1. Louisiana
  2. Lafayette
  3. 510 Madison Street
$295,000

510 Madison Street, Lafayette, LA 70501

  • 5 beds |
  • 3 baths |
  • 2,890 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon9,239sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $102/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

Discover exceptional value-add investment potential in downtown Lafayette with this spacious 4 Plex property offering: Two 2 bedroom/1 bathroom units & Two 1 bedroom/1 bathroom units across 2,890 square feet. Currently generating $30,360 in annual rental income--well below market rates--this property presents an opportunity to increase returns to approximately $35,580 yearly with appropriate adjustments.Nestled in the vibrant heart of Lafayette, residents enjoy the perfect blend of urban convenience and cultural richness. The property sits within walking distance of beloved community treasures including Parc Sans Souci, Parc International, and the Lafayette Public Library Main Branch.Culture enthusiasts will appreciate proximity to the renowned Acadiana Center for the Arts and the internationally celebrated Festival International, which transforms downtown into a global cultural showcase each spring. Food lovers will delight in the array of nearby restaurants offering authentic Cajun cuisine and diverse dining options.This well-positioned multi-family home offers the perfect combination of steady income potential and quality living space in one of Lafayette's most desirable neighborhoods. Whether you're looking to expand your investment portfolio or seeking a property with reliable returns, this downtown gem delivers both character and practical value in Louisiana's cultural capital.Each unit has been rewired (2007) and the plumbing has been upgraded over the years. Each unit has washer and dryer connections.

Listing Status:
Active
Listing Office:
HUNCO Real Estate : 337-889-5711
Listing Agent:
William G Raines : 337-344-7173
MLS ID:
2500000133
  • Appliances: Refrigerator
  • Flooring: Wood
  • A/C: Window Unit(s)AC Unit(s)
  • Heating: CentralHeat Unit(s)

This listing courtesy of William G Raines, HUNCO Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Myrtle Place Elementary School

1100 Myrtle Pl, Lafayette, LA, 70506

Grades PK-5

0.67 miles away

L

Lafayette Middle School

1301 W University Ave, Lafayette, LA, 70506

Grades 6-8

0.56 miles away

E

Edward J Sam Accelerated School of Lafayette

200 18th St, Lafayette, LA, 70501

Grades 7-12

1.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.