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    7384 Grand Prairie Hwy Rayne, LA 70578

    For Sale
    $162,000

    Residential Multi Family, Other - Rayne, LA

    Property size:
    3,631 SF
    Lot size:
    1.17 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 7384 Grand Prairie Hwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    Bathrooms
    3
    Size
    3,631 SF
    Lot size
    1.17 Acres

    Building Details

    Architectural style
    Other

    NextHome, Inc

    Listing agent Jessica Lafitte Landry (337) 484-1184 License #995696889,PersonLicenseNumber

    Listing date Dec 4, 2025

    MLS# 2500004147 Listing URL

    Copyright © 2025 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rayne Multifamily Investment Opportunity

    This investor package features three properties located in Mire, Louisiana, presenting an opportunity to expand an income-producing rental portfolio. The properties are being sold together and offer consistent monthly income with long-term potential. The first property, located at 7384 Grand Prairie Hwy, has 1,021 square feet, three bedrooms, and one bath, and is currently rented for $525 per month. The second property, located at 7378 Grand Prairie Hwy, features 1,163 square feet, three bedrooms, and one bath, and is currently rented for $550 per month. The third property, located at 7368 Grand Prairie Hwy, is the largest of the three, with 1,447 square feet, three bedrooms, and 1.5 baths, and is currently rented for $600 per month. The total rental income for all three properties is $1,675 per month. The combined size of the properties is 3,631 square feet, situated on a 1.17-acre lot.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Department Store Kitchen & Bath Accounting Firm Electrical Service Furniture Store Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rayne
    County
    Acadia
    State
    Louisiana
    Longitude
    -92.19444275
    Latitude
    30.29974174

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    FAQs

    What type of property is this?
    Multifamily property - Three income-producing properties in Mire, Louisiana, offered as an investor package.
    Where is this multifamily property located?
    The property is located at 7384 Grand Prairie Hwy Rayne, LA.
    What is the asking price?
    The asking price for this property is $162,000.
    What are key features of this property?
    This property features: - Investor package: Three income-producing properties sold together.; - Consistent monthly income: Total rental income of $1,675/month.; - Long-term investment potential.
    (337) 484-1184
    Request Owner's contact information
    7384 Grand Prairie Hwy Rayne, LA 70578
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7384 Grand Prairie Hwy Rayne, LA 70578
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