#2500000220, Jake Zimmerman, Listing office: Scout Real Estate Co.
Property details
About 510 Madison St
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.
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingWindow Unit(s)
Size2,890 sqft
MLS #2500000133
Summary
- Appliances: Refrigerator
- Flooring Type: Wood
- Heating: Central
- Cooling: Window Unit(s)
- List Price: $295,000
- Price/SqFt: $102
- Annual Tax Amount: $708
- Tax Year: 2023
- Directions: West Congress St. to Madison St. (across from Public Library)
- Stories: 2
- Living Area: 2,890 SqFt
- MLS Number: 2500000133
- MLS Name: REALTOR® Association of Acadiana
- Office Name: HUNCO Real Estate
- Listing Agent: William G Raines
The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTORS® Association of Acadiana’s MLS. Real Estate listings held by other brokerage firms are marked with the MLS approved icon for IDX. The materials contained within this page may not be reproduced without the express written consent of The Realtor® Association of Acadiana. The information contained within this page is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but is not guaranteed and should be verified by personal inspection or with the appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. The materials contained within this page may not be reproduced without the express written consent of this broker. Some real estate firms do not participate in Internet Data Exchange® and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Copyright 2025 the REALTORS® Association of Acadiana. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 11:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 19, 2007 | Home Sold | $25,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $6,689 | $708 |
| 2022 | $6,689 | $699 |
| 2021 | $6,689 | $699 |
| 2020 | $6,689 | $699 |
| 2019 | $6,689 | $671 |
| 2018 | $6,690 | $682 |
| 2017 | $6,690 | $681 |
History based on county public records data.
Nearby schools
10
Myrtle Place Elementary School
Public District PK-5
0.7 mi
•1100 Myrtle Pl
7
Dr. Raphael A. Baranco Elementary School
Public District KG-5
0.7 mi
•801 Mudd Ave
3
Alice N. Boucher Elementary School
Public District PK-5
1.4 mi
•400 Patterson St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,717. Typical income of Lafayette, LA residents is less than $<35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
55%
<35k
39%
35k-100k
3%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
75%
Single, No Kids
9%
Single, with Kids
10%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
5%
12-17 yrs old
36%
18-34 yrs old
43%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Soccer
Figure Skating
Where do the neighbors shop?
Burlington
Forever 21
Family Dollar
Where do the neighbors go to eat?
Cicis Pizza
Dominos Pizza
Church's Chicken
What do the neighbors drive?
Pontiac
Mazda
Cadillac
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Lafayette, LA
Lafayette's transportation infrastructure supports a variety of mobility options, with an emphasis on accommodating both private vehicle travel and public transit users. The city's roadways connect residents to major employment centers and recreational destinations, while public transportation services offer routes that facilitate access to key areas of the city. Walkability varies across neighborhoods, with certain districts offering more pedestrian-friendly environments. The city is continually working to improve transport efficiency and accessibility to ensure a high quality of life for its residents.
The community is served by a comprehensive array of services, including public and private educational institutions that cater to a range of academic and extracurricular interests. Healthcare facilities in Lafayette are equipped to provide a spectrum of services, from routine care to specialized treatments. The city's public library system supports lifelong learning and community engagement. Retail and dining establishments reflect the local culture, offering everything from traditional Cajun cuisine to international fare, and the city is proactive in adapting its services to meet the evolving needs of its diverse population.
Lafayette prides itself on its vibrant culture, deeply rooted in Cajun and Creole traditions. The city's character is further enriched by its reputation as the 'Heart of Acadiana,' with numerous festivals, including the famous Festival International de Louisiane, celebrating the area's Francophone heritage. The community's spirit is characterized by a blend of historical charm and a dynamic social scene, appealing to both residents and visitors alike.
Lafayette's housing market showcases a blend of traditional Acadian-style homes, modern condominiums, and spacious single-family residences. The architectural landscape is a testament to the city's rich cultural heritage and contemporary growth. Single-family homes are the cornerstone of the housing sector, while apartments and townhouses offer alternatives for those seeking a more urban living experience. The homeownership rate in Lafayette is robust, reflecting the community's investment in long-term residency.
About 510 Madison St
The listing price of 510 Madison St property is $295,000.
The property 510 Madison St is a multi located in Lafayette, Louisiana, 70501.
Active Listing: 510 Madison St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 510 Madison St are: Myrtle Place Elementary School (GreatSchools Rating 10/10), Dr. Raphael A. Baranco Elementary School (GreatSchools Rating 7/10), Alice N. Boucher Elementary School (GreatSchools Rating 3/10), Lafayette Middle School (GreatSchools Rating 6/10), Willow Charter Academy (GreatSchools Rating 6/10), Paul Breaux Middle School (GreatSchools Rating 5/10), N. P. Moss Preparatory Academy (GreatSchools Rating 3/10), Edward J Sam Accelerated School of Lafayette (GreatSchools Rating 2/10), Northside High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $708 (source: MLS/based on county public records data).
The last sale was on July 19, 2007 for $25,000 (source: MLS/tax record).
The property 510 Madison St is 2,890 SqFt (source: MLS/tax record).
This home is located at 510 Madison St in Lafayette, LA and zip code 70501. Features: 0 bathroom. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $295,000.
The inventory of homes for sale in Lafayette, LA between May and June 2025 increased by 21.6%. Listings spent 122 days on the market in June 2025, and had a median list price of $275,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.