Four-Unit Quadplex with Recent
For Sale
$260,000
Pending
151 Kenneth Boagni Sr Drive, Opelousas, LA 70570
Residential Income, Opelousas, LA
Property Size3,216 SF
Days on Market142
Property Features for 151 Kenneth Boagni Sr Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 8, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 7, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 3
Parking
4
Parking features
Parking Lot
Interior features
Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
Appliances
Dishwasher, Refrigerator, Electric Range
Subdivision
Linwood East
Elementary school
Call School Board
Middle school
Call School Board
High school
Call School Board
Elementary school district
St Landry Parish
Middle school district
St Landry Parish
High school district
St Landry Parish
Directions
Coming from Lafayette head N on I 49 towards Opelousas. Take exit 15 for Harry Guilbeau Rd. Merge onto Harry Guilbeau Rd. Turn left onto I 49 frontage Rd. Turn right onto Dr Charlie Dr. Turn left onto Par Rd 1-328-2. Continue onto Kenneth Boagni Sr Dr, Destination will be on the left.
Standard status
Pending
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...
Legal 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
Listed By:
Lana Soileau · License #995684974
(337) 945-1324
Added: Apr 17
Changed: Sep 1
Last Checked: Sep 5 at 12:06PM
MLS# 2600003307
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.
Located at 151 Kenneth Boagni Sr Drive in Opelousas, this 3,216-square-foot quadplex contains four residential units. Each unit includes 2 bedrooms and 1.5 baths, with tile and carpet flooring, central heating, and central air. Kitchens are equipped for electric ranges, refrigerators, and dishwashers, while electric washer and dryer connections are also provided.
All four units are occupied and leased month to month. The composition roof was replaced 2 years ago, and the building combines brick, vinyl siding, and wood siding construction. Additional property features include public water service and a dedicated parking lot.
All four units are occupied and leased month to month. The composition roof was replaced 2 years ago, and the building combines brick, vinyl siding, and wood siding construction. Additional property features include public water service and a dedicated parking lot.
Key Highlights
- Four‑unit quadplex totaling 3,216 square feet
- Each unit includes 2 bedrooms and 1.5 baths
- All units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,478
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$369,560
$369.6K
Cap Rate 7%
$263,971
$264.0K
Cap Rate 9%
$205,311
$205.3K
Market Conditions
NOI Build-Up for 3,216 SF
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.
Gross rent
$27.8K $8.64/SF
− Vacancy
−$1.4K −$0.43/SF
EGI
$26.4K $8.21/SF
− OpEx
−$7.9K −$2.46/SF
NOI
$18.5K $5.75/SF
Area
St. Landry County, LA
Vacancy
5.00%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$369,560
Cap Rate 7%
$263,971
Cap Rate 9%
$205,311
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Occupied units offer central heating and cooling, public water service, and on-site parking.
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: Four‑unit quadplex totaling 3,216 square feet; Each unit includes 2 bedrooms and 1.5 baths; All units are currently occupied
