Building Details

Year built 2000

Floors in Building 1

Number of units 5

Roof type Metal

Architectural style Other

Listing Agency: Elite Real Estate Advisors · Century 21 Real Estate J***@latterblum.com Show Phone

Listed By: Sergio Mesa · License #912124506 Show Phone

Added: Apr 27 Changed: Sep 12 Last Checked: Oct 7 at 1:06PM

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MLS# 2555167

Copyright © 2026 New Orleans Metropolitan 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.

Located at 48087 & 48091 Galafora Road in Tickfaw, LA, this multi-property package presents an income-producing opportunity. The location provides convenient access to Southeastern Louisiana University, Interstate 55, Highway 1064, and Highway 51. The main residence, situated at 48087 Galafora Road, features 4 bedrooms, 2 bathrooms, and 2,373 square feet of living space. Additionally, a 288 square foot 1-bedroom efficiency apartment offers potential for additional rental income or guest accommodations. The property sits on an oversized lot and includes a two-car garage, a single-car carport, and a large circular driveway providing ample parking. Washer and dryer hookups are located in the garage. Behind the main residence at 48091 Galafora Road, a triplex building houses three separate units. Each unit contains 2 bedrooms and 1 bathroom, with two assigned parking spaces at the front door. The total property size is 5,286 square feet on a 1-acre lot. Landlord is responsible for lawn care, while tenants are responsible for utilities.

Key Highlights

• Income‑producing multi‑property package featuring a main residence and triplex.
• Convenient location near Southeastern Louisiana University, I‑55, Highway 1064, and Highway 51.
• Main residence features 4 bedrooms, 2 bathrooms, and a 1‑bedroom efficiency apartment.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,755

Cap Rate

7.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$795,100 $795.1K

Cap Rate 7%

$567,929 $567.9K

Cap Rate 9%

$441,722 $441.7K

Market Conditions

NOI Build-Up for 5,286 SF

Gross rent

$62.2K $11.76/SF

− Vacancy

−$5.4K −$1.02/SF

EGI

$56.8K $10.74/SF

− OpEx

−$17.0K −$3.22/SF

NOI

$39.8K $7.52/SF

Area

Tangipahoa County, LA

Vacancy

8.64%

Lease Rate

$11.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$795,100

Cap Rate 7%

$567,929

Cap Rate 9%

$441,722

Alternative Uses

Best Use

Multifamily LT 5

$567.9K

$496.9K – $662.6K (±1% cap)

NOI $39,755 @ 7.0% cap · market cap 7.95%

Second Best

Apartment 5plus

$493.8K

$432.1K – $576.1K (±1% cap)

NOI $34,567 @ 7.0% cap · market cap 6.91%

Theoretical Best

Office A

$1.46M

$1.28M – $1.70M (±1% cap)

NOI $102,002 @ 7.0% cap · market cap 20.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Triplexes

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 70466, LA

8,856

Population

3,879

Households

2.3

Avg Household Size

36

Median Age

10%

College-Educated

65%

High-School Grad

34.3 sq mi

ZIP Area

258

Density / Sq Mi

$63,691

Median Household Income

$34,613

Median Earnings

$820

Median Rent

$174,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Triplex - Multi-family property near Southeastern Louisiana University with strong income potential.

Where is this triplex located?

The property is located at 48087 48091 GALAFORA Road Tickfaw, LA.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Income‑producing multi‑property package featuring a main residence and triplex.; Convenient location near Southeastern Louisiana University, I‑55, Highway 1064, and Highway 51.; Main residence features **4 bedrooms, 2 bathrooms, and a 1‑bedroom efficiency apartment.**