New Iberia, LA - 22-Unit Multi-Family

218 W St Peter St, New Iberia Louisiana, 70560

Listing ID: CL-Louisiana-25958 Commercial Low/Mid Income Multifamily
Published on: Wednesday, July 23, 2025 | Updated on: Wednesday, July 23, 2025

Listing Summary

Unique value-add opportunity with a mix of fully furnished units through rental adjustments by bringing the tenants up to market rates

Full Description

Description

  • Unique value-add opportunity with a mix of fully furnished units through rental adjustments by bringing the tenants up to market rates
  • Significant recent capital expenditures, including a $50,000 generator was recently installed, adding to the property’s operational resilience
  • Community laundry and tenant-ready features such as ceiling fans and cable-ready access
  • Unit interiors vary, providing potential for cosmetic upgrades and rental upside

Location

  • Positioned along LA-182 just past Jefferson Street, in a high-traffic corridor
  • The asset benefits from nearby access to Highway 674 (13,700 VPD), Highway 90 (34,300 VPD), and Highway 14 (17,100 VPD), making this an ideal, centralized location with easy commutes
  • Zoned C-2, providing flexibility for continued multifamily use or future redevelopment
  • Located in Iberia Parish within the I-2 submarket, with established multifamily demand
Quick Glance
  • Listing ID: CL-Louisiana-25958
  • Status: Active
  • Year Build: 1950
  • Building Size: 10,544 SqFt
  • Lot Size: N/A

Additional Links

Property Documents

No documents available.

Complete Details

  • Year Build: 1950
  • Building Size: 10,544 SqFt
  • No of Stories: 1
  • No of Parking: 20
  • No of Total Units: 1
  • Heating and Cooling: Not Specified
  • Building Class: Class C

Pricing Details

Listing Location

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