Lafayette Multifamily Buyer
Sell Your Commercial Property In Lafayette, LA
Own a commercial apartment building of five or more units in Lafayette? We purchase multifamily properties around Downtown Lafayette, Youngsville, and the rest of Lafayette Parish, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown Lafayette · Youngsville · Broussard · Carencro — Lafayette Parish, LA
Market Snapshot
Renter Demand In Lafayette
Lafayette is a renter-heavy city inside a mostly owner-occupied parish. Renters occupy 24,828 of 52,966 occupied homes in Lafayette, or 46.9%, per Census ACS 2020-2024 estimates. Lafayette Parish sits at 34.5%, and Louisiana at 32.6%. Lafayette also holds 86.8% of the parish's homes in buildings of five or more units.
Median gross rent in Lafayette is $1,100 a month. HUD's FY2027 two-bedroom fair market rent is $1,092. Rental vacancy is 6.2% in Lafayette, below Louisiana's 7.8%, per ACS profile table DP04.
Demand rests on education, health care and energy services. The University of Louisiana at Lafayette enrolled 19,723 students in fall 2025. Ochsner Lafayette General Medical Center has 334 beds. Halliburton and Franks Casing rank among the ten largest property taxpayers in Lafayette Parish.
If you plan to sell commercial property in Lafayette, LA, these are the numbers a buyer will check first. Skyline Capital Investments buys 5+ unit apartment buildings in Downtown Lafayette, Youngsville, Broussard, Carencro and across Lafayette Parish.
UL Lafayette enrollment
The University of Louisiana at Lafayette reported 19,723 students in fall 2025, including 3,214 first-time freshmen, the largest freshman class in its history, per the university.Ochsner Lafayette General
Ochsner Lafayette General Medical Center has 334 beds, and 25.8% of employed Lafayette residents work in education, health care and social assistance, per ACS 2020-2024.Energy-services taxpayers
Halliburton and Franks Casing rank among Lafayette Parish's ten largest property taxpayers as of December 31, 2024, per Lafayette Consolidated Government's 2025 popular annual financial report.Our Buy Box
What We Buy In Lafayette
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Lafayette Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Lafayette
Lafayette has 24,828 renter households, 46.9% of occupied homes, per ACS 2020-2024 tenure data. Lafayette Parish has 34,831 renter households, a 34.5% share, per the parish tenure table. Lafayette therefore holds 71.3% of the parish's renter households.
Median household income in Lafayette is $61,915, per ACS table B19013. Lafayette Parish is higher at $67,451, a gap of $5,536 a year. Louisiana's median is $60,756.
Education and health care anchor renter demand. The University of Louisiana at Lafayette reported 19,723 students in fall 2025, including a record 3,214 first-time freshmen. Ochsner Lafayette General Medical Center has 334 beds, per Ochsner's residency facilities page. In Lafayette, 15,199 of 58,924 employed residents, or 25.8%, work in education, health care and social assistance, per ACS table C24050.
Energy services remain part of the base. Halliburton and Franks Casing rank among the ten largest Lafayette Parish property taxpayers as of December 31, 2024. That list appears in the Lafayette Consolidated Government 2025 popular annual financial report. ACS 2020-2024 counts 1,940 Lafayette residents in mining, quarrying, and oil and gas extraction, per table C24030.
Rents and affordability in Lafayette
Median gross rent in Lafayette is $1,100 a month, per ACS 2020-2024 table B25064. Lafayette Parish is $1,057 and Louisiana is $1,064. HUD's FY2027 two-bedroom fair market rent is $1,092, which is $8 below the Lafayette median.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $835 |
| One-bedroom | $971 |
| Two-bedroom | $1,092 |
| Three-bedroom | $1,375 |
| Four-bedroom | $1,607 |
The table shows HUD FY2027 fair market rents for the Lafayette, LA HUD Metro FMR Area, effective October 1, 2026.
In Lafayette, 46.6% of renter households pay 30% or more of income on rent, per ACS table B25070. A smaller group, 25.7%, pays 50% or more. Rental vacancy is 6.2% in Lafayette and 5.7% in Lafayette Parish, per ACS profile table DP04. Both sit below the 7.8% Louisiana rate.
Apartment stock in Lafayette
Lafayette has 14,395 homes in buildings of five or more units, or 24.2% of its housing, per ACS table B25024. Lafayette Parish has 16,584 such homes, so 86.8% of the parish's apartment stock sits in Lafayette. Statewide, 11.2% of homes are in buildings of five or more units.
Lafayette has 2,456 homes in buildings of 50 or more units. The median year built in Lafayette is 1981, per ACS table B25035. In Lafayette, 48.0% of homes predate 1980, per table B25034. Lafayette Parish is newer, with a 1988 median and 35.7% built before 1980.
Anyone selling commercial property in Lafayette should have roof, HVAC and drainage records ready, since buyers of older stock look hard at capital needs. Youngsville, Broussard and Carencro are separate municipalities in Lafayette Parish, and we review buildings there too.
Property taxes in Lafayette Parish
A $2,000,000 Lafayette apartment building owes about $9,611 a year in city and parish government levies. Louisiana assesses land and residential improvements at 10% of fair market value. Other property is assessed at 15%, under Article VII, Section 18 of the state constitution. That section also requires reappraisal at intervals of no more than four years.
Apartments fall in the 10% class: the Caddo Parish Assessor's classification table lists residential improvements, including apartments, at 10%. The Lafayette Parish Assessor sets fair market value locally and notes that the $7,500 homestead exemption equates to $75,000 of market value. On a $2,000,000 building, assessed value is $200,000, so each mill costs $200.
For the year ended October 31, 2025, the City of Lafayette levied 18.54 mills, per the LCG 2025 popular annual financial report. Lafayette Parish levied 29.515 mills in the same report, for 48.055 mills combined. On the example building that is $3,708 in city tax and $5,903 in parish tax. This total covers only the Lafayette Consolidated Government levies in that report.
Lafayette bills and collects its own city property taxes, while the Lafayette Parish Sheriff collects parish taxes. Both are due by December 31 and become delinquent on January 1, per the LCG report. Owners preparing to sell commercial property in Lafayette, LA should put the latest city and parish bills in the data room.
Landlord rules in Lafayette
Louisiana gives landlords one month after a residential lease ends to return the deposit, under R.S. 9:3251. A landlord that keeps part of it must send an itemized statement within one month, or within 15 days after that month. If the lessor's interest transfers during a lease, the deposit passes to the successor. Owners who sell commercial real estate in Lafayette, LA should list every deposit on the rent roll for that reason.
Willful failure costs the amount wrongly kept plus $300 or twice that amount, whichever is greater, under R.S. 9:3252. Failure to remit within 30 days after written demand counts as willful.
Eviction notice is short. Code of Civil Procedure Article 4701 requires written notice to vacate allowing at least five days, and a lessee may waive it in the lease. Civil Code Article 2728 requires notice ten calendar days before month end to end a month-to-month lease. For oral leases, R.S. 9:3259 adds attorney fees when rent stays unpaid 20 days after written demand and the landlord wins judgment.
Lessor rights "shall not be altered, abridged or diminished except by state law," under R.S. 9:3258. Those rights remain subject to the reasonable exercise of the police power.
What it means for a Lafayette owner
A Lafayette owner sells into a tight rental market, with 6.2% vacancy and a $1,100 median rent. When you sell commercial real estate in Lafayette, LA, buyers will weigh that vacancy against your rent roll. They will also price in roughly $9,611 a year of city and parish levies on a $2,000,000 building. Run your numbers first with our cap rate calculator.
Skyline Capital Investments buys 5+ unit apartment buildings. If you want to sell your apartment building in Lafayette, our sell my apartment building page explains how we work.
Owners ready to sell commercial property in Lafayette, LA can compare their unit rents with the HUD FY2027 table above. UL Lafayette's 19,723 students and Ochsner Lafayette General's 334 beds are the demand story buyers will cite.
Good To Know
Lafayette Seller Checklist
More about selling in Louisiana →Investing in Lafayette? See apartment syndications in Lafayette →
- Lafayette holds 71.3% of Lafayette Parish renter households and 86.8% of the parish's homes in buildings of five or more units, per ACS 2020-2024.
- At Louisiana's 10% residential assessment ratio, each mill on a $2,000,000 Lafayette apartment building costs $200, and city plus parish levies total 48.055 mills.
- Rental vacancy in Lafayette is 6.2% under ACS 2020-2024 estimates, below the 7.8% Louisiana rate, and buyers test that figure against the rent roll.
- Owners who sell multifamily property in Lafayette should keep deposits itemized, because R.S. 9:3251 requires the seller to transfer tenant deposits to the buyer.
Seller Guides
Lafayette Seller Situations
Learn More
Taxes & Rules For Lafayette Property
The Louisiana rules that shape any deal in Lafayette: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Lafayette Seller FAQ
What is the average rent in Lafayette, LA?
Census ACS 2020-2024 estimates put the median gross rent in Lafayette at $1,100 a month, including utilities. Lafayette Parish is lower at $1,057, and Louisiana is $1,064. HUD's FY2027 fair market rents for the Lafayette metro area run from $835 for an efficiency and $971 for a one-bedroom to $1,092 for a two-bedroom and $1,375 for a three-bedroom.
How much property tax does an apartment building in Lafayette pay?
Louisiana assesses residential improvements, including apartments, at 10% of fair market value. A $2,000,000 building therefore has $200,000 of assessed value, and each mill costs $200. For the year ended October 31, 2025, the City of Lafayette levied 18.54 mills and Lafayette Parish levied 29.515 mills. Together that is $9,611 a year, due by December 31.
Can I sell commercial property in Lafayette, LA without listing it?
Yes. Skyline Capital Investments buys 5+ unit apartment buildings directly, so there is no listing period. A buyer will start with the market data: 46.9% of Lafayette homes are rented, rental vacancy is 6.2%, and median gross rent is $1,100, per ACS 2020-2024. Have a current rent roll, the latest city and parish tax bills and a list of tenant deposits ready.
What will buyers check when I sell commercial real estate in Lafayette, LA?
Buyers will look at building age first. Lafayette homes have a median year built of 1981, and 48.0% predate 1980, per ACS 2020-2024. They will compare your rents with the $1,092 HUD FY2027 two-bedroom figure and the 6.2% rental vacancy rate. They will also ask for deposit records, because Louisiana law moves tenant deposits to the new owner.
How much notice does a Lafayette landlord give before eviction?
Louisiana Code of Civil Procedure Article 4701 requires written notice to vacate allowing at least five days after delivery, and a lessee may waive that notice in the lease. Civil Code Article 2728 requires notice ten calendar days before month end to end a month-to-month lease. For oral leases, R.S. 9:3259 adds attorney fees when rent stays unpaid 20 days after written demand.
How long does a Lafayette landlord have to return a security deposit?
Under Louisiana R.S. 9:3251, a residential deposit is due back within one month after the lease ends, with an itemized statement for any amount kept. Under R.S. 9:3252, willful failure costs the amount wrongly kept plus $300 or twice that amount, whichever is greater. Owners who plan to sell multifamily property in Lafayette should settle deposit records first.
Will you buy a Lafayette property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Do you work with Lafayette brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Lafayette, and we keep every conversation confidential.
Who buys occupied rental property in Lafayette?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
How fast can I sell my apartment building in Lafayette?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Lafayette
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
