Landon Cove Portfolio — Sale in Lafayette, LA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Lafayette, LA 70508
Photos
Investment Figures
- Cap rate
- 5.82%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Three 4-plex buildings and one 5-plex building totaling seventeen modern townhome units in the Landon Cove subdivision of Lafayette, Louisiana. Every unit is a 3-bedroom / 2-bathroom floor plan with 1,350 square feet of living space and an attached one-car garage. Built in 2024 as a purpose-built rental (build-to-rent) community. Unit features include granite countertops, high ceilings, open-concept living areas, tile/vinyl plank flooring, walk-in pantry, full appliance package, washer/dryer hookups, energy-efficient double-pane windows, and central air and heating. Construction is slab-on-grade with Hardie board siding, all-electric utilities, front and rear covered porches, modern farmhouse design, a scenic pond setting, and an HOA-managed subdivision with minimal dues. Investment Highlights: • 2024 new construction — seventeen purpose-built rental townhomes across three 4-plex buildings and one 5-plex building • Uniform 3BR/2BA floor plans — every unit 1,350 SF with an attached one-car garage, granite countertops, and full appliance package • Low-maintenance build-to-rent design — Hardie board siding, slab-on-grade construction, all-electric utilities, energy-efficient double-pane windows • Lease-up upside — 82.4% occupancy (14 of 17) with three vacant units underwritten at $2,000/mo market rent; Year 1 NOI of $311,413 vs. $259,453 in place • Lafayette growth-corridor location — off La. Hwy 339 in south Lafayette, minutes from the Youngsville and Broussard growth corridors
Market Context
This multifamily in Lafayette, LA is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Lafayette, LA — view the full market.
Contact
- Chris Shaheen · (225) 376-6750 · chris.shaheen@marcusmillichap.com
- Jessica Thompson · (225) 376-6726 · jessica.thompson@marcusmillichap.com
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