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Pennant Real Estate

[email protected] +1(225) 663-2112

$ 215,000

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314 Cleveland ST Lafayette, LA 70501

3 Beds

1 Bath

1,300 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $165

Subdivision J Eugene Trahan

MLS Listing ID 2500006589

Bedrooms 3

Full Baths 1

Year Built 1955

Lot Size 6,098 Sqft

Property Sub-Type Single Family Residence

Property Description

Looking for a property that will help financially assist itself for a college student? How about the ability to rent out not one but two units to help supplement a large portion of your mortgage?314 Cleveland is just that property!Perfectly positioned just steps from UL and the heart of downtown Lafayette, this property places you in the middle of everything the city has to offer. From Girard Park and the farmers market to festivals, live music, restaurants, nightlife, the art scene, Downtown Alive, and even the Mardi Gras parade route--you can truly walk to it all. Outdoor lovers will also appreciate easy access to the historic Atakapa-Ishak Bike Trail, making this location as practical as it is exciting.Beyond the unbeatable setting, this property shines as a flexible income-producing opportunity. The main home features solid construction, spacious bedrooms, and an abundance of natural light throughout--creating a comfortable, livable space that appeals to both owners and tenants alike. Tucked behind the main residence are two separate apartment units, offering built-in rental potential without sacrificing privacy.The rear apartments include a 700-square-foot first-floor 2-bedroom, 1-bath unit and a 560-square-foot second-floor 1-bedroom, 1-bath unit, providing multiple income streams from a single property. Whether you're a seasoned investor looking to add a strong asset in a high-demand rental area, or a first-time buyer or college student seeking to live in the main home while rental income helps offset--or even cover--the mortgage, this property offers a smart path to ownership.Opportunities like this are rare: a walkable downtown location, multiple living spaces, and true income potential all in one. Live, invest, and build equity in one of Lafayette's most vibrant and sought-after areas!

Location

State LA

County Lafayette

Direction Johnston Street- Cross over University Ave - Right onto General Mouton Ave. - Left onto Gordon St. Right onto Cleveland- Home is on the right.

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Vinyl Tile, Wood

Appliance Electric Range, Gas Stove Con

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Fence Chain Link, Wood

Roof Type Metal

Garage false

Private Pool false

Building

Lot Description 0 to 0.5 Acres, Level

Story 1

Foundation Pillar/Post/Pier

Sewer Public Sewer

Schools

Elementary Schools Woodvale

Middle Schools L J Alleman

High Schools Lafayette

Listed by Real Broker, LLC

Pennant Real Estate

Broker

+1(225) 663-2112

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Baton Rouge, LA

Pennant Real Estate

314 Cleveland ST Lafayette, LA 70501

Key Details

Location

Interior

Exterior

Building

Schools

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314 Cleveland ST

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