4-Unit Wood-Sided
For Sale
$280,000
213 W Vine Street, Opelousas, LA 70570
Residential Income, Opelousas, LA
Property Size4,142 SF
Price / SF$67.60
Days on Market97
Property Features for 213 W Vine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Elementary school
Call School Board
Middle school
Call School Board
High school
Call School Board
Elementary school district
St Landry Parish
Middle school district
St Landry Parish
High school district
St Landry Parish
Directions
I-49 N towards Opelousas, take exit 19B onto 190 W to Opelousas, go 1.7 miles and take a left onto Liberty St, then left onto W Vine, home is on your right. All 4 homes are in close proximity.
Subdivision
L2
Standard status
Active
APN
0103406530
Size
4,142 SF
Taxes and HOA fees
Tax Description
1 LOT (90X169.7) OPELOUSAS ORIGINAL TOWN N VINE ST S LACOMBE E MARKET ST W MAMALAKIS FRONTING 90' ON MARKET ST 1217397
Legal Description
1 LOT (90X169.7) OPELOUSAS ORIGINAL TOWN N VINE ST S LACOMBE E MARKET ST W MAMALAKIS FRONTING 90' ON MARKET ST 1217397
Utilities
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Number of units
4
Building materials
Wood Siding
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Lindsey Reed · License #0912123604
(337) 303-3987
Added: Jun 15
Changed: Sep 13
Last Checked: Sep 19 at 6:06AM
MLS# 2600005380
Copyright © 2026 Realtor Association of Acadiana. 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 4-unit residential property comprises four homes totaling 4,142 square feet. The portfolio includes residences at 213 W Vine Street, 217 W Vine Street, 304 S Market Street, and 308 S Market Street. Most of the homes are tenant occupied, providing an existing residential income component.
The properties feature wood siding, electric heating, window-unit cooling, and public water service. The four addresses are located in Opelousas, Louisiana, within ZIP code 70570. The configuration offers a small multifamily portfolio with multiple residential structures rather than a single apartment building.
The properties feature wood siding, electric heating, window-unit cooling, and public water service. The four addresses are located in Opelousas, Louisiana, within ZIP code 70570. The configuration offers a small multifamily portfolio with multiple residential structures rather than a single apartment building.
Key Highlights
- 4 homes totaling 4,142 square feet
- Most homes are tenant occupied
- Addresses include 213 W Vine, 217 W Vine, 304 S Market, and 308 S Market
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
$23,798
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
8.50%
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%
$475,960
$476.0K
Cap Rate 7%
$339,971
$340.0K
Cap Rate 9%
$264,422
$264.4K
Market Conditions
NOI Build-Up for 4,142 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
$35.8K $8.64/SF
− Vacancy
−$1.8K −$0.43/SF
EGI
$34.0K $8.21/SF
− OpEx
−$10.2K −$2.46/SF
NOI
$23.8K $5.75/SF
Area
St. Landry County, LA
Vacancy
5.00%
Lease Rate
$8.64 /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%
$475,960
Cap Rate 7%
$339,971
Cap Rate 9%
$264,422
Alternative Uses
Best Use
Multifamily LT 5
$340.0K
$297.5K – $396.6K
NOI $23,798 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$313.7K
$274.5K – $366.0K
NOI $21,959 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$624.9K
$546.8K – $729.0K
NOI $43,740 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units with existing tenant occupancy and separate addresses across Opelousas.
Where is this quadplex located?
The property is located at 213 W Vine Street Opelousas, LA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 4 homes totaling 4,142 square feet; Most homes are tenant occupied; Addresses include 213 W Vine, 217 W Vine, 304 S Market, and 308 S Market
