1341-20 Arpent Rd

New Iberia, LA 70560

$3,890,000
Price
168
Beds
61,060 Sq. Ft.
$64 / Sq. Ft.
61,060
Sq. Ft.
$64
per Sq. Ft.
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New
New

Description

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...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.
  1. Listed by Cameron Griffin • Bridgewater Realty Advisors, LLC
    P: (504)-535-5680 C: (504)-533-5680 cameron@bridgewater.realty
  2. Listed by Bridgewater Realty Advisors, LLC
    P: (504)-901-0463 mason@bridgewater.realty

Property Details for 1341-20 Arpent Road

Architectural Style
Traditional Style
LISTING UPDATED: 06/10/2026 06:22 PM

Property Details for 1341-20 Arpent Road

StatusActive
MLS #2562417
Days on MarketListed Today
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMULTI FAMILY FOR SALE / Townhouse
Year Built1988
Lot Size6.51 AC / 283,793 SF
CountyIberia Parish
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Location

Listing Courtesy of Bridgewater Realty Advisors, LLC
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Building Information for 1341-20 Arpent Road

Stories1Residences74Year Built1988Building Size-Lot Size6.51 AC / 283,793 SF

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$21,060 per month

30 year fixed, 6.36% Interest

Principal and Interest

$19,384

Property Taxes

$1,676

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1341-20 Arpent Road

Summary
Location and General Information
  • Directions: Bounding Streets: E St Peter St & Adrian St
  • Latitude: 29.99
  • Longitude: -91.80
  • MLS Area Minor: IBERIA
  • Year Built: 1,988
  • In City Limits: Yes
Parking
  • Parking Features: Off Street, Parking Lot, Driveway
Taxes and HOA
  • Association Amenities: Subd Acreage
  • Tax Legal Description: 1- 297/35/298 X 732/336/917 (6.515 AC) ITEM 15 CLIMA SECUR, TWENTY ARPENT RD, JEFFERSON TERRACE ADDITION, BOURGEOIS & LIPPMAN ETAL LOCATED IN SEC 38,
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Property
Lot Information
  • Building Area Total: 61060.0
  • Living Area Source: Public Records
  • Lot Size Acres: 6.515
  • Lot Size Dimensions: 297/35/298 X 732/336/917
Property and Assessments
  • Home Warranty: No
  • Parcel Number: 0501092495
  • Property Type: MULTI FAMILY FOR SALE
  • Overall Condition: Average
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • GS Utilities Gas: None
  • EL Utilities Elec: Entergy
  • Electric:
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
  • Foundation Details: Slab: Traditional
  • Roof: Asphalt
  • Stories: 1
Interior Features
  • Bathrooms Full: 74
  • Bathrooms Partial: 0
  • Bedrooms Total: 168
  • Cooling: Central Air
  • Entry Level: 1
  • Heating: Central
  • Interior Features: Handicap Interior Prov
  • Bathrooms Total Integer: 74
  • Laundry Features Desc: on site
Multi Family
Multi Family Information
  • Number Of Units Total: 74
Rental
Rent Information
  • Tenant Pays: Electricity, Gas
  • Total Actual Rent: 66005

Property History for 1341-20 Arpent Road

DateEvent & SourcePriceAppreciation
Jun 10, 2026

Listed (Active)

ROAM MLS #2562417

$3,890,000—
DateEvent & SourcePrice
06/10/2026

Listed (Active)

ROAM MLS #2562417

$3,890,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1341-20 Arpent Road

Taxable ValueLand$32,455Additions$192,043Total$224,498
Tax Record2025$20,106 ($1,676 / month)
Home Facts
Beds0Lot Size283,793 SqFtStyleMiscellaneous ResidentialCountyIBERIAAPN0501092495

Schools near 1341-20 Arpent Road

This home is within Iberia Parish School District.
Rating
School
Type
Grades
Distance
Magnolia Elementary School
Public - PK to 6
Iberia Middle School
Public - 7 to 8
New Iberia Senior High School
Public - 9 to 12
Delcambre High School
Public - 6 to 12
Rating
School
Distance
Magnolia Elementary School
PublicPK to 6

Iberia Middle School
Public7 to 8

New Iberia Senior High School
Public9 to 12

Delcambre High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1341-20 Arpent Road, New Iberia, LA 70560

1341-20 Arpent Road is a multi-family home for sale in New Iberia, LA 70560. This listing's school district is Iberia Parish School District. Nearby schools include Magnolia Elementary School, Iberia Middle School and New Iberia Senior High School. 1341-20 Arpent Road is a 168-bed, 74-bath, 61,060 sqft multi-family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bridgewater Realty Advisors, LLC

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS Logos. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ROAM MLS, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS.Listing information Copyright© 2026 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.