Four-Property Multifamily
For Sale
$500,000
37343 & 37355 La Hwy 621, Prairieville, LA 70769
Commercial Sale, Prairieville, LA
Property Size5,000 SF
Lot Size1.25 Acres
Price / SF$100
Days on Market105
Property Features for 37343 & 37355 La Hwy 621
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Rural Tract (no Subd)
Standard status
Active
Size
5,000 SF
Lot size
1.25 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Roof type
Composition
Listing Agency:
Realty Executives South Louisiana Group · Realty Executives International
(225) 677-7772
Listed By:
Erin King · License #0995695277
(225) 681-0161
Added: Jun 25
Changed: Sep 7
Last Checked: Oct 7 at 12:06PM
MLS# 2026011665
Copyright © 2026 Greater Baton Rouge 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 package comprises four single-wide residences with a combined property size of 5,000 square feet on 1.25 acres. The homes are located at four separate addresses, including three along LA Hwy 621 and one on Slalom Way.
Each property is served by public water and public sewer. Heating is provided by heat pumps, cooling is supplied through window units, and the roofs are composition shingle. The package is situated in Prairieville, Ascension Parish, Louisiana.
Each property is served by public water and public sewer. Heating is provided by heat pumps, cooling is supplied through window units, and the roofs are composition shingle. The package is situated in Prairieville, Ascension Parish, Louisiana.
Key Highlights
- Four‑property package of single‑wide residences
- Combined property size of 5,000 square feet
- 1.25 acres total lot area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,997
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,940
$459.9K
Cap Rate 7%
$328,529
$328.5K
Cap Rate 9%
$255,522
$255.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$52.2K $10.44/SF
− Vacancy
−$10.4K −$2.08/SF
EGI
$41.8K $8.36/SF
− OpEx
−$18.8K −$3.76/SF
NOI
$23.0K $4.60/SF
Area
Ascension County, LA
Vacancy
19.90%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,940
Cap Rate 7%
$328,529
Cap Rate 9%
$255,522
Alternative Uses
Best Use
Apartment 5plus
$328.5K
$287.5K – $383.3K
NOI $22,997 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M
NOI $76,800 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 70769, LA
46,671
Population
17,557
Households
2.7
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
47.9 sq mi
ZIP Area
974
Density / Sq Mi
$114,707
Median Household Income
$59,552
Median Earnings
$1,245
Median Rent
$295,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Portfolio includes four single-wide residences with public water and sewer service.
Where is this single family property located?
The property is located at 37343 & 37355 La Hwy 621 Prairieville, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four‑property package of single‑wide residences; Combined property size of 5,000 square feet; 1.25 acres total lot area
