1518 Mclemore Street, New Iberia, LA 70560
$375,000
Property Type:
MultiFamily
Square Footage:
2,450
Status:
Active
Current Price:
$375,000
List Date:
7/30/2025
Last Modified:
9/16/2025
Description
Welcome to 1518 Mclemore Street, a turnkey multifamily investment property located in the heart of New Iberia, Louisiana. This solid three-unit townhouse complex is a rare opportunity to secure a reliable income-producing asset in a stable and growing rental market. With each spacious unit offering 3 bedrooms, 2 bathrooms, and over 1,225 square feet of thoughtfully laid-out living space, this property is ideal for both seasoned investors and those looking to grow their real estate portfolio. Built for functionality and tenant comfort, this two-story townhouse-style triplex sits on a well-maintained parcel in a quiet, residential neighborhood. The complex includes three nearly identical units, each designed to feel like a private home rather than an apartment.
Supplements: ********
More Information MLS# 2500001806
Listing Info
Delayed Marketing: No
List Price/SqFt: 153.06
Document Modified: 2025-07-30 12:49:56.483759
Status: Active
Listing Date: 2025-07-30
Listing Price: 375000
Current Price: $375,000
Type: Multi Family
Modification Timestamp: 2025-09-16T12:56:07Z
Photo Modified: 2025-07-30T17:49:56Z
Location, Tax & Legal Info
School District: Iberia Parish
Multiple Tax Parcels: 0505159004O
Legal Desc: 1- 18 X 122/124 ITEM 1
LOT 21C, LOT 21A, MCLEMORE ST, CITY OF NEW IBERIA
BEING LOT 21B, BLK 11, SOUTHPORT SUB PART 2
1 - 18 X 121/122 ITEM 1
LOT 21D, LOT 21B, MCLEMORE ST, CITY OF NEW IBERIA
BEING LOT 21C, BLK 11, SOUTHPORT SUB PART 2
1 - 23/33
General Property Description
Approximate Age: 16 - 20 Years
Property Condition: Resale
Lot Dimensions: 18 X 122/124
SqFt - Total: 2450
SqFt - Source: Approximate
Total Parking Spaces: 3
# Heat Units: 3
# AC Units: 3
Individual Metered?: Yes
Mineral Rights: Conveyed
Number of Units: 3
Remarks & Misc
Remarks: Welcome to 1518 Mclemore Street, a turnkey multifamily investment property located in the heart of New Iberia, Louisiana. This solid three-unit townhouse complex is a rare opportunity to secure a reliable income-producing asset in a stable and growing rental market. With each spacious unit offering 3 bedrooms, 2 bathrooms, and over 1,225 square feet of thoughtfully laid-out living space, this property is ideal for both seasoned investors and those looking to grow their real estate portfolio. Built for functionality and tenant comfort, this two-story townhouse-style triplex sits on a well-maintained parcel in a quiet, residential neighborhood. The complex includes three nearly identical units, each designed to feel like a private home rather than an apartment.
Office/Member/Contract Info
REO: No
List AOR: RAA
Siding
Vinyl Siding: 1
Construction
Frame: 1
Foundation
Slab: 1
Heating
Central: 1
Electric: 1
Cooling
Central Air: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Water Company: Need to Verify
Appliances
Electric Range: 1
Microwave: 1
Unit 1
Beds: 3
Full Baths: 2
SqFt: 1225
Occupant: Tenant
Unit 2
Beds: 3
Full Baths: 2
SqFt: 1225
Occupant: Tenant
Unit 3
Beds: 3
Full Baths: 2
Occupant: Tenant
SqFt: 1225
Financing
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Originating Details
Originating System ID: M00000300
Originating System Key: 20250729182453327757000000
Originating System Listing ID: 2500001806
Originating System Name: RAA Flex
Location Tax Legal Info
Street Number: 1518
Street Name: Mclemore
St Suffix: Street
Parish: Iberia
State: LA
Zip Code: 70560
Subdivision: Southport
Area: I2
Tax Assessment Number: 0505159004m
Elementary School: Magnolia
Middle School: Iberia
High School: New Iberia
Directions: Adm., Doyle drive toward Jeanerette, pass NISH, turn Right on Southport Blvd, Right on Mclemore st. Unit is on the left.
Property Features
Siding: Vinyl Siding
Construction: Frame
Foundation: Slab
Heating: Central; Electric
Cooling: Central Air
Appliances: Electric Range; Electric Range; Microwave
Sewer: Public Sewer
Water Source: Public
Financing: Cash; Conventional; FHA; VA
Listing Office: ReHive, LLC
Last Updated: September - 16 - 2025
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.