22-Home Multifamily
New
For Sale
$6,825,000
24 STEEP DRIVE, Rayville, LA 71269
RESIDENTIAL INCOME, Rayville, LA
Property Size27,405 SF
Price / SF$249.04
Days on Market4
Property Features for 24 STEEP DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Parish
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Wireless Internet
Exterior features
Hard Surface Drive, Gravel Drive, Paved Street, Gutters
Appliances
Dishwasher, Refrigerator, Electric Range/Oven, Microwave, Washer, Dryer
Directions
For Magnolia/Steep/Robinson Sites: Exit 132 at Start, and head South. Travel 1 mile from the I-20 on Hwy 133, turn Left on Steep Dr. For Acadian Site: Travel 1.3 miles from I-20 on Hwy 133; take a Right on Comeaux Road, then 1 mile to left on Acadian Dr.
Subdivision
701 Richland Parish
Standard status
Active
APN
See Associated Documents
Taxes and HOA fees
Tax Description
See Associated Documents
Legal Description
See Associated Documents
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Number of units
22
Roof type
Composition
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 31 at 2:06AM
MLS# 220724
Copyright © 2026 Northeast Louisiana Association of REALTORS. 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 multifamily portfolio comprises 22 site-built homes with approximately 27,405 total square feet. Each residence provides three bedrooms and two bathrooms, with construction dates ranging from 2024 to 2026. Interior amenities include dishwashers, refrigerators, electric ranges, microwaves, washers, dryers, ceiling fans, and wireless internet. Central air, electric heating, porches, gutters, and public water serve the homes.
The residences are grouped across three nearby locations in and around Rayville, near I-20 and LA-133. Paved streets, hard-surface and gravel drives, and tenant-paid utilities support the existing operating setup. Seller-provided operating information reflects full occupancy and a 7.45% asking cap rate based on current financials, subject to buyer verification.
The residences are grouped across three nearby locations in and around Rayville, near I-20 and LA-133. Paved streets, hard-surface and gravel drives, and tenant-paid utilities support the existing operating setup. Seller-provided operating information reflects full occupancy and a 7.45% asking cap rate based on current financials, subject to buyer verification.
Key Highlights
- 22 occupied homes across the portfolio
- Approximately 27,405 total square feet
- Three‑bedroom, two‑bath site‑built homes
Property Analytics
Current Use
Lease Details
22
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 71269, LA
12,343
Population
5,046
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
79%
High-School Grad
325.3 sq mi
ZIP Area
38
Density / Sq Mi
$51,334
Median Household Income
$41,453
Median Earnings
$774
Median Rent
$136,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Newer site-built residences offer three-bedroom, two-bath layouts with tenant-paid utilities across a concentrated footprint.
Where is this single family property located?
The property is located at 24 STEEP DRIVE Rayville, LA.
What is the asking price?
The asking price for this property is $6,825,000.
What are key features of this property?
This property features: 22 occupied homes across the portfolio; Approximately 27,405 total square feet; Three‑bedroom, two‑bath site‑built homes
