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1341 20 Arpent Road, 
New Iberia, LA 70560

$3,890,000


Bed


Bath


61,060

Sq Ft


Multi-Family

Active

Listed by

Cameron Griffin

Mason Mccullough

Bridgewater Realty Advisors, LLC.

504-901-0463

Last updated:

August 9, 2026, 03:39 PM

MLS#

NO2562417

Source:

LA RAAMLS

About This Home

1341 20 Arpent Road

Monthly Rent: $66,005 Cherrybrook Apartments presents a compelling investment opportunity in one of Acadiana's stable and growing rental markets. This 74-unit garden-style community delivers a well-balanced mix of workforce housing in a market characterized by consistent tenant demand and durable occupancy. Its classic brick-and-siding construction and established garden-style layout provide low-maintenance appeal that continues to resonate with long-term residents. The property features a thoughtfully composed unit mix designed to attract a broad tenant base seeking affordability, functionality, and convenience. The community consists of four one-bedroom units, forty-six two-bedroom units, and twenty-four three-bedroom units, offering a versatile range of housing options that supports stable, diversified rental income across the asset. With no rent restrictions in place, Cherrybrook offers investors immediate operational flexibility and meaningful upside through strategic management and rental optimization. When light cosmetic renovations improve 1-bed rents to $850, 2-bed rents to $950, and 3-bed rents to $1,150, a pro forma net operating income of $426,131 can be realized over 12-24 months (with adjusted property taxes and management fees). The foregoing measurements, rental income, operating metrics, and pro forma projections are assumed to be reliable based on available information and standard industry assumptions, though investors are advised to conduct independent verification.

Home Facts

Multi-Family

Price Summary

3,890,000

$63 per Sq. Ft.

MLS #:

NO2562417

Last Updated:

August 9, 2026, 03:39 PM

Added:

2 month(s) ago


Structure

Structure

Building Area:

61,060 Sq. Ft.


Lot

Lot Size (Sq. Ft):

283,575


Finances & Disclosures

Finances

Price:

$3,890,000

Price per Sq. Ft:

$63 per Sq. Ft.

Source:LA RAAMLS
The information being provided by REALTOR® Association Of Acadiana Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 REALTOR® Association Of Acadiana Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.