Four-Home Residential Income
For Sale
$280,000
213 W Vine Street, Opelousas, LA 70570
MULTI_FAMILY - Opelousas, LA
Property Size4,142 SF
Price / SF$67.60
Days on Market51
Property Features for 213 W Vine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
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
I-49 N towards Opelousas, take exit 19B onto 190 W to Opelousas, go 1.7 miles and take a left onto Liberty St, then left onto W Vine, home is on your right. All 4 homes are in close proximity.
Subdivision
L2
Standard status
Active
APN
0103406530
Size
4,142 SF
Taxes and HOA fees
Tax Description
1 LOT (90X169.7) OPELOUSAS ORIGINAL TOWN N VINE ST S LACOMBE E MARKET ST W MAMALAKIS FRONTING 90' ON MARKET ST 1217397
Legal Description
1 LOT (90X169.7) OPELOUSAS ORIGINAL TOWN N VINE ST S LACOMBE E MARKET ST W MAMALAKIS FRONTING 90' ON MARKET ST 1217397
Utilities
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Number of units
4
Building materials
Wood Siding
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Lindsey Reed · License #0912123604
(337) 303-3987
Added: Jun 15
Changed: Jul 25
Last Checked: Aug 4 at 6:06PM
MLS# 2600005380
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 offering is an investor package featuring four residential homes for sale. The publicly listed addresses are 213 W Vine Street, 217 W Vine Street, 304 S Market Street, and 308 S Market Street. Public remarks indicate that most of the tenants are currently in place.
The property is located in Opelousas, Louisiana, within St. Landry Parish. Please contact the listing agent for additional details on the individual homes included in the package.
The transaction is structured as a multi-home portfolio sale under the provided terms, with occupancy described as mostly tenant occupied in the public remarks.
The property is located in Opelousas, Louisiana, within St. Landry Parish. Please contact the listing agent for additional details on the individual homes included in the package.
The transaction is structured as a multi-home portfolio sale under the provided terms, with occupancy described as mostly tenant occupied in the public remarks.
Key Highlights
- Investor package with 4 homes for sale: 213 W Vine, 217 W Vine, 304 S Market, and 308 S Market
- Most tenants are currently occupied (per public remarks)
- Wood siding construction materials
Financial Insights For Apartment 5plus
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 | $42.2k | $10.20 |
| − Vacancy | −$2.3k | −$0.56 |
| EGI | $39.9k | $9.64 |
| − OpEx | −$18.0k | −$4.34 |
| NOI | $22.0k | $5.30 |
4,142 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$313.7K
$274.5K – $366.0K
NOI $21,959 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.9K
$546.8K – $729.0K
NOI $43,740 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
273
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?
Multifamily property - For sale investor package includes four homes at listed Opelousas addresses, with most units currently tenant occupied.
Where is this multifamily property located?
The property is located at 213 W Vine Street Opelousas, LA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Investor package with 4 homes for sale: 213 W Vine, 217 W Vine, 304 S Market, and 308 S Market; Most tenants are currently occupied (per public remarks); Wood siding construction materials
