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1140 Madeline Ave, Lafayette, LA, 70506

3beds
1baths
1,500sqft
$95,000
$63price/sqft
$771/moest. monthly cost
$30,840/yrincome needed

About This Home

Perfect investment opportunity! Package of three rental homes in same neighborhood. Income-producing properties. One the same size and the other property is larger with long term renters. Newly refurbished interior freshly painted including floors redone, plumbing and AC. Large yard with off street parking. There’s extra living area which used to be single garage. Income-producing property. This 3 bedroom with closets, 2 large living spaces, 1 bath home features a functional layout, generous storage space is a great opportunity for investors looking to add to their portfolio.

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
50
BikeBikeable

Schools

4/10
Lafayette Middle SchoolGrades 6-81.2 mi
6/10
Acadiana High SchoolGrades 9-123.9 mi

Construction

Condition

  • Year built: 1971

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dryer,Washer
  • Laundry features: In Unit

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Forced air
  • Cooling features: Central,Other

Interior Area

  • Total interior livable area: 1,500 sqft

Property

Details

  • Parcel number: 6014529

Lot

  • Lot size: 5,227 sqft

Parking

  • Parking features: Off-street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Hurricane
Cold Wave
Lightning
Heat Wave
Inland Flooding
Ice Storm

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $480$5,760
Home Insurance *$99$1,188
Property Taxes $45$540
Electricity $147$1,773
Total$771$9,252
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,434/yr
40% on housing$23,130/yr
45% on housing$20,560/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.2%
6.2%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$63This listing

vs Other Active Listings

Avg $/sqft

ZIP 70506$115
Lafayette Parish$157

vs Homes Sold Last Month

Median $/sqft

ZIP 70506$143
Lafayette Parish$149

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-25Listed for sale$95,000
2026-05-29Listing removed$850
2026-05-01Price change$850
2026-03-17Listed for rent$950
2026-03-17Listing removed$950
2025-12-11Listed for rent$950
2022-02-28Listing removed--
2022-02-25Price change$850
2022-02-10Listed for rent$900

For Sale by Owner

AgentProperty Owner

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