Five-Unit Multifamily
For Sale
$500,000
48087 48091 GALAFORA Road, Tickfaw, LA 70466
Multifamily, Tickfaw, LA
Property Size5,286 SF
Lot Size1.00 Acre
Price / SF$94.59
Days on Market181
Property Features for 48087 48091 GALAFORA Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 8, Bedroom 6, Bedroom 11, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 9, Bedroom 10, Bedroom 2, Bathroom 6
Parking
3
Parking features
Covered
Subdivision
Not a Subdivision
Directions
From University Ave, head N on Patti/Greco, pass HWY 1064 on left
Standard status
Active
Size
5,286 SF
Lot size
1.00 Acre
Additional Details
Tenant in Place
Yes
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
Legal Description
0.67 Ac + 0.33 Ac - A Pont of A 1.00 A Tract in Sec 10 T6S R7E
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
2000
Number of units
5
Building materials
Brick
Architectural style
Other
Listing Agency:
Elite Real Estate Advisors · Century 21 Real Estate
(985) 542-7601
Listed By:
Sergio A Mesa · License #912124506
(504) 390-5229
Added: Apr 27
Changed: Oct 23
Last Checked: Oct 24 at 5:06AM
MLS# 2555167
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Tickfaw multifamily property combines a 4-bedroom, 2-bathroom residence with 2,373 square feet of living space and a separate 288-square-foot, 1-bedroom efficiency. A triplex behind the home adds three more units, each with 2 bedrooms and 1 bathroom. The 5,286-square-foot property sits on 1 acre and includes a two-car garage, single-car carport, circular driveway, and washer and dryer hookups in the garage. The buildings were constructed in 2000 and have brick construction, central heating, and central air. Water is supplied publicly, and the property uses a septic tank for sewer service.
The addresses are 48087 and 48091 Galafora Road in Tickfaw. The property is described as minutes from Southeastern Louisiana University, with access to Interstate 55, Highway 1064, and Highway 51. Two parking spaces are assigned to each triplex unit. The landlord handles lawn care, while tenants pay utilities.
The addresses are 48087 and 48091 Galafora Road in Tickfaw. The property is described as minutes from Southeastern Louisiana University, with access to Interstate 55, Highway 1064, and Highway 51. Two parking spaces are assigned to each triplex unit. The landlord handles lawn care, while tenants pay utilities.
Key Highlights
- One‑acre property with a 4‑bedroom home, efficiency apartment, and three‑unit building
- Main residence offers 2,373 square feet, 4 bedrooms, and 2 bathrooms
- Separate 288‑square‑foot efficiency has 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,755
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,100
$795.1K
Cap Rate 7%
$567,929
$567.9K
Cap Rate 9%
$441,722
$441.7K
Market Conditions
NOI Build-Up for 5,286 SF
Gross rent
$62.2K $11.76/SF
− Vacancy
−$5.4K −$1.02/SF
EGI
$56.8K $10.74/SF
− OpEx
−$17.0K −$3.22/SF
NOI
$39.8K $7.52/SF
Area
Tangipahoa County, LA
Vacancy
8.64%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,100
Cap Rate 7%
$567,929
Cap Rate 9%
$441,722
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 authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 70466, LA
8,856
Population
3,879
Households
2.3
Avg Household Size
36
Median Age
10%
College-Educated
65%
High-School Grad
34.3 sq mi
ZIP Area
258
Density / Sq Mi
$63,691
Median Household Income
$34,613
Median Earnings
$820
Median Rent
$174,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A mix of a four-bedroom home, efficiency apartment, and triplex creates several distinct residential layouts.
Where is this multifamily property 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: One‑acre property with a 4‑bedroom home, efficiency apartment, and three‑unit building; Main residence offers 2,373 square feet, 4 bedrooms, and 2 bathrooms; Separate 288‑square‑foot efficiency has 1 bedroom
