Opelousas Fourplex: Investor
151 Kenneth Boagni Sr Drive Opelousas, LA 70570
151 Kenneth Boagni Sr Drive, Opelousas, LA, 70570
$260,000
For Sale
$260,000
MULTI_FAMILY - Opelousas, LA
Property Size3,216 SF
Price / SF$80.85
Days on Market96
Property Features for 151 Kenneth Boagni Sr Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 8, Bedroom 4, Bathroom 4
- Parking
- 4
- Parking features
- Parking Lot
- Interior features
- Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
- Appliances
- Dishwasher, Refrigerator, Electric Range
- Standard status
- Active
- APN
- 0104950500
- Size
- 3,216 SF
Taxes and HOA fees
- Tax Description
- 1 LOT 6-L-2 (100X150) BLK L LINWOOD SUB DIV EAST COMPLEX 2 N LOT 6-L-3 S LOT 5-L E KENNETH BOAGNI SR...
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Carpet
- Building materials
- Brick, Vinyl Siding, Wood Siding
- Roof type
- Composition
Listing Agency
Real Broker, LLC
(337) 418-9700
516 Creswell Lane, Opelousas, LA
Listed by
Lana Soileau · License #995684974
(337) 945-1324
Added: Apr 17 Updated: Jul 7 at 5:35 am Checked: Jul 21 at 3:06 am
MLS# 2600003307
Listing URL
Copyright © 2026 Realtor Association of Acadiana. 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 fourplex in Opelousas, Louisiana, presents an investor opportunity with immediate rental income. The property features four well-maintained units, each containing 2 bedrooms and 1.5 baths. All units are currently occupied. The roof was replaced 2 years ago. Tenants are currently on month-to-month leases, offering flexibility for potential rent adjustments or owner-occupancy options. The property size is 3216 square feet.
Key Highlights
- Fully occupied 4‑plex with four units, each with 2 bedrooms and 1.5 baths
- Tenants are on month‑to‑month leases
- Roof replaced 2 years ago
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 | $27.8k | $8.64 |
| − Vacancy | −$1.4k | −$0.43 |
| EGI | $26.4k | $8.21 |
| − OpEx | −$7.9k | −$2.46 |
| NOI | $18.5k | $5.75 |
3,216 SF · lease $8.64/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,478 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$243.6K
$213.1K – $284.2K
NOI $17,049 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$485.2K
$424.5K – $566.0K
NOI $33,961 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fully occupied fourplex in Opelousas with immediate rental income.
Where is this quadplex located?
The property is located at 151 Kenneth Boagni Sr Drive Opelousas, LA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Fully occupied 4‑plex with four units, each with 2 bedrooms and 1.5 baths; Tenants are on month‑to‑month leases; Roof replaced 2 years ago
