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Duplex Building with Historic Brickwork
For Sale
$109,000

489 W RAILROAD Avenue, Independence, LA 70443

Multifamily, Independence, LA

Property Size2,270 SF
Price / SF$48.02
Days on Market230

Property Features for 489 W RAILROAD Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Rooms Bedroom 2, Bedroom 1
Parking features Off Street
Subdivision Not a Subdivision
Directions From I-12, Exit Independence to right, make right on W Railroad (Hwy 51), building on right
Standard status Active
APN 0INDY00000805
Size 2,270 SF

Taxes and HOA fees

Tax Description LOTS 30 & 34 SQ 24 INDEPENDENCE
Legal Description LOTS 30 & 34 SQ 24 INDEPENDENCE

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Water source Public

Building Details

Year built 1915
Number of units 2
Building materials Brick
Architectural style Other
Buildings 1
Listing Agency: Keller Williams Realty Serv.
Listed By: Bart A Gillis · License #000069580
Added: Mar 9 Changed: Oct 23 Last Checked: Oct 24 at 2:06AM
MLS# 2546546

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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Investment Insights

Based on property information with market context.

This 2,270-square-foot brick duplex property dates to 1915 and has been gutted, with renovation work including replacement windows, new electrical panels, a new water supply line, and a roof coating with a 10-year term. Spray foam insulation has been added beneath the roof decking, and the upper floor has a redesigned apartment plan. The property is arranged across two city lots, with approximately 1,135 square feet of living area on each floor.

Public water and sewer serve the building, and natural gas is available. Off-street parking is provided.

Key Highlights

  • 2,270 square feet across two floors, with approximately 1,135 square feet of living area per floor
  • Brick construction; built in 1915
  • Two city lots

Property Analytics

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Current Use

Hy Kwality Hair Salon

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility Locksmith Furniture & Home Goods Bakery Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

182
Businesses Nearby

Demographics for 70443, LA

10,229
Population
3,321
Households
3.1
Avg Household Size
38
Median Age
18%
College-Educated
74%
High-School Grad
76.2 sq mi
ZIP Area
134
Density / Sq Mi
$59,333
Median Household Income
$36,242
Median Earnings
$953
Median Rent
$145,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Renovated building offers redesigned upstairs apartment plans and room for a two-unit residential layout.
Where is this duplex located?
The property is located at 489 W RAILROAD Avenue Independence, LA.
What is the asking price?
The asking price for this property is $109,000.
What are key features of this property?
This property features: 2,270 square feet across two floors, with approximately 1,135 square feet of living area per floor; Brick construction; built in 1915; Two city lots
More about this property
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