Multi-Family Rental
For Sale
$550,000
Pending
827 HIGHWAY 850, Grayson, LA 71435
RESIDENTIAL INCOME, Grayson, LA
Property SizeContact for details
Lot Size1.00 Acre
Days on Market363
Property Features for 827 HIGHWAY 850
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Fireplace
1
Appliances
Dishwasher, Gas Range/Oven, Washer/Dryer Connect
Directions
Head toward Highway 126 on Highway 165, Turn left onto Highway 126, then Turn right onto Highway 850
Subdivision
601 Caldwell Parish
Standard status
Pending
APN
32023705
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
see associated docs
Legal Description
see associated docs
Utilities
Heating system
Electric (Heating), Natural Gas
Cooling system
Electric
Water source
Public
Listing Agency:
Harrison Lilly
(318) 667-8458
Listed By:
Harrison Lilly · License #0995692997
(318) 732-6030
Added: Sep 11, 2025
Changed: Sep 8
Last Checked: Sep 8 at 5:06PM
MLS# 216387
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 multi-family rental portfolio includes a mix of single-family homes, manufactured homes, and developed RV lots, with current gross monthly income reported at over $6,000. Several homes include on-site storage or carport features, and one property includes outside storage in addition to a carport.
The portfolio’s components include 827 & 831 Highway 850 in Grayson, where two homes sit on roughly 1 acre and each is renting for $800/month. In Clarks, 156 Magnolia Dr is a 2004 Legend Tradition double-wide (3 BR/2 BA) on about 1/2 acre renting for $650/month, and 122 Sixth St is a two-story 3 BR/2 BA home renting for $700/month. Also in Grayson, 550 Highway 850 is a single-story brick home (3 BR/2 BA, approx.) with a single-car carport renting for $875/month, and 6765 Highway 126 W is a 3 BR/2 BA wood-frame home with carport and outside storage renting for $850/month. In Columbia, 660 Rodeo Rd is a 2017 Clayton mobile home (3 BR/2 BA) renting for $885/month and 114 Ray St is a 2020 Cappaert Big Foot mobile home (3 BR/2 BA) renting for $800/month. The portfolio also includes 116 Ray St with two developed RV lots, one currently rented for $500/month.
The portfolio’s components include 827 & 831 Highway 850 in Grayson, where two homes sit on roughly 1 acre and each is renting for $800/month. In Clarks, 156 Magnolia Dr is a 2004 Legend Tradition double-wide (3 BR/2 BA) on about 1/2 acre renting for $650/month, and 122 Sixth St is a two-story 3 BR/2 BA home renting for $700/month. Also in Grayson, 550 Highway 850 is a single-story brick home (3 BR/2 BA, approx.) with a single-car carport renting for $875/month, and 6765 Highway 126 W is a 3 BR/2 BA wood-frame home with carport and outside storage renting for $850/month. In Columbia, 660 Rodeo Rd is a 2017 Clayton mobile home (3 BR/2 BA) renting for $885/month and 114 Ray St is a 2020 Cappaert Big Foot mobile home (3 BR/2 BA) renting for $800/month. The portfolio also includes 116 Ray St with two developed RV lots, one currently rented for $500/month.
Key Highlights
- Portfolio includes a mix of single‑family homes, manufactured homes, and RV lots
- Current gross monthly income over $6,000 with room for future growth
- Two homes at 827 & 831 Hwy 850, Grayson: each rents for $800/month on roughly 1 acre
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 71435, LA
3,801
Population
1,691
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
86%
High-School Grad
211.0 sq mi
ZIP Area
18
Density / Sq Mi
$69,792
Median Household Income
$48,141
Median Earnings
$899
Median Rent
$137,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multiple single-family homes, manufactured homes, and RV lots generate over $6,000 in current gross monthly income.
Where is this multifamily property located?
The property is located at 827 HIGHWAY 850 Grayson, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Portfolio includes a mix of single‑family homes, manufactured homes, and RV lots; Current gross monthly income over $6,000 with room for future growth; Two homes at 827 & 831 Hwy 850, Grayson: each rents for $800/month on roughly 1 acre
