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Residential Income Property
For Sale
$45,000

306 AUSTIN AVENUE, West Monroe, LA 71292

RESIDENTIAL INCOME, West Monroe, LA

Property SizeContact for details
Lot Size0.17 Acres
Days on Market160

Property Features for 306 AUSTIN AVENUE

General Information

Property type Residential Multi Family
Property subtype Other
Patio and Porch features Porch
Exterior features Hard Surface Drive, Paved Street
Subdivision STEELE-MADDEN
Elementary school RIVERBEND O
Middle school RISER O
High school W MONROE O
Directions Head southwest on Bridge St, Take left ramp onto I-20 E toward Monroe. Take exit 116A toward Fifth St onto S 5th St. Turn left onto Austin Ave. End at 306 Austin Ave
Special listing conditions In Foreclosure
Standard status Active
APN 87120
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description LOT 10 SQ 24 STEELE MADDEN ADDN
Legal Description LOT 10 SQ 24 STEELE MADDEN ADDN

Utilities

Cooling system Central Air
Water source Public

Building Details

Year built 1939
Number of units 1
Roof type Composition
Listing Agency: Harrison Lilly
Listed By: DJ Fortenberry
Added: Apr 2 Changed: Sep 8 Last Checked: Sep 8 at 5:06PM
MLS# 218746

Copyright © 2026 Northeast Louisiana Association of REALTORS. 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 residential income property is offered for sale in West Monroe, Louisiana. The listing describes the asset as well-maintained and suited for generating rental income, and it is being sold as part of a package deal with other included properties. Please inquire for full details on the package.

The property is located at 306 Austin Avenue, West Monroe, LA 71292. The lot size is listed at 0.17 acres.

Additional building and unit configuration details are not provided in the available information.

Key Highlights

  • Residential income property built in 1939
  • Central air conditioning
  • Public water source

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Carpet & Flooring Store Home Appliance Store Tanning Salon Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,043
Businesses Nearby

Demographics for 71292, LA

22,774
Population
10,257
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
84%
High-School Grad
153.7 sq mi
ZIP Area
148
Density / Sq Mi
$51,317
Median Household Income
$40,879
Median Earnings
$885
Median Rent
$119,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Residential income property in West Monroe, LA, offered for sale as part of a multi-property package.
Where is this multifamily property located?
The property is located at 306 AUSTIN AVENUE West Monroe, LA.
What is the asking price?
The asking price for this property is $45,000.
What are key features of this property?
This property features: Residential income property built in 1939; Central air conditioning; Public water source
More about this property
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