For Sale
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Property summary
This exceptional 12-unit apartment building at 314 Deare St, New Iberia, LA 70560 presents a compelling investment opportunity. Located in a designated Opportunity Zone, this property boasts a strong 8.19% capitalization rate and a current net operating income (NOI) of $65,500. The single-story, 1980-built building underwent a complete renovation in 2024, resulting in 12 updated one-bedroom units. Each unit is currently generating rental income between $600 and $625 per month, supplemented… by a $40 monthly water fee paid by tenants. The property sits on a sizable 19,500 square foot lot and offers a price per unit of $66,666.67, with an asking price of $800,000. The current occupancy rate is 40%, presenting significant potential for increased revenue through lease-up. This property is an ideal addition to any investor's portfolio seeking strong returns in a revitalized area. The building's recent renovation minimizes immediate capital expenditure needs, allowing for a swift return on investment. The strategic location within an Opportunity Zone provides additional tax advantages. This is a rare opportunity to acquire a well-maintained, high-potential multifamily property in a desirable Louisiana market.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the New Iberia market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Alternative use
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