Independence Duplex: Investment
For Sale
$185,000
569 W 5th St, Independence, LA 70443
Duplex in Independence, LA, ideal for investors or multi-family.
Property Size2,450 SF
Price / SF$75.51
Days on Market195
Property Features for 569 W 5th St
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Multi-Family
Building Details
Year Built
2018
Listing Agency:
Elite Real Estate Advisors
Listed By:
Sergio Mesa · License #912124506
(985) 542-7601
Source:
Fiorellaavenue
Added: Mar 27
Changed: Sep 10
Last Checked: Oct 5 at 10:41PM
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.
Located in Independence, Louisiana, the duplex property at 569 W 5th Street presents an investment opportunity or multi-family residence. Each of the two units features 3 bedrooms, 1 full bath, a living room, a kitchen, and washer/dryer hookups. The property is located near Independence’s historic downtown district, providing access to shops, restaurants, and services, with retail centers and grocery stores a short drive away. Situated directly across the street from the Independence Police Station, the property offers an added sense of security. Proximity to Interstate 55 and other main thoroughfares facilitates travel to Hammond, Amite, and Baton Rouge. Local schools, parks, and community facilities are nearby. The property contains 2,450 square feet.
Key Highlights
- Duplex property with two spacious units, each featuring 3 bedrooms and 1 full bath.
- Conveniently located near Independence's historic downtown, shops, restaurants, and essential services.
- Direct proximity to the Independence Police Station provides enhanced security.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,021
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,420
$320.4K
Cap Rate 7%
$228,871
$228.9K
Cap Rate 9%
$178,011
$178.0K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$32.0K $13.08/SF
− Vacancy
−$2.9K −$1.19/SF
EGI
$29.1K $11.89/SF
− OpEx
−$13.1K −$5.35/SF
NOI
$16.0K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,420
Cap Rate 7%
$228,871
Cap Rate 9%
$178,011
Alternative Uses
Best Use
Multifamily LT 5
$263.2K
$230.3K – $307.1K
NOI $18,426 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$228.9K
$200.3K – $267.0K
NOI $16,021 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$675.4K
$591.0K – $788.0K
NOI $47,277 @ 7.0% cap · market cap 25.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Independence, LA, ideal for investors or multi-family.
Where is this duplex located?
The property is located at 569 W 5th St Independence, LA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Duplex property with two spacious units, each featuring 3 bedrooms and 1 full bath.; Conveniently located near Independence's historic downtown, shops, restaurants, and essential services.; Direct proximity to the Independence Police Station provides enhanced security.
