Three-Duplex Rental
1310 Jeannie St, Pineville, LA 71360
For Sale
$510,000
The six residences are leased and have separate water and electric meters.
Property Size5,541 SF
Price / SF$92.04
Days on Market9
Property Features for 1310 Jeannie St
General Information
Standard status
Size
Property subtype
Occupancy
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
STEVEN SEALE PROPERTIES, LLC
(318) 445-3359
Listed By:
Tate Moran · License #995711016
(318) 277-6910
Source:
Exprealty
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STEVEN SEALE PROPERTIES, LLC
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Investment Insights
Based on property information with market context.
This Pineville offering combines three duplex properties with six residential units. All units are currently rented, and each has its own water and electric meter. The properties are offered together as one acquisition.
Key Highlights
- Three duplex properties offered together
- Six residential units, all currently rented
- Each unit has a separate water meter and electric meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,350
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,000
$927.0K
Cap Rate 7%
$662,143
$662.1K
Cap Rate 9%
$515,000
$515.0K
Market Conditions
NOI Build-Up for 5,541 SF
Gross rent
$72.5K $13.08/SF
− Vacancy
−$6.3K −$1.13/SF
EGI
$66.2K $11.95/SF
− OpEx
−$19.9K −$3.58/SF
NOI
$46.4K $8.36/SF
Area
Rapides County, LA
Vacancy
8.64%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,000
Cap Rate 7%
$662,143
Cap Rate 9%
$515,000
Alternative Uses
Best Use
Multifamily LT 5
$662.1K
$579.4K – $772.5K
NOI $46,350 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$588.9K
$515.3K – $687.0K
NOI $41,221 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,919 @ 7.0% cap · market cap 20.96%
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
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 71360, LA
36,026
Population
15,970
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
90%
High-School Grad
193.1 sq mi
ZIP Area
187
Density / Sq Mi
$59,592
Median Household Income
$41,561
Median Earnings
$924
Median Rent
$196,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The six residences are leased and have separate water and electric meters.
Where is this duplex located?
The property is located at 1310 Jeannie St Pineville, LA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Three duplex properties offered together; Six residential units, all currently rented; Each unit has a separate water meter and electric meter
