Leased Triplex on Country
10016 Mustang Circle Keithville, LA 71047
10016 Mustang Circle, Keithville, LA, 71047
$270,000
For Sale
$270,000
MULTI_FAMILY - Keithville, LA
Property Size1,674 SF
Lot Size2.40 Acres
Price / SF$161.29
Days on Market131
Property Features for 10016 Mustang Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 5, Bedroom 2, Bathroom 3
- Parking
- 6
- Parking features
- Carport
- Interior features
- EatInKitchen
- Fireplace
- 1
- Appliances
- Dishwasher, ElectricCooktop, ElectricRange
- Standard status
- Active
- APN
- 161421006000300
- Lot size
- 2.40 Acres
Taxes and HOA fees
- Tax Description
- LOT 3, MEADOWLAKE FARMS UNIT 3. 161421-6-3.
- Tax Annual Amount
- 1997
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Vinyl, Linoleum
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Real Broker, LLC
(855) 450-0442
Denham Springs, LA
Listed by
Steven Futch · License #0000040604
(575) 937-7437
Added: Mar 10 Checked: Jul 18 at 5:06 am
MLS# 21168461
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 fully leased multifamily property offers a main 3-bedroom, 3-bathroom home along with two additional guest suites, creating a total of three tenant units. The setup provides a practical mix of private living space while keeping the overall property cohesive for an owner. The property sits on 2.39 acres and includes mature trees, giving it a quiet, country feel. Updates include a brand-new septic system installed in 2025.
Located just outside city limits in Keithville, Louisiana, the property benefits from the privacy and open-space character that many investors and owner-occupants look for when seeking a steadier rental environment. The units are currently fully occupied through December 2027, with three tenants on 2-year leases, supporting continuity of income.
As an investment opportunity, this property is well-suited for buyers seeking income stability and a turnkey tenant situation. It may also appeal to buyers who want the ability to live in the main home while maintaining rental income from the additional suites, benefiting from the property’s existing lease structure and recent septic replacement.
Located just outside city limits in Keithville, Louisiana, the property benefits from the privacy and open-space character that many investors and owner-occupants look for when seeking a steadier rental environment. The units are currently fully occupied through December 2027, with three tenants on 2-year leases, supporting continuity of income.
As an investment opportunity, this property is well-suited for buyers seeking income stability and a turnkey tenant situation. It may also appeal to buyers who want the ability to live in the main home while maintaining rental income from the additional suites, benefiting from the property’s existing lease structure and recent septic replacement.
Key Highlights
- 2.39‑acre property with a vintage 3‑bedroom, 3‑bath main home (1,674 sq. ft.) plus 2 guest suites
- Fully leased and occupied through December 2027 with three tenants on 2‑year leases
- New septic system installed in 2025
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.1k | $11.40 |
| − Vacancy | −$935 | −$0.56 |
| EGI | $18.1k | $10.84 |
| − OpEx | −$5.4k | −$3.25 |
| NOI | $12.7k | $7.59 |
1,674 SF · lease $11.40/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$181.5K
$158.8K – $211.7K
NOI $12,704 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$158.8K
$138.9K – $185.2K
NOI $11,114 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$331.2K
$289.8K – $386.4K
NOI $23,185 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully leased triplex with three long-term tenants, a new 2025 septic system, and a country setting just outside city limits.
Where is this triplex located?
The property is located at 10016 Mustang Circle Keithville, LA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 2.39‑acre property with a vintage 3‑bedroom, 3‑bath main home (1,674 sq. ft.) plus 2 guest suites; Fully leased and occupied through December 2027 with three tenants on 2‑year leases; New septic system installed in 2025
