$275,000
SOLD MAY 27, 2025
Last list price

515 Cedar Crest Ct Lafayette, LA 70501

West End Neighborhood
5 Beds
4 Baths
2,224 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$124 Per Sq Ft

40 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Balcony
  • Lafayette High School Rated A-
  • Furnished
  • Fireplace

About This Home

As of May 2025

Introducing an incredible multi-family investment opportunity! This charming triplex offers three distinct units, each with its own private entrance, individual A/C unit, and bathroom--perfect for investors or owner-occupants looking to generate rental income. With potential rental income of approximately $4,000 per month furnished or $3,000 per month unfurnished, this property offers flexibility for both long- and medium-term rentals. This is a rare find in today's market, as it meets the coveted 1% rule--where the monthly rent is at least 1% of the purchase price--making it an exceptional investment opportunity. Nestled in a thriving neighborhood just a short walk from downtown, this property combines convenience with lasting value. Located in Flood Zone X, no flood insurance is required, keeping ownership costs down. The home beautifully blends vintage charm with modern updates, featuring natural wood floors and original windows alongside a gas HVAC system and gas stove in the main house for added efficiency. Tenants will appreciate the spacious backyard and generous off-street parking, enhancing comfort and convenience. The prime location near UL, I-10, and the popular Laura 2's Restaurant makes this triplex a smart choice for investing in a high-demand area. With all appliances included, this property is truly move-in or rental-ready. Don't miss out--contact us today for more information and make this fantastic opportunity yours!

Last Agent to Sell the Property

Tyler Albrecht

Keaty Real Estate Team License #0995697749 Listed on: 02/04/2025

Keaty Real Estate Team

Last Buyer's Agent

Matthew Delcambre

Keaty Real Estate Team License #995712933

Keaty Real Estate Team

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,380

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 65 x 125 x 65 x 125
  • Partially Fenced Property
  • Privacy Fence
  • Wood Fence
  • Chain Link Fence
  • Level Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,224 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Washer and Dryer

Kitchen

  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 8 Car Attached Garage
  • Carport

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Porch

Schools

  • Montgomery Elementary School
  • Lafayette Middle School
  • Lafayette High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Fiber Optics Available

Listing and Financial Details

  • Total Actual Rent $3,800
  • The owner pays for broadband/internet access, electricity, gas, sewer, trash collection, water
  • Tax Lot 24&25

Community Details

Overview

  • 3 Units
  • West End Hgts Subdivision

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,380

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Lot Size: 65 x 125 x 65 x 125
  • Subdivision Name: West End Hgts
  • Directions: From i-10. South on University. Left on Southdown Lane. Left on Cedar Crest
  • Carport Y N: Yes
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Unit 1(Other), Unit 2(Loft), Unit 3(Flat)
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Gas Range, Ice Maker, Microwave, Refrigerator, Washer, Electric Cooktop, Gas Cooktop, Plumbed For Ice Maker, Washer/Dryer Some, Unit 1 Washer/Dryer
  • Owner Pays: Broadband/Internet Access, Electricity, Gas, Sewer, Trash Collection, Water
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Unit 1 Fireplace
  • Fireplace: Yes
  • Flooring: Laminate, Wood
  • Interior Amenities: Beamed Ceilingss, Master Bath, Vaulted Ceiling(s), Ceiling Fan(s), Unit 1(Dining Room,Eat-in Kitchen,Furniture,Master Bedroom), Unit 2(Eat-in Kitchen,Furniture), Unit 3(Eat-in Kitchen,Furniture)
  • Living Area: 2224
  • Window Features: Some Window Treatments
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Chain Link, Partial, Privacy, Wood
  • Lot Features: Level
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Balcony, Lighting
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Patio, Porch, Unit 1 Porch/Patio/Deck, Unit 2 Porch/Patio/Deck, Unit 3 Porch/Patio/Deck
  • Property Condition: 41 - 50 Years
  • Roof: Composition

Garage/Parking

  • Parking Features: Attached, Carport, Covered
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Unit 1 Washer/Dryer Hookup
  • Cooling: Central Air,Window Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Space Heater, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Fiber Available, Fiber Ready
  • Water Source: Public

Schools

  • Elementary School: Montgomery
  • Junior High Dist: Lafayette Parish
  • High School: Lafayette
  • Middle Or Junior School: Lafayette

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Zoning: RS-1
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Leased: 1
  • Number Of Units Vacant: 1
  • Total Actual Rent: 3800

Tax Info

  • Tax Lot: 24&25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2025
Closed on
May 27, 2025
Sold by
Dore Toby Lance
Bought by
Bourque Caleb Jude
Seller's Agent
Tyler Albrecht
Keaty Real Estate Team
Buyer's Agent
Matthew Delcambre
Keaty Real Estate Team
List Price
$275,000
Views
22
Current Estimated Value
$266,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.63%
Original Mortgage
$274,783
Outstanding Balance
$274,316
Interest Rate
6.83%
Mortgage Type
VA
Estimated Equity
-$7,740
Source: Public Records

Range of Values:

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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

Purchase History

Date Type Sale Price Title Company
Deed $269,000 Md Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $274,783 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Sold -- -- --
03/16/2025 03/16/25 Pending -- -- --
03/10/2025 03/10/25 For Sale $275,000 0.0% $124 / Sq Ft
03/07/2025 03/07/25 Off Market -- -- --
02/04/2025 02/04/25 For Sale $275,000 -- $124 / Sq Ft
Source: REALTOR® Association of Acadiana

Tax History Compared to Growth

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 $1,380 $19,294 $2,377 $16,917
2023 $1,380 $17,757 $2,377 $15,380
2022 $1,858 $17,757 $2,377 $15,380
2021 $1,864 $17,757 $2,377 $15,380
2020 $1,858 $17,757 $2,377 $15,380
2019 $845 $17,757 $2,377 $15,380
2018 $1,180 $17,757 $2,377 $15,380
2017 $1,179 $17,757 $2,377 $15,380
2015 $1,665 $16,360 $980 $15,380
2013 -- $16,360 $980 $15,380
Source: Public Records

Agents Affiliated with this Home

  • Tyler Albrecht

    Seller's Agent in 2025

    Tyler Albrecht

    Keaty Real Estate Team

    (337) 735-4470

    9 in this area

    112 Total Sales

    Tyler Albrecht
    Section Image

  • M

    Buyer's Agent in 2025

    Matthew Delcambre

    Keaty Real Estate Team

    (337) 315-1460

    1 in this area

    120 Total Sales

    Matthew Delcambre
    Section Image
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Map

Source: REALTOR® Association of Acadiana

MLS Number: 25001055

REALTOR® Association of Acadiana

APN: 6017200

Louisiana Lafayette Parish Lafayette 70501 West End

515 Cedar Crest Ct, Lafayette, LA

This home is located at 515 Cedar Crest Ct, Lafayette, LA 70501 and is currently estimated at $275,000, approximately $123 per square foot. 515 Cedar Crest Ct is a home located in Lafayette Parish with nearby schools including S.J. Montgomery Elementary School, Lafayette Middle School, and Lafayette High School.

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.

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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