1534 S Patout St Unit A B New Iberia, LA 70560
Estimated payment $1,381/month
About This Home
Welcome to an exceptional opportunity to own a cash-flowing, turnkey investment property in the heart of New Iberia.This property offers everything a savvy investor is looking for: strong tenant demand, updated interiors, spacious units, and consistent rental income.Featuring two units, each with three bedrooms, two full bathrooms, and approximately 1,225 square feet of living space, this property offers ample room for tenants while delivering scale and stability for investors.Both units are fully leased and professionally maintained, making this income-generating asset a rare find in the New Iberia market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $824
Lot Details
- 4,800 Sq Ft Lot
- Lot Dimensions are 40 x 120
Parking
- 4 Parking Spaces
Home Design
- Slab Foundation
- Frame Construction
- Vinyl Siding
Interior Spaces
- 2,450 Sq Ft Home
- 2-Story Property
Kitchen
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Utilities
- Central Air
- Multiple Heating Units
Listing and Financial Details
- Tax Lot 16 & 14
Community Details
Overview
- 2 Units
- Southport Subdivision
Building Details
- 2 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 | $824 | $9,333 | $324 | $9,009 |
| 2023 | $672 | $7,390 | $311 | $7,079 |
| 2022 | $493 | $7,390 | $311 | $7,079 |
| 2021 | $493 | $7,390 | $311 | $7,079 |
| 2020 | $0 | $8,028 | $0 | $0 |
| 2017 | $513 | $8,028 | $311 | $7,717 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | For Sale | $250,000 | -- | $102 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $94,500 | Methvin Title Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $123,789 | New Conventional |
Source: REALTOR® Association of Acadiana
MLS Number: 2500003529
APN: 0503138500I
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.
- 1534 S Patout St Unit C
- 1536 S Patout St Unit B C
- 1530 S Patout St Unit A,B,C,D
- 1603 Dehart Dr Unit A B C F
- 1603 Dehart Dr Unit F
- 1602 Dehart Dr Unit B C
- 1518 S Patout St
- 1606 Dehart Dr Unit A B C
- 1606 Dehart Dr Unit A
- 1608 Dehart Dr Unit B C
- 1506 Southport Blvd Unit A B C
- 1504 Southport Blvd Unit B
- 1522 Mclemore St
- 1422 Southport Blvd
- 1518 Mclemore St
- 0 Southport Blvd
- Tbd Southport Blvd
- 0 E Admiral Doyle Dr
- Tbd E Admiral Doyle
- Tbd Jefferson Terrace
- 1534 S Patout St Unit A
- 1603 Dehart Dr Unit B
- 1506 Southport Blvd
- 1422 Southport Blvd Unit A
- 1302 Adrian St
- 1001 E Dale St
- 125 Carter St Unit A
- 1012 Virginia St
- 925 Alvin St
- 313 Lee St
- 923 Alvin St
- 2809 S Curtis Dr
- 1331 S Weeks St
- 1802 Saddle Back Ridge
- 616 Weeks St
- 506 Grand Pré Blvd
- 505 W Dale St
- 615 Yvonne St
- 1607 Sugarland Terrace
- 710 W St Peter St