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Four-Unit Mobile Home Portfolio
For Sale
$360,000

13238 Depen St, Gonzales, LA 70737

Three-property rental package includes mobile homes and a small attached apartment.

Property Size5,000 SF
Price / SF$72
Days on Market500

Property Features for 13238 Depen St

General Information

Standard status Active
Size 5,000 SF
Property subtype Investment

Financials

Asking Price $360,000
Gross Income $47,400

Additional Details

Multifamily Units 4
Listing Agency: Realty Executives South Louisiana Group
Listed By: Gary Fontenot · License #0000041561
Source: Lacdb.resimplifi
Added: Jun 4, 2025 Changed: Oct 6 Last Checked: Oct 14 at 7:44PM

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 Realty Executives South Louisiana Group

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Investment Insights

Based on property information with market context.

This rental portfolio comprises 3 properties and 4 units, including 3 mobile homes. One of the mobile homes includes a small attached apartment, adding a secondary residential component within the package. The reported property size is 5,000 SF.

The portfolio is located at 13238 Depen St in Gonzales, Louisiana. The offering is structured as a multi-property package with residential rental improvements across the three properties.

Key Highlights

  • 3 properties containing 4 rental units
  • 3 mobile homes included
  • One mobile home has a small attached apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$22,997
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,940 $459.9K
Cap Rate 7%
$328,529 $328.5K
Cap Rate 9%
$255,522 $255.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$52.2K $10.44/SF
− Vacancy
−$10.4K −$2.08/SF
EGI
$41.8K $8.36/SF
− OpEx
−$18.8K −$3.76/SF
NOI
$23.0K $4.60/SF
Area
Ascension County, LA
Vacancy
19.90%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,940
Cap Rate 7%
$328,529
Cap Rate 9%
$255,522

Alternative Uses

Best Use
Apartment 5plus
$328.5K
$287.5K – $383.3K (±1% cap)
NOI $22,997 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M (±1% cap)
NOI $76,800 @ 7.0% cap · market cap 21.33%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Auto Repair Shop HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

44
Businesses Nearby

Demographics for 70737, LA

47,332
Population
20,720
Households
2.3
Avg Household Size
36
Median Age
26%
College-Educated
86%
High-School Grad
54.0 sq mi
ZIP Area
877
Density / Sq Mi
$80,758
Median Household Income
$51,444
Median Earnings
$1,533
Median Rent
$252,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Mobile home & RV park - Three-property rental package includes mobile homes and a small attached apartment.
Where is this mobile home & rv park located?
The property is located at 13238 Depen St Gonzales, LA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 3 properties containing 4 rental units; 3 mobile homes included; One mobile home has a small attached apartment
More about this property
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