$264,999
$34K PRICE DROP

Estimated payment $1,654/month

Total Views 6,277
2 Beds
1 Bath
3,900 Sq Ft
$68 Price per Sq Ft

About This Home

Secure Your Investment in Lafayette's Growing Rental Market! This well-maintained fourplex on Lodge Drive in Lafayette offers a fantastic opportunity to generate immediate rental income and build long-term wealth.Featuring four spacious 2-bedroom, 1-bathroom units, this property caters to a wide range of tenants. Each unit boasts a full kitchen, separate living area, and private entrance, ensuring both tenant comfort and convenient management. The property features updates like a new roof in 2019, contributing to low-maintenance ownership. Additionally, separate electric meters allow for convenient tenant billing and potential for future rent adjustments.Lafayette's thriving rental market makes this a smart investment. The property's convenient location near major shopping centers and interstates ensures high tenant demand.Don't miss this opportunity to add a stable income-producing asset to your portfolio! This well-maintained duplex with separate tenant entrances presents an excellent investment opportunity. Contact us today to schedule a showing and learn more.

Listing Agent

Nick Hundley

EXP Realty, LLC License #995686646 Listed on: 09/09/2024

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,232

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,900 Sq Ft Home
  • 2-Story Property

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 6 Parking Spaces
  • Parking Lot

Schools

  • Westside Elementary School
  • Scott Middle School
  • Acadiana High School

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Tax Lot 138

Community Details

Overview

  • 4 Units
  • Ambassador Sq Subdivision

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,232

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size: IRREGULAR
  • Subdivision Name: Ambassador Sq
  • Directions: From Ambassador Caffery Parkway heading toward I10 Lodge Drive will be on your left after Tobacco Plus
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Brick, Wood Siding
  • Foundation Details: Slab
  • Property Condition: 21 - 30 Years
  • Roof: Composition

Garage/Parking

  • Parking Features: Parking Lot
  • Total Parking Spaces: 6

Utilities

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

Schools

  • Elementary School: Westside
  • Junior High Dist: Lafayette Parish
  • High School: Acadiana
  • Middle Or Junior School: Scott

Lot Info

  • Zoning: R-2

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 1
  • Total Actual Rent: 665

Tax Info

  • Tax Lot: 138

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $2,232 $21,219 $1,782 $19,437
2023 $2,232 $20,679 $1,782 $18,897
2022 $2,164 $20,679 $1,782 $18,897
2021 $2,171 $20,679 $1,782 $18,897
2020 $2,164 $20,679 $1,782 $18,897
2019 $1,704 $20,679 $1,782 $18,897
2018 $2,110 $20,679 $1,782 $18,897
2017 $2,108 $20,680 $1,000 $19,680
2015 $1,415 $20,680 $1,000 $19,680
2013 -- $13,900 $1,000 $12,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 For Sale $624,999 +135.8% $67 / Sq Ft
04/15/2025 04/15/25 Price Changed $264,999 -3.6% $68 / Sq Ft
03/05/2025 03/05/25 Price Changed $275,000 -4.8% $71 / Sq Ft
01/29/2025 01/29/25 Price Changed $289,000 -3.3% $74 / Sq Ft
01/15/2025 01/15/25 For Sale $299,000 0.0% $77 / Sq Ft
01/03/2025 01/03/25 Off Market -- -- --
09/09/2024 09/09/24 For Sale $299,000 -- $77 / Sq Ft
Source: REALTOR® Association of Acadiana

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed $181,000 None Available
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $168,750 New Conventional
Source: Public Records

Source: REALTOR® Association of Acadiana

MLS Number: 24008491

REALTOR® Association of Acadiana

APN: 6021951