New Construction Multifamily
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# 2500004507
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.
The property is a multifamily complex consisting of four separate buildings. One building includes six units, and each unit is 1,398 square feet. Two floorplans are available: four units offer two bedrooms, 2.5 bathrooms, and a balcony, while two units offer three bedrooms, 2.5 bathrooms, and a balcony. The building is described as new construction by Manuel Builders.
The HOA includes trash pickup, grounds keeping, and exterior insurance, which can help simplify day-to-day property maintenance for an owner.
The HOA includes trash pickup, grounds keeping, and exterior insurance, which can help simplify day-to-day property maintenance for an owner.
Key Highlights
- 6‑unit building within a 4‑building complex
- Each unit is 1,398 sqft
- Two floorplans: 4 units with 2 bed/2.5 bath plus 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
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FAQs
What type of property is this?
Apartment building - Complex includes four buildings with units averaging 1,398 square feet, offering select two- and three-bedroom layouts with balconies.
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: 6‑unit building within a 4‑building complex; Each unit is 1,398 sqft; Two floorplans: 4 units with 2 bed/2.5 bath plus balcony
