Historic Short-Term Rental
For Sale
$560,000
315 Browns Bend Road, Alexandria, LA 71303
Two Airbnb-ready dwellings on two acres, with surveyed lots and ample parking for guest stays.
Property Size3,100 SF
Lot Size2.00 Acres
Price / SF$180.65
Days on Market345
Property Features for 315 Browns Bend Road
General Information
Standard status
Active
Size
3,100 SF
Lot size
2.00 Acres
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
Central Air
Central
2
4
5
Asphalt
Pillar/Post/Pier, Slab: Traditional
Wood Siding
Building Details
Year Built
1895
Year Renovated
2024
Listing Agency:
LATTER AND BLUM Central Realty LLC
Listed By:
Buck Holt · License #995704186
(318) 715-4795
Source:
Compass
Added: Sep 28, 2025
Changed: Aug 8
Last Checked: Jul 22 at 2:51PM
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 LATTER AND BLUM Central Realty LLC
Investment Insights
Based on property information with market context.
This property includes the historic Hardtner House (circa 1895) and the Lone Pine Cottage. The Hardtner House has been restored and offers two living rooms, a study, a dining room, a full kitchen, a king-sized bedroom, two bathrooms, and a sunroom on the first floor. The second floor provides an open area with two queen beds, two bean bags, a bathroom, a coffee bar, a baby bed, and a gym/sunroom equipped with two cots. The Lone Pine Cottage, described as fully renovated in 2024, features a living room with a Murphy bed, a small kitchen with a refrigerator-freezer, sink, microwave, countertop oven, and basic kitchen essentials, along with a dining table, a queen bedroom, and a bathroom.
The entire Hardtner House is available for rent through Airbnb, and it is also listed as Side A and Side B, allowing either full-house or individual-side rentals. The property is offered in a quiet, private, park-like setting on two acres, with ample parking and two mostly shaded acres for walking and jogging. The two acres comprise two separate one-acre lots that have been surveyed and divided into two distinct parcels.
The Hardtner House can accommodate six guests, while the Lone Pine Cottage can accommodate two to three.
The entire Hardtner House is available for rent through Airbnb, and it is also listed as Side A and Side B, allowing either full-house or individual-side rentals. The property is offered in a quiet, private, park-like setting on two acres, with ample parking and two mostly shaded acres for walking and jogging. The two acres comprise two separate one-acre lots that have been surveyed and divided into two distinct parcels.
The Hardtner House can accommodate six guests, while the Lone Pine Cottage can accommodate two to three.
Key Highlights
- Historic Hardtner House built circa 1895 with 2,500 SF, two living rooms, study, dining room, full kitchen, and sunroom
- Lone Pine Cottage (600 SF) with Murphy bed, small kitchen (refrigerator‑freezer, sink, microwave, countertop oven), queen bedroom, and bathroom
- Two separate park‑like 1‑acre lots totaling 2 acres; lots are surveyed and divided into two parcels
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
$23,062
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
4.12%
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%
$461,240
$461.2K
Cap Rate 7%
$329,457
$329.5K
Cap Rate 9%
$256,244
$256.2K
Market Conditions
NOI Build-Up for 3,100 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
$46.1K $14.88/SF
− Vacancy
−$4.2K −$1.35/SF
EGI
$41.9K $13.53/SF
− OpEx
−$18.9K −$6.09/SF
NOI
$23.1K $7.44/SF
Area
Rapides County, LA
Vacancy
9.10%
Lease Rate
$14.88 /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%
$461,240
Cap Rate 7%
$329,457
Cap Rate 9%
$256,244
Alternative Uses
Best Use
Apartment 5plus
$329.5K
$288.3K – $384.4K
NOI $23,062 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$854.5K
$747.7K – $997.0K
NOI $59,818 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 71303, LA
22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
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?
Short term rental property - Two Airbnb-ready dwellings on two acres, with surveyed lots and ample parking for guest stays.
Where is this short term rental property located?
The property is located at 315 Browns Bend Road Alexandria, LA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Historic Hardtner House built circa 1895 with 2,500 SF, two living rooms, study, dining room, full kitchen, and sunroom; Lone Pine Cottage (600 SF) with Murphy bed, small kitchen (refrigerator‑freezer, sink, microwave, countertop oven), queen bedroom, and bathroom; Two separate park‑like 1‑acre lots totaling 2 acres; lots are surveyed and divided into two parcels
