Two-House Multifamily
For Sale
$59,999
1228 S Railroad Ave, Opelousas, LA 70570
Residential Income, Opelousas, LA
Property Size800 SF
Lot Size100.00 Acres
Price / SF$74
Days on Market143
Property Features for 1228 S Railroad Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Laundry Room, Bathroom 1, Bedroom 1
View
City
High school district
St Landry Parish
Directions
In Opelousas, both homes are located on the corner of S Railroad Ave and Bertheaud Ave.
Standard status
Active
APN
0100290750
Size
800 SF
Lot size
100.00 Acres
Building Details
Year built
1968
Floors in Building
1
Flooring type
Vinyl
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Capital Trust Home Services Company
(337) 453-0494
Listed By:
Ethel Carter
(337) 240-6163
Added: Jun 9
Changed: Oct 21
Last Checked: Oct 29 at 7:06AM
MLS# 11803222
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily offering includes two separate rental houses sold as one package. The property information identifies 800 square feet, a 1968 construction date, wood siding, vinyl flooring, and a metal roof. The listed room configuration includes two bedrooms, one bathroom, and a laundry room.
Located at 1228 S Railroad Ave in Opelousas, Louisiana, the property encompasses 100 acres. One unit is currently occupied and generating income, while the two-house configuration provides a residential income property with separate dwellings.
Located at 1228 S Railroad Ave in Opelousas, Louisiana, the property encompasses 100 acres. One unit is currently occupied and generating income, while the two-house configuration provides a residential income property with separate dwellings.
Key Highlights
- Two separate rental houses sold as one package
- One unit currently occupied and generating income
- 100 acres in Opelousas, LA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,241
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$84,820
$84.8K
Cap Rate 7%
$60,586
$60.6K
Cap Rate 9%
$47,122
$47.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$8.2K $10.20/SF
− Vacancy
−$449 −$0.56/SF
EGI
$7.7K $9.64/SF
− OpEx
−$3.5K −$4.34/SF
NOI
$4.2K $5.30/SF
Area
St. Landry County, LA
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$84,820
Cap Rate 7%
$60,586
Cap Rate 9%
$47,122
Alternative Uses
Best Use
Apartment 5plus
$60.6K
$53.0K – $70.7K
NOI $4,241 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$120.7K
$105.6K – $140.8K
NOI $8,448 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
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Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate rental houses are offered together, with one currently occupied and generating income.
Where is this multifamily property located?
The property is located at 1228 S Railroad Ave Opelousas, LA.
What is the asking price?
The asking price for this property is $59,999.
What are key features of this property?
This property features: Two separate rental houses sold as one package; One unit currently occupied and generating income; 100 acres in Opelousas, LA
