Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Multifamily Property Near Coushatta Casino Title is generated by Realmo AI

    305 E Railroad Street E A/B, Kinder, LA 70648

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $275,000

    Fully leased 5-unit property near Hwy 165 and Coushatta Casino.

    Type:Multifamily
    Added:
    Dec 3, 2025
    Days on Market:
    170
    Last Refresh:
    Apr 5 at 8:30 pm

    Property Features for 305 E Railroad Street E A/B

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Robbie Ingle

    Listing agent Robbie Ingle License #912122392

    Listing office Coldwell Banker Ingle Safari Realty

    Listing date Dec 3, 2025

    Source Cbcworldwide

    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 Coldwell Banker Ingle Safari Realty

    HighLights

    • High 10% cap rate: offers a strong return on investment.
    • Fully leased: provides immediate and reliable income stream.
    • Turn‑key investment: ready for immediate ownership and operation.
    • Sought‑after location: located in Kinder, near Hwy 165 and Coushatta Casino.
    • Well‑maintained complex: means lower maintenance costs and fewer immediate repairs.
    • Mix of unit sizes: consists of two one‑bedroom and three two‑bedroom units, appealing to a broader tenant base.

    Overview

    This fully leased 5-unit multifamily property is located in Kinder, Louisiana, just off Hwy 165 and near the Coushatta Casino. The property, situated on 0.24 acres, consists of two buildings. The unit mix includes two one-bedroom units and three two-bedroom units. The complex is well-maintained and has a history of high occupancy and low expenses. This property is intended for use as a residential income property and offers a potential investment opportunity for consistent cash flow and long-term value growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kinder
    County
    Allen
    State
    Louisiana
    Longitude
    -92.8846
    Latitude
    30.4476

    Nearby Similar for Sale

    • $459,900
      3,000 SF

      Equipped Restaurant Space Near Casino

      Versatile restaurant space near Coushatta Casino Resort.
      1315 1st Ave, Kinder, LA 70648
      View Details
    • $415,000

      Turnkey Restaurant Opportunity Near Casino

      Fully operational restaurant and sports bar near Coushatta Casino.
      14578 Highway 165, Kinder, LA 70648
      View Details
    • $3,200,000

      61-Unit Apartment Complex Investment

      Kinder, LA: 61 units, strong income, proven cash flow.
      703 Mallard St, Kinder, LA 70648
      View Details
    • $150,000
      2,590 SF

      Remodeled Commercial Building For Sale

      Remodeled commercial building suitable for office, retail, or medical use.
      417 N 8th Street, Kinder, LA 70648
      View Details
    • $480,000
      12 SF

      Mobile Home Park with Expansion

      Income-producing mobile home park on 12+ acres near Kinder.
      15375 Hwy 190 Highway, Kinder, LA 70648
      View Details
    • $3,200,000
      8 SF

      61-Unit Apartment Complex Investment

      61-unit apartment complex near Coushatta Casino with strong income.
      703 Mallard St Street, Kinder, LA 70648
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully leased 5-unit property near Hwy 165 and Coushatta Casino.
    Where is this apartment building located?
    The property is located at 305 E Railroad Street E A/B Kinder, LA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: High 10% cap rate: offers a strong return on investment.; Fully leased: provides immediate and reliable income stream.; Turn‑key investment: ready for immediate ownership and operation.
    (337) 304-0481
    We can help!
    Listing Contact
    Robbie Ingle
    Real Estate License ID: 912122392
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    305 E Railroad Street E A/B, Kinder, LA 70648
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!