Single-Family Home with New
For Sale
$63,000
407 MAIN Street, Baldwin, LA 70514
Residential, Farm, Baldwin, LA
Property Size806 SF
Lot Size0.14 Acres
Price / SF$78.16
Days on Market375
Property Features for 407 MAIN Street
General Information
Property type
Residential
Property subtype
Farm
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Parking features
Driveway
Security features
Security
Patio and Porch features
Porch
Exterior features
Porch, Security Cameras
Fencing
Chain Link
Appliances
Dryer, Refrigerator, Range/Oven, Washer
Lot features
Corner
Standard status
Active
APN
2114841169
Size
806 SF
Lot size
0.14 Acres
Utilities
Heating system
Ductless (Heating), Other (Heating)
Cooling system
Ductless, Wall Unit(s)
Water source
Public
Building Details
Year built
1938
Floors in Building
1
Roof type
Metal
Architectural style
Other
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Monica Villarreal
(832) 385-0362
Added: Sep 10, 2025
Changed: Sep 17
Last Checked: Sep 19 at 2:06AM
MLS# 2522113
Copyright © 2026 New Orleans Metropolitan 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 single-family home at 407 MAIN Street in Baldwin, LA offers approximately 806 square feet of living space on a 0.14-acre lot. The home is described as ready for its new owner and includes new appliances, highlighted by an oversized stackable front-load washer/dryer and a tankless water heater.
The property provides easy access to a local boat ramp, with a short drive for gaming and dining. Buyer should verify all measurements and the flood zone classification.
The available information supports a straightforward, manageable residence with key recent appliance updates, making it a practical option for buyers seeking a property they can personalize while keeping essential systems in place.
The property provides easy access to a local boat ramp, with a short drive for gaming and dining. Buyer should verify all measurements and the flood zone classification.
The available information supports a straightforward, manageable residence with key recent appliance updates, making it a practical option for buyers seeking a property they can personalize while keeping essential systems in place.
Key Highlights
- Year built 1938 home with metal roof
- Public water source
- Kitchen appliances included: refrigerator, range/oven, washer and dryer
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
$4,214
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
6.69%
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%
$84,280
$84.3K
Cap Rate 7%
$60,200
$60.2K
Cap Rate 9%
$46,822
$46.8K
Market Conditions
NOI Build-Up for 806 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
$8.2K $10.20/SF
− Vacancy
−$559 −$0.69/SF
EGI
$7.7K $9.51/SF
− OpEx
−$3.4K −$4.28/SF
NOI
$4.2K $5.23/SF
Area
St. Mary County, LA
Vacancy
6.80%
Lease Rate
$10.20 /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%
$84,280
Cap Rate 7%
$60,200
Cap Rate 9%
$46,822
Alternative Uses
Best Use
Apartment 5plus
$60.2K
$52.7K – $70.2K
NOI $4,214 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$137.5K
$120.3K – $160.4K
NOI $9,626 @ 7.0% cap · market cap 15.28%
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
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 70514, LA
1,843
Population
1,023
Households
1.8
Avg Household Size
44
Median Age
6%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
401
Density / Sq Mi
$30,761
Median Household Income
$36,250
Median Earnings
$935
Median Rent
$127,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Single-family home ready for new ownership with new appliances, including a tankless water heater.
Where is this single family property located?
The property is located at 407 MAIN Street Baldwin, LA.
What is the asking price?
The asking price for this property is $63,000.
What are key features of this property?
This property features: Year built 1938 home with metal roof; Public water source; Kitchen appliances included: refrigerator, range/oven, washer and dryer
