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Sold on 03/08/2022
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507 3rd St, Duson, LA 70529

$69,000

Last sold 03/08/2022 for $1.15M

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    bed

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    bath

Multi-family not for sale
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About 507 3rd St

Property type Multi-family
Neighborhood
HOA fee $0/month
Movoto estimate
Property description
This 14-unit, 21 door rental portfolio consist of 2 - fourplexes, 1 - duplex and 11- single family homes around the Lafayette area with a gross monthly income of $12,550. These rental properties boost a 100% occupancy rate, and 24% cash-on-cash return. All the homes have had some level of renovation completed, 3 of which have been completely renovated. Due to the high level of rental demand in Acadiana, non-structural renovation projects were prioritized. According to the latest census, Lafayette is the 17th fastest growing city in the US, and demand for single family rentals is at an all-time high. Additionally, much of the rental portfolio has been managed by a third party management company. Don't miss out on a turnkey rental portfolio! No showings allowed until approved contract. No showings allowed until approved contract. Please do not disturb the the tenants.
Listed by
Listing Agent - Charles Ditch
Listing Office - Keaty Real Estate Team
Source: REALTOR® Association of Acadiana mls logo
MLS#21010858 • last updated 4 years ago
Movoto checked REALTOR® Association of Acadiana for data 11 minutes ago
Overview
Cooling/AC Central Air, Window Unit(s), AC Unit(s)
Heating Central, Other, Heat Unit(s)
SubType Other
Status Sold
MLS # 21010858
Property Condition 41 - 50 Years
Interior
Laundry Electric Dryer Hookup, Washer Hookup
Appliances Electric Cooktop
Exterior
Construction Frame, Brick Veneer, Wood Siding
Roof Composition, Metal
Foundation Pillar/Post/Pier
Parking Covered
# of Parking Spaces 30
Amenities / Utilities
Water Source Public
Location
Subdivision Town Of Duson
Area E
Elementary School Duson
High School Acadiana
Middle School Scott
Directions See Remarks
Multifamily Details
Total # of Units 14
$69K
Range: $53.8K-$84.1K
Last 30 days 
  • Mar 2022
    mls logo MLS # 21010858
  • Mar 8, 2022 Sold
    $1,150,000 (-22.0%)
  • Nov 28, 2021 Listed
    $1,475,000
  • Year Property taxes Tax assessment
  • 2024
    $491 +82.9%
    $5,228 +89.49%
  • 2023
    $269 +3.4%
    $2,759
  • 2022
    $260 -0.4%
    $2,759
  • 2021
    $261 +0.1%
    $2,759 -0.04%
  • 2020
    $260 +4.8%
    $2,760
  • 2019
    $249 -38.7%
    $2,760 -37.44%
  • 2018
    $405 +0.1%
    $4,412
  • 2017
    $405 +3610.7%
    $4,412 +208.53%
  • 2016
    $11
    $1,430
  • 2015
    $11
    —
  • 507 3rd St
    $1.15M
  • E
    —
  • 70529
    $226K -3% y/y
  • Duson
    $226K -3% y/y
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Statistics calculated by Movoto

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8/10
Duson Elementary School
public Grades PK, K-5
Lafayette Parish School District
5/10
Scott Middle School
public Grades 6-8
Lafayette Parish School District
5/10
Acadiana High School
public Grades 9-12
Lafayette Parish School District
Source: GreatSchools.org © 2026. All rights reserved.

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