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Multifamily Acquisition Opportunity 317 Guilbeau Rd 128 Unit Apartment Building $10,500,000 ($82,031/Unit) 7.50% Cap Rate Lafayette, LA 70506
Investment Highlights
- (50) 3 Bed / 2 Bath, (50) 2 Bed / 1 Bath, (28) 1 Bed / 1 Bath
- $1.4 Millon-dollar recent capital expenditures
- Renovations include ceiling fans, a modern paint scheme, hardware, LVP flooring, granite countertops, goose neck faucets, and fixtures
- Built in 1970 - Renovated 2025
- ±6.75 Acres
- Renovations include stainless steel appliances, painted cabinets, low flow toliets, picnic area, laundry facility and playground
Executive Summary
The Lux at Lafayette went through an extensive $1.4M renovation and lease up in 2025. Through this transformation process the property produced an NOI of $533,313. Based on the current rent roll and expenses the property management company budgets the 2026 NOI at $820,864.
The job growth in the area has surged leasing success with recent announcements including transformative projects such as First Solar’s $1.1B AI-powered solar facility, the BioInnovation Accelerator, and the emerging drone technology and advanced manufacturing hubs—all generating thousands of new jobs.
The location places residents just minutes from employment centers, convenient shopping, dining, and entertainment. River Marketplace featuring Lululemon, Sephora, Topgolf, and Costco, Acadiana Mall, and the upscale Parc Lafayette are all close by. The residents enjoy quick access to the University of Louisiana at Lafayette, major hospitals like Ochsner Lafayette General, Our Lady of Lourdes, and Lafayette Regional Airport.
The job growth in the area has surged leasing success with recent announcements including transformative projects such as First Solar’s $1.1B AI-powered solar facility, the BioInnovation Accelerator, and the emerging drone technology and advanced manufacturing hubs—all generating thousands of new jobs.
The location places residents just minutes from employment centers, convenient shopping, dining, and entertainment. River Marketplace featuring Lululemon, Sephora, Topgolf, and Costco, Acadiana Mall, and the upscale Parc Lafayette are all close by. The residents enjoy quick access to the University of Louisiana at Lafayette, major hospitals like Ochsner Lafayette General, Our Lady of Lourdes, and Lafayette Regional Airport.
Property Facts
| Price | $10,500,000 | Building Class | B |
| Price Per Unit | $82,031 | Lot Size | 6.75 AC |
| Sale Type | Investment | Building Size | 229,914 SF |
| Cap Rate | 7.50% | Average Occupancy | 85% |
| No. Units | 128 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | LDC - Residential Mixed 1 | ||
| Price | $10,500,000 |
| Price Per Unit | $82,031 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 128 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.75 AC |
| Building Size | 229,914 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2025 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | LDC - Residential Mixed 1 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Tenant Controlled HVAC
- Smoke Free
- Maintenance on site
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | 660 |
| 2+1 | 50 | - | 810 |
| 3+2 | 50 | - | 1,006 |
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 6002195 | Improvements Assessment | $617,575 |
| Land Assessment | $88,195 | Total Assessment | $705,770 |
Property Taxes
Parcel Number
6002195
Land Assessment
$88,195
Improvements Assessment
$617,575
Total Assessment
$705,770
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Multifamily Acquisition Opportunity | 317 Guilbeau Rd
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