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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!
| DAYS ON MARKET | 19 | LAST UPDATED | 1/1/2026 |
|---|---|---|---|
| TRACT | J Eugene Trahan | YEAR BUILT | 1955 |
| COMMUNITY | G2 | COUNTY | Lafayette |
| STATUS | Pending | PROPERTY TYPE(S) | Single Family |
| Elementary School | Woodvale |
|---|---|
| Jr. High School | L J Alleman |
| High School | Lafayette |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Range |
| AREA | G2 |
| CONSTRUCTION | Asbestos, Frame |
| HEAT | Central |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 50 x 125 |
| PARKING | Open |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | J Eugene Trahan |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
Listed with Real Broker, LLC
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana’ MLS. Real Estate listings held by brokerage firms other than ReHive LLC are marked with the MLS approved icon for IDX (a little black house).
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it 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.
Copyright 2026 REALTOR® Association of Acadiana MLS. All rights reserved
This IDX solution is (c) Diverse Solutions 2026.
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