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Property profile

406 Voorhies St Lafayette, LA 70501

FOR SALE
Apartment buildings
Property ID
US36-1025180
5,300 SF
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Property summary

AI-generated overview

Now for sale, 406 and 408 Voorhies St is a 6-unit multifamily property located in the heart of downtown Lafayette, near the UL campus. Currently, all 6 of the units are occupied, providing immediate rental income as well as potential to increase the other rental rates. The roof was replaced in 2023, and three of the six units were also remodeled that same year, creating a well-maintained investment opportunity. Residents enjoy proximity to a variety of amenities, including Steven’s Fine Food & Seafood Market, Coffeeweed Cottage, Brown Skillet Downtown, the Lafayette Public Library, the Lafayette Science Museum, and the Children’s Museum of Acadiana.

Property profile

Verified
Property type Apartment buildings
Total area 5,300 SF
UPID US36-1025180

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

406 Voorhies St Lafayette, LA 70501
Lafayette metro
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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