24-Unit Apartment Complex w/ Additional Land

111, 121, 131 Teresa Dr., Saint Martinville, LA 70582

Property Information

  • For Sale $1,785,700
  • Property Type Multi-Family
  • Property Size 21,684 SF
  • Units 24
  • Lot Size 1.73 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Jun 6, 2026

Description

Northeast side of Teresa Drive, St. Martinville, St. Martin Parish, Louisiana24 Unit Apartment Complex For Sale - Twelve (12) 2 Bedroom, 1 Bath units @ 840 SF each - Twelve (12) 1 Bedroom, 1 Bath units @ 720 SF each - Approximately 0.86 additional acres included could be used for additional apartments - Has laundry facility on site - NOI is $125,000.00, (7% CAP) - Stays fully leased - Flood Zone "X' - no flood - Also available, 136-Unit Mini-Storage Facility

Highlights

  • 24 Unit Apartment Complex For Sale
  • Also available, 136-Unit Mini-Storage Facility
  • Approximately 0.86 additional acres included could be used for additional apartments
  • Flood Zone "X' - no flood
  • Has laundry facility on site
  • NOI is $125,000.00, (7% CAP)
  • Stays fully leased
  • Twelve (12) 1 Bedroom, 1 Bath units @ 720 SF each
  • Twelve (12) 2 Bedroom, 1 Bath units @ 840 SF each

Contacts

Location

Located at 111, 121, 131 Teresa Dr., Saint Martinville, LA 70582, this property is part of the St. Martinville neighborhood and Lafayette Lake Charles market.

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