1518 Mclemore St New Iberia, LA 70560
Estimated payment $2,178/month
About This Home
Welcome to 1518 Mclemore Street, a turnkey multifamily investment property located in the heart of New Iberia, Louisiana. This solid three-unit townhouse complex is a rare opportunity to secure a reliable income-producing asset in a stable and growing rental market. With each spacious unit offering 3 bedrooms, 2 bathrooms, and over 1,225 square feet of thoughtfully laid-out living space, this property is ideal for both seasoned investors and those looking to grow their real estate portfolio. Built for functionality and tenant comfort, this two-story townhouse-style triplex sits on a well-maintained parcel in a quiet, residential neighborhood. The complex includes three nearly identical units, each designed to feel like a private home rather than an apartment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,547
Parking
- 3 Parking Spaces
Home Design
- 3,675 Sq Ft Home
- Slab Foundation
- Frame Construction
- Vinyl Siding
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Full Bathrooms
Schools
- Magnolia Elementary School
- Iberia Middle School
- New Iberia High School
Utilities
- Central Air
- Multiple Heating Units
Additional Features
- Microwave
- 2,196 Sq Ft Lot
Listing and Financial Details
- Tax Lot 21C & 21D
Community Details
Overview
- 3 Units
- Southport Subdivision
Building Details
- 3 Leased Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,547 | $28,853 | $1,693 | $27,160 |
| 2023 | $2,088 | $22,966 | $1,625 | $21,341 |
| 2022 | $1,533 | $22,966 | $1,625 | $21,341 |
| 2021 | $1,533 | $22,966 | $1,625 | $21,341 |
| 2020 | $1,533 | $22,966 | $0 | $0 |
| 2017 | $1,468 | $22,966 | $1,625 | $21,341 |
| 2016 | $1,430 | $22,966 | $1,625 | $21,341 |
| 2014 | $1,975 | $23,034 | $1,693 | $21,341 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $375,000 | -- | $102 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $250,000 | -- | |
| Deed | -- | -- | |
| Deed | $23,000 | -- | |
| Deed | -- | -- | |
| Deed | $16,300 | -- |
Source: REALTOR® Association of Acadiana
MLS Number: 2500001806
APN: 0505159004M
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.
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