Updated Single-Family
For Sale
$375,000
2227 George Drive, Opelousas, LA 70570
MULTI_FAMILY - Opelousas, LA
Property Size3,829 SF
Lot Size0.16 Acres
Price / SF$97.94
Days on Market49
Property Features for 2227 George Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Carport
Security features
Security System
Interior features
Walk-In Closet(s), Walk-In Closet(s)
Appliances
Dishwasher, Washer
Subdivision
Park Vista
Elementary school
Park Vista
Middle school
Call School Board
High school
Opelousas
Elementary school district
St Landry Parish
Middle school district
St Landry Parish
High school district
St Landry Parish
Directions
Take I-49 to Creswell lane. Turn left on George drive, drive about a quarter mile and home will be on the left
Standard status
Active
APN
0101102276a
Size
3,829 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
1 LOT 373 (52x137.9) & South 39.5' OF LOT 372 (39.5x135) PARK VISTA SUB DIV N REM LOT 372 S WEINSTEIN E LOT 374 W GEORGE DRIVE FRONTING 119' ON GEORGE DR
Legal Description
1 LOT 373 (52x137.9) & South 39.5' OF LOT 372 (39.5x135) PARK VISTA SUB DIV N REM LOT 372 S WEINSTEIN E LOT 374 W GEORGE DRIVE FRONTING 119' ON GEORGE DR
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
2
Number of units
1
Building materials
Brick
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Shaguandra M Butler · License #995711682
(337) 331-0216
Added: Jun 21
Changed: Jul 10
Last Checked: Aug 8 at 5:06PM
MLS# 2600005598
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 2227 George Drive in Opelousas, this updated residence offers approximately 3,829 square feet of living space on a 0.16-acre lot. The home features generously sized living areas and stylish updates throughout.
The primary suite includes a spa-like bath with a soaking tub and a separate walk-in shower. Additional highlights include a newly added private theater room, along with a game room and bar area for entertaining.
This is a well-appointed single-family home with multiple dedicated spaces designed for everyday comfort and gatherings under one roof.
The primary suite includes a spa-like bath with a soaking tub and a separate walk-in shower. Additional highlights include a newly added private theater room, along with a game room and bar area for entertaining.
This is a well-appointed single-family home with multiple dedicated spaces designed for everyday comfort and gatherings under one roof.
Key Highlights
- 3,800‑square‑foot home with brick construction and central heating and central air
- Primary suite includes a spa‑like bath with a soaking tub and a separate walk‑in shower
- Newly added private theater room for movies, game days, or entertaining
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
$20,299
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
5.41%
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%
$405,980
$406.0K
Cap Rate 7%
$289,986
$290.0K
Cap Rate 9%
$225,544
$225.5K
Market Conditions
NOI Build-Up for 3,829 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
$39.1K $10.20/SF
− Vacancy
−$2.1K −$0.56/SF
EGI
$36.9K $9.64/SF
− OpEx
−$16.6K −$4.34/SF
NOI
$20.3K $5.30/SF
Area
St. Landry County, LA
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
45.00%
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%
$405,980
Cap Rate 7%
$289,986
Cap Rate 9%
$225,544
Alternative Uses
Best Use
Apartment 5plus
$290.0K
$253.7K – $338.3K
NOI $20,299 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.6K
$505.4K – $673.9K
NOI $40,434 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
549
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Updated home with a private theater room, plus a game room and bar area.
Where is this single family property located?
The property is located at 2227 George Drive Opelousas, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,800‑square‑foot home with brick construction and central heating and central air; Primary suite includes a spa‑like bath with a soaking tub and a separate walk‑in shower; Newly added private theater room for movies, game days, or entertaining
