Multi-Property Investment Opportunity in
48087 48091 GALAFORA Road Tickfaw, LA 70466
For Sale
$500,000
MULTI_FAMILY - Tickfaw, LA
Property Size5,286 SF
Lot Size1.00 Acre
Price / SF$94.59
Days on Market92
Property Features for 48087 48091 GALAFORA Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Parking features
- Covered
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- Size
- 5,286 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- 0.67 Ac + 0.33 Ac - A Pont of A 1.00 A Tract in Sec 10 T6S R7E
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 5
- Roof type
- Metal
- Architectural style
- Other
Listing Agency:
Elite Real Estate Advisors
(985) 542-7601
Listed By:
Sergio Mesa · License #912124506
(985) 542-7601
Added: Apr 27
Changed: May 14
Last Checked: Jul 27 at 5:06AM
MLS# 2555167
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.
Located at 48087 & 48091 Galafora Road in Tickfaw, LA, this multi-property package presents an income-producing opportunity. The location provides convenient access to Southeastern Louisiana University, Interstate 55, Highway 1064, and Highway 51. The main residence, situated at 48087 Galafora Road, features 4 bedrooms, 2 bathrooms, and 2,373 square feet of living space. Additionally, a 288 square foot 1-bedroom efficiency apartment offers potential for additional rental income or guest accommodations. The property sits on an oversized lot and includes a two-car garage, a single-car carport, and a large circular driveway providing ample parking. Washer and dryer hookups are located in the garage. Behind the main residence at 48091 Galafora Road, a triplex building houses three separate units. Each unit contains 2 bedrooms and 1 bathroom, with two assigned parking spaces at the front door. The total property size is 5,286 square feet on a 1-acre lot. Landlord is responsible for lawn care, while tenants are responsible for utilities.
Key Highlights
- Income‑producing multi‑property package featuring a main residence and triplex.
- Convenient location near Southeastern Louisiana University, I‑55, Highway 1064, and Highway 51.
- Main residence features 4 bedrooms, 2 bathrooms, and a 1‑bedroom efficiency apartment.
Financial Insights For Apartment 5plus
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 | $69.1k | $13.08 |
| − Vacancy | −$6.3k | −$1.19 |
| EGI | $62.8k | $11.89 |
| − OpEx | −$28.3k | −$5.35 |
| NOI | $34.6k | $6.54 |
5,286 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$493.8K
$432.1K – $576.1K
NOI $34,567 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
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
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multi-family property near Southeastern Louisiana University with strong income potential.
Where is this apartment building located?
The property is located at 48087 48091 GALAFORA 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: Income‑producing multi‑property package featuring a main residence and triplex.; Convenient location near Southeastern Louisiana University, I‑55, Highway 1064, and Highway 51.; Main residence features **4 bedrooms, 2 bathrooms, and a 1‑bedroom efficiency apartment.**
