Buying In New Iberia, LA
Sell Your Commercial Property In New Iberia, LA
Own a commercial apartment building of five or more units in New Iberia? We purchase multifamily properties around Downtown New Iberia, Jeanerette, and the rest of Iberia 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
New Iberia Submarkets: Downtown New Iberia · Jeanerette · Loreauville · Youngsville — Iberia Parish, LA
Why New Iberia
Why We Buy Multifamily In New Iberia
New Iberia, in south Louisiana's Iberia Parish, had 27,571 residents in ACS 2020-2024. Renting is common here: 48.5% of New Iberia households rent, against 32.7% across Iberia Parish. Median gross rent was $894, and median household income was $47,087. Apartment stock runs deep: 12.9% of New Iberia homes sit in buildings with five or more units. This profile gives owners who want to sell commercial property in New Iberia, LA the rent, millage and lease-law figures buyers check, each tied to an official source.
Port of Iberia fabrication
Turner Industries chose a 95-acre Port of Iberia site in New Iberia for fabrication, per Louisiana Economic Development, March 2021.McIlhenny Company on Avery Island
McIlhenny has made TABASCO on Avery Island in Iberia Parish since 1868, selling in over 195 countries and territories.Commutes across parish lines
27.3% of New Iberia workers, or 2,774 people, work in another Louisiana parish, per ACS 2020-2024.Our Buy Box
What We Buy In New Iberia
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
New Iberia Apartment Market
Figures gathered October 2026 from public market data.
Who rents in New Iberia
New Iberia is a renter town: 48.5% of its 11,381 occupied homes were rented in ACS 2020-2024, per Census tenure data. Iberia Parish as a whole rents at 32.7%. In New Iberia, 12.9% of homes sit in buildings of five or more units, or 1,742 homes, per ACS units in structure. The stock is old: 57.4% of New Iberia homes were built before 1980, with a median year built of 1975, per ACS year built.
Rents and affordability
Median gross rent in New Iberia was $894 a month in ACS 2020-2024, below the Louisiana median of $1,064, per ACS median gross rent. In New Iberia, 45.0% of renters spend 30% or more of income on rent, per ACS rent burden. Rental vacancy was 11.2% (margin of error 3.9 points), per ACS DP04. Investors who sell commercial real estate in New Iberia, LA will see buyers underwrite against Iberia Parish's HUD FY2027 FMR schedule:
| Unit size | HUD FY2027 FMR, Iberia Parish, LA |
|---|---|
| Efficiency | $726 |
| One-bedroom | $813 |
| Two-bedroom | $981 |
| Three-bedroom | $1,286 |
| Four-bedroom | $1,624 |
Property taxes in Iberia Parish
Apartment buildings in New Iberia are assessed at 10% of fair market value, the class for land and residential improvements under Louisiana Constitution Article VII, Section 18. Parishwide levies plus City of New Iberia levies totaled 91.58 mills on the 2025 roll, per the Legislative Auditor 2026 Maximum Millage Report. That total holds 69.22 parishwide mills, including 35.45 school mills, plus 22.36 city mills; special district levies are excluded.
A $2,000,000 building assesses at $200,000, and 91.58 mills produces $18,316.00 a year, an effective 0.916%. Owners who plan to sell commercial property in New Iberia, LA should expect buyers to model that bill.
Landlord rules in Louisiana
Deposits must be returned within one month after the lease ends, with an itemized statement for any amount kept, under R.S. 9:3251. Willful failure costs $300 or twice the amount wrongfully kept, whichever is greater, under R.S. 9:3252. A notice to vacate must allow at least five days, unless the lease waives it, under Code of Civil Procedure Article 4701. R.S. 9:3258 says lessor rights may not be abridged except by state law.
What it means for an owner
To sell commercial property in New Iberia, LA, start with net income after the 91.58-mill tax bill; the cap rate calculator helps.
Skyline Capital Investments buys 5+ unit apartment buildings. Owners ready to sell your apartment building in New Iberia can request an offer.
Local Knowledge
New Iberia Seller Checklist
More about selling in Louisiana →Investing in New Iberia? See apartment syndications in New Iberia →
- City of New Iberia levies totaled 22.36 mills on the 2025 roll, per the Legislative Auditor.
- Selling commercial property in New Iberia means pricing against an $894 median gross rent.
- Owners who sell commercial real estate in New Iberia, LA face buyers pricing 57.4% pre-1980 stock.
Seller Guides
Selling In New Iberia? Common Situations We Handle
Learn More
Taxes & Rules For New Iberia Property
The Louisiana rules that shape any deal in New Iberia: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
New Iberia Seller FAQ
How much property tax does an apartment building in New Iberia pay?
A $2,000,000 New Iberia apartment building assesses at 10%, or $200,000. Parishwide and City of New Iberia levies totaled 91.58 mills on the 2025 roll, so the bill is about $18,316 a year before special district levies. That is an effective rate of 0.916%.
What do buyers look at when I sell commercial property in New Iberia, LA?
Buyers check rent against market, tax load and building age. New Iberia median gross rent was $894 in ACS 2020-2024, and 57.4% of homes predate 1980. HUD's FY2027 fair market rent for a two-bedroom in Iberia Parish is $981.
How do I sell commercial real estate in New Iberia, LA if my building has older units?
To sell multifamily property in New Iberia, price the building on current net income and expected capital work. In New Iberia, 57.4% of homes were built before 1980, with a median year built of 1975. Buyers will budget for roofs, plumbing and electrical, so documented repairs support a stronger offer.
How long does a Louisiana landlord have to return a security deposit?
Louisiana R.S. 9:3251 requires the deposit back within one month after the lease ends, with an itemized statement for any amount kept. Under R.S. 9:3252, willful failure exposes a landlord to $300 or twice the amount wrongfully kept, whichever is greater.
How many renters live in New Iberia?
New Iberia had 5,524 renter households out of 11,381 occupied homes in ACS 2020-2024, a 48.5% renter share. Iberia Parish rents at 32.7%. About 12.9% of New Iberia homes, or 1,742, sit in buildings with five or more units.
What if my New Iberia building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Iberia Parish?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in New Iberia without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in New Iberia?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Have A Property In New Iberia?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
