Three-Home Residential Investment
For Sale
$245,000
Pending
276 Landry Street, Sunset, LA 70584
MULTI_FAMILY - Sunset, LA
Property Size2,470 SF
Days on Market45
Property Features for 276 Landry Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Subdivision
Joseph B Sibille
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
Coming from Opelousas head N on I 49 towards Sunset. Take exit 11 for LA 93 S toward Sunset. Merge onto LA 93. Turn right onto Napoleon Ave. Turn left onto Landry St. Homes will be on the right.
Standard status
Pending
APN
0200113721
Size
2,470 SF
Taxes and HOA fees
Tax Description
1 LOT D (.175 AC) FRONTING 82.11' ON LANDRY ST IN SEC 59 & 71 T-7S R-4E
Legal Description
1 LOT D (.175 AC) FRONTING 82.11' ON LANDRY ST IN SEC 59 & 71 T-7S R-4E
Utilities
Heating system
Wall Furnace, Central
Cooling system
Ceiling Fan(s), Central Air, Window Unit(s)
Water source
Public
Building Details
Number of units
3
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Real Broker, LLC
(337) 418-9700
Listed By:
Lana Soileau · License #995684974
(337) 945-1324
Added: Jul 22
Changed: Jul 31
Last Checked: Sep 4 at 7:06AM
MLS# 2600006733
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 listing offers a residential income investment package consisting of three homes sold together. The combined offering is designed for buyers seeking to add multiple rental properties in a single transaction.
Located in Sunset, Louisiana, the properties are described as being just minutes from I-49, with nearby access to everyday conveniences including grocery stores, restaurants, gas stations, and shopping.
Total property size is listed as 2,470 square feet. The homes are being offered as one package for sale at a single listed price.
Located in Sunset, Louisiana, the properties are described as being just minutes from I-49, with nearby access to everyday conveniences including grocery stores, restaurants, gas stations, and shopping.
Total property size is listed as 2,470 square feet. The homes are being offered as one package for sale at a single listed price.
Key Highlights
- Package deal includes three homes sold together
- Public water source
- Roof is metal
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
$13,095
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
5.34%
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%
$261,900
$261.9K
Cap Rate 7%
$187,071
$187.1K
Cap Rate 9%
$145,500
$145.5K
Market Conditions
NOI Build-Up for 2,470 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
$25.2K $10.20/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$23.8K $9.64/SF
− OpEx
−$10.7K −$4.34/SF
NOI
$13.1K $5.30/SF
Area
St. Landry County, LA
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
45.00%
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%
$261,900
Cap Rate 7%
$187,071
Cap Rate 9%
$145,500
Alternative Uses
Best Use
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,095 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.6K
$326.0K – $434.7K
NOI $26,083 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 70584, LA
7,471
Population
2,698
Households
2.8
Avg Household Size
38
Median Age
21%
College-Educated
82%
High-School Grad
34.6 sq mi
ZIP Area
216
Density / Sq Mi
$70,327
Median Household Income
$43,497
Median Earnings
$1,037
Median Rent
$184,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Package includes three homes sold together in Sunset, with convenient access to I-49 and nearby daily amenities.
Where is this single family property located?
The property is located at 276 Landry Street Sunset, LA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Package deal includes three homes sold together; Public water source; Roof is metal
