Resort-Style Condo with Waterfront
For Sale
$167,500
38035 Post Office Rd ##18B, Prairieville, LA 70769
Three-bedroom condo with waterfront porch, community pool, and convenient location.
Property Size1,395 SF
Days on Market449
Property Features for 38035 Post Office Rd ##18B
General Information
Standard status
Active
Size
1,395 SF
Property subtype
Condominium
Taxes and HOA fees
Annual Taxes
$4,560
Amenities
Cable Ready
Ceiling Fan(s)
Central
Central Air
Elec Stove Con
Dishwasher
Disposal
Microwave
Range/Oven
Cable Connected
Building Details
Building Size
1,395 SF
Year Built
2006
Stories
1
Listing Agency:
Keller Williams Realty First Choice
Listed By:
Ashley Parrott · License #0995702638
(225) 933-6869
Source:
Kw
Added: Jul 16, 2025
Changed: Sep 24
Last Checked: Oct 7 at 10:00AM
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 Keller Williams Realty First Choice
Investment Insights
Based on property information with market context.
This three-bedroom, two-bath condo offers a resort-style living experience. The interior features an abundance of windows and French doors, providing natural light to the living area and kitchen. The open-concept kitchen and den are suited for entertaining. A large waterfront front porch offers a space to relax. The master suite includes an ensuite bathroom with decorative tile floors, double vanity, garden tub, and separate shower. All bedrooms feature walk-in closets. The property includes a grassy area and exterior storage space. Residents have access to a community pool. The condo is located near I-10, restaurants, and shopping.
Key Highlights
- Resort‑style living with community pool.
- Waterfront front porch with water fountain view.
- Open concept kitchen and den, ideal for entertaining.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,416
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,320
$128.3K
Cap Rate 7%
$91,657
$91.7K
Cap Rate 9%
$71,289
$71.3K
Market Conditions
NOI Build-Up for 1,395 SF
Gross rent
$14.6K $10.44/SF
− Vacancy
−$2.9K −$2.08/SF
EGI
$11.7K $8.36/SF
− OpEx
−$5.2K −$3.76/SF
NOI
$6.4K $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%
$128,320
Cap Rate 7%
$91,657
Cap Rate 9%
$71,289
Alternative Uses
Best Use
Apartment 5plus
$91.7K
$80.2K – $106.9K
NOI $6,416 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.1K
$267.8K – $357.1K
NOI $21,427 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
381
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-bedroom condo with waterfront porch, community pool, and convenient location.
Where is this apartment building located?
The property is located at 38035 Post Office Rd ##18B Prairieville, LA.
What is the asking price?
The asking price for this property is $167,500.
What are key features of this property?
This property features: Resort‑style living with community pool.; Waterfront front porch with water fountain view.; Open concept kitchen and den, ideal for entertaining.
