Contemporary Multifamily
For Sale
$525,000
344 GR BARDWELL Road, Chopin, LA 71447
Multi-Family, Contemporary, Chopin, LA
Property Size2,978 SF
Lot Size60.25 Acres
Price / SF$176.29
Days on Market412
Property Features for 344 GR BARDWELL Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Exterior features
Balcony, Porch, Porch Screened In
Lot features
20+ Acres
Standard status
Active
APN
0100002300
Size
2,978 SF
Lot size
60.25 Acres
Taxes and HOA fees
Tax Description
24.50 AC -- BEING TRACT 1 SHOWN ON A SURVEY RECORDED AT MAP SLIDE 785B, LOCATED IN SEC. 27-6-5., 35.75 AC - BEING TRACT 2 SHOWN ON A SURVEY RECORDED A
Legal Description
24.50 AC -- BEING TRACT 1 SHOWN ON A SURVEY RECORDED AT MAP SLIDE 785B, LOCATED IN SEC. 27-6-5., 35.75 AC - BEING TRACT 2 SHOWN ON A SURVEY RECORDED A
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
boat shed/workshop
chicken coop
deer stands
trails
creek
Building Details
Year built
2010
Floors in Building
2
Number of units
2
Roof type
Metal
Architectural style
Contemporary
Listing Agency:
CALL THE KELONES REALTY
(318) 442-9890
Listed By:
Torie Dauzat
(318) 619-0557
Added: Jul 18, 2025
Changed: Aug 26
Last Checked: Sep 2 at 7:06AM
MLS# 2512628
Copyright © 2026 Greater Central Louisiana REALTORS® Association. 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 property includes a 2,978-square-foot contemporary residence completed in 2010. The two-story home contains six bedrooms, 2.5 bathrooms, a walk-in pantry, screened porch, balcony, central heating and cooling, public water, and a metal roof. Interior space can accommodate multiple dining areas, a game room, or an office. A separate livable three-bedroom, two-bath double-wide mobile home provides additional residential space, while two other mobile homes are currently used as outbuildings.
The property encompasses 60.25 acres across four parcels in Chopin, Louisiana. Land improvements include a 60-by-40-foot boat shed/workshop, chicken coop, four deer stands, established trails, a flowing creek, and harvestable timber. The site is 3 miles from Roy O. Martin and 15 minutes from Red Dirt National Wildlife Management Preserve. The property is located at 344 GR Bardwell Road, Chopin, LA 71447.
The property encompasses 60.25 acres across four parcels in Chopin, Louisiana. Land improvements include a 60-by-40-foot boat shed/workshop, chicken coop, four deer stands, established trails, a flowing creek, and harvestable timber. The site is 3 miles from Roy O. Martin and 15 minutes from Red Dirt National Wildlife Management Preserve. The property is located at 344 GR Bardwell Road, Chopin, LA 71447.
Key Highlights
- 60.25 acres across four parcels in Chopin, LA
- 2,978‑square‑foot, two‑story contemporary residence built in 2010
- Main home includes 6 bedrooms and 2.5 bathrooms
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
$22,154
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
4.22%
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%
$443,080
$443.1K
Cap Rate 7%
$316,486
$316.5K
Cap Rate 9%
$246,156
$246.2K
Market Conditions
NOI Build-Up for 2,978 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
$44.3K $14.88/SF
− Vacancy
−$4.0K −$1.35/SF
EGI
$40.3K $13.53/SF
− OpEx
−$18.1K −$6.09/SF
NOI
$22.2K $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%
$443,080
Cap Rate 7%
$316,486
Cap Rate 9%
$246,156
Alternative Uses
Best Use
Apartment 5plus
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$820.9K
$718.3K – $957.7K
NOI $57,463 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 71447, LA
1,296
Population
654
Households
2
Avg Household Size
48
Median Age
15%
College-Educated
80%
High-School Grad
139.0 sq mi
ZIP Area
9
Density / Sq Mi
$45,865
Median Household Income
$42,917
Median Earnings
$638
Median Rent
$87,500
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?
Multifamily property - Two-story residential property with additional dwelling space, recreational acreage, and multiple supporting structures.
Where is this multifamily property located?
The property is located at 344 GR BARDWELL Road Chopin, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 60.25 acres across four parcels in Chopin, LA; 2,978‑square‑foot, two‑story contemporary residence built in 2010; Main home includes 6 bedrooms and 2.5 bathrooms
