Multi-Unit Residential Income
48087-48091 Galafaro Road Tickfaw, LA 70466
48087-48091 Galafaro Road, Tickfaw, LA, 70466
$500,000
For Sale
$500,000
Includes a main home with an efficiency unit plus a rear triplex, with on-site parking and tenant utilities.
Property Size5,286 SF
Price / SF$94.59
Days on Market97
Property Features for 48087-48091 Galafaro Road
General Information
- Standard status
- Active
- Size
- 5,286 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2000
Listing agency
Elite Real Estate Advisors
(504) 390-5229
Listed by
Sergio Mesa · License #912124506
(504) 390-5229
Source
Compass
Added: Apr 17 Updated: Jul 22 at 2:45PM Checked: Jul 22 at 2:45PM
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 Elite Real Estate Advisors
Investment Insights
Based on property information with market context.
This multi-property residential package includes 48087 Galafaro Road and 48091 Galafaro Road. The main residence features 4 bedrooms and 2 bathrooms, along with a 1-bedroom efficiency apartment of 288 square feet. The property also has a two-car garage and a single-car carport, with washer and dryer hookups located in the garage. An oversized lot and a large circular driveway provide parking convenience, and landlord is responsible for lawn care while tenants handle utilities.
48091 Galafaro Road consists of a triplex positioned behind the residence. The building includes three separate units, each with 2 bedrooms and 1 bathroom, and each unit has two assigned parking spaces at the front door.
For additional context, the property is located in Tickfaw, LA, just minutes from Southeastern Louisiana University, with convenient access to Interstate 55, Highway 1064, and Highway 51.
48091 Galafaro Road consists of a triplex positioned behind the residence. The building includes three separate units, each with 2 bedrooms and 1 bathroom, and each unit has two assigned parking spaces at the front door.
For additional context, the property is located in Tickfaw, LA, just minutes from Southeastern Louisiana University, with convenient access to Interstate 55, Highway 1064, and Highway 51.
Key Highlights
- Two‑property rental package at 48087 & 48091 Galafora Rd in Tickfaw, LA, minutes from Southeastern Louisiana University and I‑55 access
- Main home (48087 Galafora Rd): 4BR/2BA with 2,373 SF plus a 288 SF 1BR efficiency apartment for added income or guest use
- Rear triplex (48091 Galafora Rd): 3 separate units, each with 2BR/1BA and two assigned parking spaces at the front door
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.2k | $11.76 |
| − Vacancy | −$5.4k | −$1.02 |
| EGI | $56.8k | $10.74 |
| − OpEx | −$17.0k | −$3.22 |
| NOI | $39.8k | $7.52 |
5,286 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$567.9K
$496.9K – $662.6K
NOI $39,755 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$493.8K
$432.1K – $576.1K
NOI $34,567 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,002 @ 7.0% cap · market cap 20.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Includes a main home with an efficiency unit plus a rear triplex, with on-site parking and tenant utilities.
Where is this triplex located?
The property is located at 48087-48091 Galafaro Road Tickfaw, 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: Two‑property rental package at 48087 & 48091 Galafora Rd in Tickfaw, LA, minutes from Southeastern Louisiana University and I‑55 access; Main home (48087 Galafora Rd): 4BR/2BA with 2,373 SF plus a 288 SF 1BR efficiency apartment for added income or guest use; Rear triplex (48091 Galafora Rd): 3 separate units, each with 2BR/1BA and two assigned parking spaces at the front door
