Two-Unit Duplex with Central
For Sale
$185,000
569 W 5TH Street, Independence, LA 70443
Multi-Family, Traditional, Independence, LA
Property Size2,450 SF
Lot Size0.18 Acres
Price / SF$75.51
Days on Market329
Property Features for 569 W 5TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway, Off Street
Subdivision
Not a Subdivision
Lot features
Regular
Standard status
Active
APN
00882607
Size
2,450 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
LOT 38 SQ 24
Legal Description
LOT 38 SQ 24
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
2018
Floors in Building
1
Number of units
2
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Elite Real Estate Advisors · Century 21 Real Estate
(985) 542-7601
Listed By:
Sergio Mesa · License #912124506
(504) 390-5229
Added: Nov 12, 2025
Changed: Sep 16
Last Checked: Oct 7 at 12:06PM
MLS# 2530430
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.
Built in 2018, this duplex contains two residential units within 2,450 square feet on a 0.1836-acre parcel. Each unit provides three bedrooms, one full bathroom, a living room, kitchen, and washer/dryer hookups. Central heating and central air serve the property, while the shingle and asphalt roof adds to the building’s core improvements. Parking is provided through a driveway and off-street spaces, and the property is connected to public water.
The property is located at 569 W 5th Street in Independence, Louisiana, directly across from the Independence Police Station. Independence’s historic downtown district is nearby, with local retail, restaurants, services, schools, parks, and community facilities in the surrounding area. Interstate 55 and other main thoroughfares provide access toward Hammond, Amite, and Baton Rouge.
The property is located at 569 W 5th Street in Independence, Louisiana, directly across from the Independence Police Station. Independence’s historic downtown district is nearby, with local retail, restaurants, services, schools, parks, and community facilities in the surrounding area. Interstate 55 and other main thoroughfares provide access toward Hammond, Amite, and Baton Rouge.
Key Highlights
- Two‑unit duplex with 2,450 square feet of total property size
- Each unit offers 3 bedrooms and 1 full bath
- Built in 2018 on a 0.1836‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,021
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,420
$320.4K
Cap Rate 7%
$228,871
$228.9K
Cap Rate 9%
$178,011
$178.0K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$32.0K $13.08/SF
− Vacancy
−$2.9K −$1.19/SF
EGI
$29.1K $11.89/SF
− OpEx
−$13.1K −$5.35/SF
NOI
$16.0K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,420
Cap Rate 7%
$228,871
Cap Rate 9%
$178,011
Alternative Uses
Best Use
Multifamily LT 5
$263.2K
$230.3K – $307.1K
NOI $18,426 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$228.9K
$200.3K – $267.0K
NOI $16,021 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$675.4K
$591.0K – $788.0K
NOI $47,277 @ 7.0% cap · market cap 25.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 70443, LA
10,229
Population
3,321
Households
3.1
Avg Household Size
38
Median Age
18%
College-Educated
74%
High-School Grad
76.2 sq mi
ZIP Area
134
Density / Sq Mi
$59,333
Median Household Income
$36,242
Median Earnings
$953
Median Rent
$145,700
Median Home Value
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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?
Duplex - Each residence includes three bedrooms, one full bath, a kitchen, living room, and washer/dryer hookups.
Where is this duplex located?
The property is located at 569 W 5TH Street Independence, LA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,450 square feet of total property size; Each unit offers 3 bedrooms and 1 full bath; Built in 2018 on a 0.1836‑acre lot
