathrooms, and a balcony. The HOA includes trash pickup, grounds keeping, and exterior insurance.
The overall lot size is 1.7 acres, and the property size is listed at 8,088 square feet. The offering is for sale in Lafayette, LA 70508.
Key Highlights
- Building 3 includes 6 units within a 4‑building complex
- Each unit is 1,398 sqft
- Two floorplans: 4 units offer 2 beds, 2.5 baths, plus a balcony
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.8k | $21.00 |
| − Vacancy | −$45.2k | −$5.59 |
| EGI | $124.7k | $15.41 |
| − OpEx | −$56.1k | −$6.94 |
| NOI | $68.6k | $8.48 |
8,088 SF · lease $21.00/SF/yr · vacancy 26.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$979.5K
$857.1K – $1.14M
NOI $68,568 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,860 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Building 3 offers 6 newly built units with private balconies in a four-building complex, with HOA covering key services.
Where is this apartment building located?
The property is located at Lafayette, LA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Building 3 includes 6 units within a 4‑building complex; Each unit is 1,398 sqft; Two floorplans: 4 units offer 2 beds, 2.5 baths, plus a balcony
