$440,000

1530 S Patout St Unit A,B,C,D New Iberia, LA 70560

Estimated payment $2,710/month

Total Views 1,439
12 Beds
8 Baths
4,900 Sq Ft
$90 Price per Sq Ft

Highlights

  • Patio
  • Central Air
  • Multiple Heating Units

About This Home

Attention investors: a rare opportunity awaits in the heart of New Iberia! Presenting a fully occupied, income-generating 4-plex - a turnkey multifamily investment featuring four spacious, modernized townhouse-style units. Each residence offers 3 bedrooms, 2 bathrooms, and a two-story layout ideal for long-term tenants. Whether you're looking to expand your portfolio or make a strategic first acquisition, this property checks all the boxes for smart real estate investment.

Listing Agent

Elizabeth Coleman

ReHive, LLC License #0995702112 Listed on: 07/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,355

Lot Details

  • 9,600 Sq Ft Lot
  • Lot Dimensions are 80 x 120

Parking

  • 4 Parking Spaces

Home Design

  • 4,900 Sq Ft Home
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Magnolia Elementary School
  • Iberia Middle School
  • New Iberia High School

Utilities

  • Central Air
  • Multiple Heating Units

Listing and Financial Details

  • Tax Lot 15,16,17,18

Community Details

Overview

  • 4 Units
  • Southport Subdivision

Building Details

  • 4 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,355

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2204
  • Lot Size: 80 x 120
  • Subdivision Name: Southport
  • Directions: Traveling east down Admiral Doyle, take a right into Southport Subdvision. Left on Webre Street. Right onto S. Patout. Property is on right.
  • New Construction: No
  • Structure Type: Unit 1(Twinhome), Unit 2(Twinhome), Unit 3(Twinhome), Unit 4(Twinhome)
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave
  • Full Bathrooms: 8
  • Total Bedrooms: 12
  • Living Area: 4900

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Property Condition: 16 - 20 Years

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: Magnolia
  • Junior High Dist: Iberia Parish
  • High School: New Iberia
  • Middle Or Junior School: Iberia

Lot Info

  • Lot Size Sq Ft: 9600

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 4
  • Total Actual Rent: 4790

Tax Info

  • Tax Lot: 15,16,17,18

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,355 $38,008 $1,440 $36,568
2023 $2,738 $30,114 $1,382 $28,732
2022 $2,010 $30,114 $1,382 $28,732
2021 $2,011 $30,114 $1,382 $28,732
2020 $2,011 $30,114 $0 $0
2017 $1,926 $30,114 $1,382 $28,732
2016 $1,876 $30,114 $1,382 $28,732
2014 $2,587 $30,172 $1,440 $28,732
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Sale $440,000 -- $90 / Sq Ft
Source: REALTOR® Association of Acadiana

Purchase History

Date Type Sale Price Title Company
Deed $290,000 --
Deed -- --
Deed $17,000 --
Deed $17,300 --
Source: Public Records

Source: REALTOR® Association of Acadiana

MLS Number: 2500001772

REALTOR® Association of Acadiana

APN: 0504463000A