Three-Unit Income
300 Southwest Central Avenue Amite, LA 70422
300 Southwest Central Avenue, Amite, LA, 70422
$238,000
Pending
For Sale
$238,000
Pending
Three-unit tri-plex within Amite city limits, featuring one 3BR/2BA and two 1BR/1BA units.
Property Size1,400 SF
Days on Market225
Property Features for 300 Southwest Central Avenue
General Information
- Standard status
- Pending
- Size
- 1,400 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1973
Listing agency
NextHome Real Estate Professionals
(985) 517-4397
Listed by
Tissie Gorman · License #000038483
(985) 517-4397
Source
Compass
Added: Dec 8, 2025 Updated: Jul 21 at 6:08AM Checked: Jul 21 at 6:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Real Estate Professionals
Investment Insights
Based on property information with market context.
This income property is a three-unit tri-plex within the city limits of Amite. Unit #1 is a 3BR/2BA main residence, while Unit #2 and Unit #3 are each 1BR/1BA units. The property is currently set up for multiple households under one structure configuration.
The main residence and both additional units are located at 300 Southwest Central Avenue in Amite, Louisiana. The public remarks note a possibility to add two more units within the existing structures, subject to feasibility.
Overall, the property offers a straightforward rental layout with distinct unit mix and an identified opportunity to potentially increase unit count without relocating into a new building.
The main residence and both additional units are located at 300 Southwest Central Avenue in Amite, Louisiana. The public remarks note a possibility to add two more units within the existing structures, subject to feasibility.
Overall, the property offers a straightforward rental layout with distinct unit mix and an identified opportunity to potentially increase unit count without relocating into a new building.
Key Highlights
- Three‑unit tri‑plex within the city limits of Amite
- Main residence includes Unit #1 with 3 BR/2 BA and Units #2 and #3 with 1 BR/1 BA
- Potential to add 2 more units within the existing structures
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 | $16.5k | $11.76 |
| − Vacancy | −$1.4k | −$1.02 |
| EGI | $15.0k | $10.74 |
| − OpEx | −$4.5k | −$3.22 |
| NOI | $10.5k | $7.52 |
1,400 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$150.4K
$131.6K – $175.5K
NOI $10,529 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$130.8K
$114.4K – $152.6K
NOI $9,155 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$385.9K
$337.7K – $450.3K
NOI $27,015 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit tri-plex within Amite city limits, featuring one 3BR/2BA and two 1BR/1BA units.
Where is this triplex located?
The property is located at 300 Southwest Central Avenue Amite, LA.
What is the asking price?
The asking price for this property is $238,000.
What are key features of this property?
This property features: Three‑unit tri‑plex within the city limits of Amite; Main residence includes Unit #1 with 3 BR/2 BA and Units #2 and #3 with 1 BR/1 BA; Potential to add 2 more units within the existing structures
