Four-Unit
For Sale
$325,000
2027 JACKSON Street, Alexandria, LA 71301
Multi-Family, Alexandria, LA
Property Size3,315 SF
Price / SF$98.04
Days on Market328
Property Features for 2027 JACKSON Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Lot features
Corner, Regular
Subdivision
CHATEAU ON JACKSON
Standard status
Active
APN
2403800200010801
Size
3,315 SF
Taxes and HOA fees
Tax Description
LOT FRONTING 100' ON JACKSON AND 81' ON 21ST ST
Legal Description
LOT FRONTING 100' ON JACKSON AND 81' ON 21ST ST
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Number of units
4
Roof type
Shingle
Listing Agency:
STEVEN SEALE PROPERTIES, LLC
(318) 445-3359
Listed By:
Steven Seale · License #0912124868
(318) 715-3333
Added: Oct 13, 2025
Changed: Aug 26
Last Checked: Sep 5 at 5:06PM
MLS# 2526296
Copyright © 2026 Greater Central Louisiana REALTORS® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,315-square-foot quadplex, built in 1960, contains four residential units: two one-bedroom apartments and two two-bedroom apartments. Central heating and central air conditioning serve the building, while a shingle roof, public water service, and off-street parking support the property’s basic infrastructure. The configuration provides a mix of smaller and larger units within one multifamily asset.
The property is located at 2027 Jackson Street in Alexandria, Louisiana, 71301. Its four-unit layout and established physical improvements offer a straightforward format for residential income ownership, with one property encompassing the complete unit mix.
The property is located at 2027 Jackson Street in Alexandria, Louisiana, 71301. Its four-unit layout and established physical improvements offer a straightforward format for residential income ownership, with one property encompassing the complete unit mix.
Key Highlights
- Four‑unit quadplex with 3,315 square feet
- Unit mix includes 2 one‑bedroom and 2 two‑bedroom apartments
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,730
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$554,600
$554.6K
Cap Rate 7%
$396,143
$396.1K
Cap Rate 9%
$308,111
$308.1K
Market Conditions
NOI Build-Up for 3,315 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.4K $13.08/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$39.6K $11.95/SF
− OpEx
−$11.9K −$3.58/SF
NOI
$27.7K $8.36/SF
Area
Rapides County, LA
Vacancy
8.64%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$554,600
Cap Rate 7%
$396,143
Cap Rate 9%
$308,111
Alternative Uses
Best Use
Multifamily LT 5
$396.1K
$346.6K – $462.2K
NOI $27,730 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$352.3K
$308.3K – $411.0K
NOI $24,661 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$913.8K
$799.6K – $1.07M
NOI $63,966 @ 7.0% cap · market cap 19.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 71301, LA
20,454
Population
9,173
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
12.5 sq mi
ZIP Area
1,636
Density / Sq Mi
$44,330
Median Household Income
$31,233
Median Earnings
$919
Median Rent
$156,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained residential income property with two one-bedroom units, two two-bedroom units, and central heating and air conditioning.
Where is this quadplex located?
The property is located at 2027 JACKSON Street Alexandria, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,315 square feet; Unit mix includes 2 one‑bedroom and 2 two‑bedroom apartments; Built in 1960
