314 Cleveland Street, Lafayette, LA 70501 (MLS# 2500006589)

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!

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