Updated 4-Unit
For Sale
$349,900
1240 MISSISSIPPI ST, Donaldsonville, LA 70346
Multifamily, Donaldsonville, LA
Property Size4,450 SF
Lot Size0.44 Acres
Price / SF$78.63
Days on Market353
Property Features for 1240 MISSISSIPPI ST
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 2
Parking
6
Patio and Porch features
Patio, Porch
Interior features
Walk-In Closet(s)
Exterior features
Lighting
Fencing
Chain Link
Appliances
Dishwasher, Electric Cooktop, Microwave, Refrigerator, Range, Freezer, Dishwasher, Electric Cooktop, Microwave, Refrigerator, Range, Freezer
Subdivision
City of Donaldsonville
Elementary school district
Ascension Parish
Middle school district
Ascension Parish
High school district
Ascension Parish
Directions
I-10 East, exit Donaldsonville/Sorrento exit and go right, take left on Hwy 70 and go over Sunshine Bridge, right on Hwy 3120(next to OYOHotel), left on Hwy 18(River Rd), property a mile down on the left.
Standard status
Active
APN
1101201
Lot size
0.44 Acres
Taxes and HOA fees
Tax Description
.40 AC. M/L RBMR, FAUBOURG LAPIPE
Legal Description
.40 AC. M/L RBMR, FAUBOURG LAPIPE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Wall Unit(s)
Water source
Public
Building Details
Year built
1867
Number of units
4
Flooring type
Wood, Tile, Vinyl
Building materials
Frame, Wood Siding, Asbestos Siding
Roof type
Metal
Listing Agency:
Reve REALTORS
(504) 300-0700
Listed By:
Brandon Katz · License #995713122
(225) 210-6091
Added: Nov 6, 2025
Changed: Oct 23
Last Checked: Oct 25 at 9:06AM
MLS# 2025020458
Copyright © 2026 ROAM 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.
Built in 1867, this four-unit property contains approximately 4,450 square feet of living area on a 0.44-acre lot. The unit mix comprises three one-bedroom, one-bath apartments and one two-bedroom, one-and-a-half-bath apartment. Improvements include updated HVAC, electrical, plumbing, and structural components, while high ceilings and original architectural details remain. A front porch and large backyard extend the usable outdoor space, and off-street parking is available.
The property is on Mississippi Street in Donaldsonville, near the city’s historic corridor. The front porch looks toward the nearby Mississippi River levee. Public water and sewer serve the property.
The property is on Mississippi Street in Donaldsonville, near the city’s historic corridor. The front porch looks toward the nearby Mississippi River levee. Public water and sewer serve the property.
Key Highlights
- Four units: three 1‑bedroom, 1‑bath apartments and one 2‑bedroom, 1.5‑bath apartment
- Approximately 4,450 square feet of living area on a 0.44‑acre lot
- Built in 1867, with HVAC, electrical, plumbing, and structural upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,646
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,920
$472.9K
Cap Rate 7%
$337,800
$337.8K
Cap Rate 9%
$262,733
$262.7K
Market Conditions
NOI Build-Up for 4,450 SF
Gross rent
$41.7K $9.36/SF
− Vacancy
−$7.9K −$1.77/SF
EGI
$33.8K $7.59/SF
− OpEx
−$10.1K −$2.28/SF
NOI
$23.6K $5.31/SF
Area
Ascension County, LA
Vacancy
18.90%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,920
Cap Rate 7%
$337,800
Cap Rate 9%
$262,733
Alternative Uses
Best Use
Multifamily LT 5
$337.8K
$295.6K – $394.1K
NOI $23,646 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$292.4K
$255.8K – $341.1K
NOI $20,467 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$976.5K
$854.4K – $1.14M
NOI $68,352 @ 7.0% cap · market cap 19.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 70346, LA
10,342
Population
4,275
Households
2.4
Avg Household Size
38
Median Age
12%
College-Educated
85%
High-School Grad
64.9 sq mi
ZIP Area
159
Density / Sq Mi
$37,490
Median Household Income
$22,364
Median Earnings
$854
Median Rent
$186,800
Median Home Value
Check the figures for this property
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?
Quadplex - The residential layout combines one- and two-bedroom apartments for a range of occupancy arrangements.
Where is this quadplex located?
The property is located at 1240 MISSISSIPPI ST Donaldsonville, LA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Four units: three 1‑bedroom, 1‑bath apartments and one 2‑bedroom, 1.5‑bath apartment; Approximately 4,450 square feet of living area on a 0.44‑acre lot; Built in 1867, with HVAC, electrical, plumbing, and structural upgrades
