Home For Sale In Lafayette, Louisiana

house for sale

Listed: 06/09/24

143 Martin Luther King Dr, Lafayette, Louisiana, 70501

Studio Bed:

7,020 Sq Ft Living Area:

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Price

$ 560,000

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About This House

For Sale is a 12 Unit Apartment complex located in close proximity to I-10 in a high demand rental area. The property sits on 1.7 acres and consists of 6-1 bedroom and 6-2 bedroom apartments. Rents range from$525-$675per month. There is also a 2 bd-1ba home at the front of the property that rents for $350 per month and a 600 square foot warehouse at the rear that serves for storage for maintenance and lawn supplies. Seven of the units are currently occupied. The units are individually metered for water, sewer and electricity. Owner pays trash. This is a significant Value-add opportunity.

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Houses for sale in Lafayette

Original listing

Lafayette Housing & Living

Average sale prices for houses

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
May 2024	$299,293 (+24.8%)
Apr 2024	$239,798 (0%)
Mar 2024	$239,798 (0%)
Feb 2024	$239,798 (0%)
Jan 2024	$239,798 (-6.6%)
Dec 2023	$256,722 (-5.8%)

In May 2024, the asking price for 3 bed houses for sale in/near Lafayette, United States averaged $299,293, an increase of 24.8% from the previous month.

Median price trends for properties for sale in Lafayette, United States as of May 2024.

Household Income

Median household income: $48,533

Number of households: 49,679

The average household income in Lafayette, LA grew from $47,940 to $48,533 in the past year. This data is an estimate based upon 49,679 households in Lafayette, LA.
The chart below presents how household income is distributed in Lafayette, LA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: <$800

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lafayette, LA compared to median property taxes around the country. The prevalent amount of property taxes in Lafayette, LA equals <$800 , which is less than the national average.