$295,000
PENDING $60K PRICE DROP

427 N Sterling St Lafayette, LA 70501

Evangeline Neighborhood

Estimated payment $1,760/month

Total Views 9,353
-- Bed
-- Bath
3,940 Sq Ft
$75 Price per Sq Ft

Highlights

  • 0.58 Acre Lot
  • Wood Flooring
  • Shed
  • Outdoor Fireplace
  • High Ceiling
  • Central Air

About This Home

Fully occupied multi-family investment opportunity! This property consists of four fenced in dwellings on site with $3,295/monthly income. House A is 3 bed, 1 bath (2,013 SF) rented for $1,295. House B is 2 bed, 2 bath (1,059 SF) rented for $800/month. House C is 1 bed, 1 bath (400 SF) rented for $550/month. House D is 1 bed, 1 bath (500SF) rented for $650/month. In addition to the rental units this property offers a 2,100 SF shop. Perfect for a real estate investor to store items of his or her trade.

Listing Agent

Brennan Billeaud

Compass License #0000069755 Listed on: 06/11/2024

Compass

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 126 x 200
  • Property is Fully Fenced
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 3,940 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Fireplace
  • Wood Flooring
  • Electric Dryer Hookup

Kitchen

  • Dishwasher
  • Disposal

Outdoor Features

  • Outdoor Fireplace
  • Shed

Schools

  • J W Faulk Elementary School
  • Paul Breaux Middle School
  • Southside High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Fiber Optics Available
  • Cable TV Available

Community Details

  • 3 Buildings
  • 4 Units
  • Snodgrass Add Subdivision

Listing and Financial Details

  • Tax Lot LOT 3 IN BLK A SNODG

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.58
  • Lot Size: 126 x 200
  • Subdivision Name: Snodgrass Add
  • Directions: US-90 W, Turn right onto Mudd Ave, Then turn left at the onto N Sterling St, Home on left.
  • Building Stories: 1
  • List_136: 92.010454
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 3
  • Appliances: Dishwasher, Disposal, Gas Range, Refrigerator
  • Fireplace Features: Outside
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: High Ceilings

Exterior Features

  • Fencing: Full
  • Lot Features: Level
  • Construction Type: Frame, Stucco
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Shed(s), Storage
  • Roof: Composition, Metal

Garage/Parking

  • Total Parking Spaces: 6

Utilities

  • Laundry Features: Electric Dryer Hookup
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Commercial Sewer
  • Utilities: Cable Available, Fiber Available

Schools

  • Elementary School: J W Faulk
  • Junior High Dist: Lafayette Parish
  • High School: Southside
  • Middle Or Junior School: Paul Breaux Middle

Lot Info

  • Lot Size Sq Ft: 25264.8
  • Zoning: RS-1

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Lot: LOT 3 IN BLK A SNODG

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $2,517 $23,924 $2,224 $21,700
2023 $2,517 $21,970 $2,224 $19,746
2022 $2,299 $21,970 $2,224 $19,746
2021 $2,307 $21,970 $2,224 $19,746
2020 $2,299 $21,970 $2,224 $19,746
2019 $1,058 $20,339 $2,224 $18,115
2018 $2,076 $20,339 $2,224 $18,115
2017 $2,073 $20,340 $1,740 $18,600
2015 $2,071 $20,340 $1,740 $18,600
2013 -- $20,340 $1,740 $18,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2025 09/29/25 Pending -- -- --
08/26/2025 08/26/25 Price Changed $295,000 -3.3% $75 / Sq Ft
06/06/2025 06/06/25 Price Changed $305,000 -3.2% $77 / Sq Ft
03/17/2025 03/17/25 Price Changed $315,000 -4.5% $80 / Sq Ft
09/23/2024 09/23/24 Price Changed $330,000 -7.0% $84 / Sq Ft
06/14/2024 06/14/24 For Sale $355,000 +78.4% $90 / Sq Ft
07/20/2012 07/20/12 Sold -- -- -- View Prior Sale
06/11/2012 06/11/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $199,000 -- $59 / Sq Ft
Source: REALTOR® Association of Acadiana

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed $240,000 None Available
Cash Sale Deed $192,000 None Available
Cash Sale Deed $188,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $235,653 FHA
Previous Owner $144,000 New Conventional
Previous Owner $178,600 New Conventional
Source: Public Records

Source: REALTOR® Association of Acadiana

MLS Number: 24005683

REALTOR® Association of Acadiana

APN: 6027060

Louisiana Lafayette Parish Lafayette 70501 Evangeline

427 N Sterling St, Lafayette, LA

Pending

MultiFamily

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REALTOR® Association of Acadiana 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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Brennan Billeaud
Listing Agent
Brennan Billeaud
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Compass
(337) 383-3700