114 Hummingbird Lane #A-B-C-D, Lafayette, LA 70506

Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
114 Hummingbird Lane #A-B-C-D,Lafayette, LA 70506
$283,000
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  • - Beds
  • - Baths
  • 2,000 sq. ft.
  • Multi-family
  • Pending
Listed by: james keaty
Office: keaty real estate team
MLS#:2500005684
Source:LA_RAAMLS

Price summary

  • Price:$283,000
  • Price per sq. ft.:$141.5

About this home

Fully occupied Lafayette quadplex delivering strong returns with built-in rental upside. Two units were recently updated with fresh paint, and one received all new flooring; another already features newer laminate floors. Current rents of $750, $775, and two at $850 position the property for clear growth, with the remaining units eligible for increases in Spring 2026 to bring all four to $850/month.At current income and expenses (including landlord-paid water, trash, taxes, and insurance), the property performs at an approx. 10.7% CAP rate and 19.25percent cash-on-cash return with 25% down. Once stabilized at $850 per unit, returns improve to an approx. 11.53% CAP and 21.9% CoC. Straight-line depreciation (85/15 split) in a 25% bracket produces an estimated 22% effective Year 1 return.Investors exploring advanced tax strategies may benefit from a cost segregation analysis. Based on typical engineering allocations for similar small multifamily properties, accelerated depreciation could

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Home facts

  • Listing ID #:2500005684
  • Added:42 day(s) ago
  • Updated:January 01, 2026 at 11:18 AM

Rooms and interior

  • Living area:2,000 sq. ft.

Heating and cooling

  • Cooling:AC Unit(s), Ceiling Fan(s), Central Air
  • Heating:Central Heat, Heat Unit(s)

Structure and exterior

  • Roof:Composition
  • Building area:2,000 sq. ft.

Schools

  • High school:Acadiana
  • Middle school:Judice
  • Elementary school:Ridge

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$283,000
  • Price per sq. ft.:$141.5

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