Commercial Property for Sale in New Iberia Louisiana 70560
218 W St Peter St, New Iberia, Louisiana 70560
$769,000
$73 / sq ft 9.99% cap rate Listed Jul 23, 2025
10,544 sqft
Building
1950
Built
1
Stories
20
Parking
1
Units
Class C
Class
About this property
Commercial Property for Sale in New Iberia Louisiana 70560 is a multifamily for sale in New Iberia, Louisiana, listed at $769,000. Key details: year built 1950, building size 10,544 sqft, stories 1, parking spaces 20. Listed by Jack Cornell of SRS Real State Partners on LoopingCloud and last updated May 22, 2026.
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
Key highlights
- Net Lease Investment
- Zoning C2
- Lot Size (acres) 0.49
- APN 05 04571000
- Ownership Fee Simple (Land & Building)
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1950
- Building Size
- 10,544 sqft
- Stories
- 1
- Parking Spaces
- 20
- Total Units
- 1
- Building Class
- Class C
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $76,855
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
9.99%
Cap rate
$76,855
Net operating income
$73
Price per sq ft
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2025 | - | - | - | $76,855 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $769,000 | 10% | - | - | - |
Features and amenities
Property Features
- Zoning: C2
- Lot Size: (acres) 0.49
- APN: 05 04571000
- Ownership: Fee Simple (Land & Building)
Highlights
- 22-Units | Recent Capital Expenditures | Well Below Market Rent
- Located in New Iberia, LA | Zoned C-2 | Centralized Location
- Landlord Paid Utilities | Full Service Utility Structure
- Asset with Solid Construction | Long Term Hold Potential
Location
Address as shown by the lister.
Get directionsAbout this area - New Iberia
- Population
- 41,687
- Housing units
- 15,826
- Land area
- 279.5 sq mi
- County
- Iberia
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in New Iberia Louisiana 70560?
Commercial Property for Sale in New Iberia Louisiana 70560 is listed at $769,000. That works out to about $73 per square foot. The stated cap rate is 9.99%.
Where is Commercial Property for Sale in New Iberia Louisiana 70560 located?
The property is in 218 W St Peter St, New Iberia, Louisiana 70560, Iberia County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 10,544 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Jack Cornell of SRS Real State Partners listed this property. Use the Request Info button to send a message or call (801) 410-1621.
When was this listing published?
It was published on July 23, 2025 and last updated on May 22, 2026.
Listing information
- Listing ID
- CL-Louisiana-25958
- Published
- Jul 23, 2025
- Last updated
- May 22, 2026
- Views
- 369
- Status
- Sold
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