Two-Unit
For Sale
$185,000
569 W 5TH Street, Independence, LA 70443
Multifamily, Independence, LA
Property Size2,450 SF
Lot Size0.18 Acres
Price / SF$75.51
Days on Market347
Property Features for 569 W 5TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 1
Parking
3
Parking features
Off Street, Driveway
Subdivision
Not a Subdivision
Directions
From the center of town, head south on Hwy. 51, turn W on W 5th St., property on right across from Police Station
Standard status
Active
APN
00882607
Size
2,450 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
LOT 38 SQ 24
Legal Description
LOT 38 SQ 24
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Multi Units
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
2018
Number of units
2
Building materials
Block, 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: Nov 12, 2025
Changed: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 2530430
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.
Built in 2018, this duplex contains two residences totaling 2,450 square feet. Each unit has three bedrooms, one full bathroom, a living room, a kitchen, and washer and dryer hookups. The building has block and brick construction, central heating and air conditioning, and driveway and off-street parking. Public water and sewer serve the property, which occupies a 0.1836-acre lot.
At 569 W 5th Street in Independence, the property sits across the street from the Independence Police Station and is near Interstate 55.
At 569 W 5th Street in Independence, the property sits across the street from the Independence Police Station and is near Interstate 55.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- 2,450 square feet on a 0.1836‑acre lot
- Built in 2018 with block and brick construction
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a separate kitchen, living room, and washer and dryer hookups.
Where is this duplex located?
The property is located at 569 W 5TH Street 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: Two units, each with 3 bedrooms and 1 full bathroom; 2,450 square feet on a 0.1836‑acre lot; Built in 2018 with block and brick construction
