LA > Lafayette > Mills Addition
Lafayette, LA 70501,510 Madison ST
Lafayette, LA 70501,510 Madison ST
Lafayette, LA 70501,510 Madison ST
Lafayette, LA 70501,510 Madison ST
Lafayette, LA 70501,510 Madison ST
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My'Run Londo

My'Run Londo

+1(985) 217-6394
$ 295,000
Est. payment | /mo

5 Beds

3 Baths

9,239 Sqft Lot

Save
$ 295,000
Est. payment | /mo
Save

5 Beds

3 Baths

9,239 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Mills Addition

MLS Listing ID 2500000133

Bedrooms 5

Full Baths 3

Lot Size 9,239 Sqft

Property Sub-Type Quadruplex

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.

Location

State LA

County Lafayette

Direction West Congress St. to Madison St. (across from Public Library)

Interior

Heating Central, Heat Unit(s)

Cooling Window Unit(s), AC Unit(s)

Flooring Wood

Appliance Refrigerator

Building

Story 2

Foundation Pillar/Post/Pier

Sewer Public Sewer

Schools

Elementary Schools Truman

Middle Schools Acadian

High Schools Lafayette

REALTOR® Association of Acadiana IDX
Listed by HUNCO Real Estate
My'Run Londo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(985) 217-6394

myrunlondo@yahoo.com

300 Rue Beauregard Building I, Lafayette, Louisiana, 70507, USA

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510 Madison ST