Triplex with Two Additional
612-614 S Alexander, Gonzales, LA 70737
For Sale
$359,900
Owner-occupant layout with two separate one-bedroom residences.
Property Size2,991 SF
Price / SF$120.33
Days on Market51
Property Features for 612-614 S Alexander
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
central air conditioning
laundry room
fenced yard
Listing Agency:
Compass Elysian Fields
Listed By:
Micah Loewenthal · License LA B09937
(225) 205-8552
Source:
Larry.agent225
Added: Sep 21
Changed: Oct 25
Last Checked: Nov 8 at 7:59AM
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 Compass Elysian Fields
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Investment Insights
Based on property information with market context.
This triplex includes a primary three-bedroom, two-bath home with an office, open kitchen and breakfast area, spacious living room, central A/C, tile flooring, and a large laundry room. A 175-square-foot flex space adds useful interior capacity. The home also includes a two-car carport and a large fenced yard.
Two additional residences are each configured with one bedroom and one bathroom and measure 450 square feet. Both include a full refrigerator, range/oven, and washer/dryer. The property is located at 612-614 S Alexander in Gonzales, Louisiana.
Two additional residences are each configured with one bedroom and one bathroom and measure 450 square feet. Both include a full refrigerator, range/oven, and washer/dryer. The property is located at 612-614 S Alexander in Gonzales, Louisiana.
Key Highlights
- Triplex configuration with a 3‑bedroom, 2‑bath primary home and two additional residences
- Two additional units, each with 1 bedroom, 1 bathroom, and 450 square feet
- Primary home includes office, open kitchen and breakfast area, and large living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,893
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,860
$317.9K
Cap Rate 7%
$227,043
$227.0K
Cap Rate 9%
$176,589
$176.6K
Market Conditions
NOI Build-Up for 2,991 SF
Gross rent
$28.0K $9.36/SF
− Vacancy
−$5.3K −$1.77/SF
EGI
$22.7K $7.59/SF
− OpEx
−$6.8K −$2.28/SF
NOI
$15.9K $5.31/SF
Area
Ascension County, LA
Vacancy
18.90%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,860
Cap Rate 7%
$227,043
Cap Rate 9%
$176,589
Alternative Uses
Best Use
Multifamily LT 5
$227.0K
$198.7K – $264.9K
NOI $15,893 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$196.5K
$172.0K – $229.3K
NOI $13,757 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$656.3K
$574.3K – $765.7K
NOI $45,942 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 70737, LA
47,332
Population
20,720
Households
2.3
Avg Household Size
36
Median Age
26%
College-Educated
86%
High-School Grad
54.0 sq mi
ZIP Area
877
Density / Sq Mi
$80,758
Median Household Income
$51,444
Median Earnings
$1,533
Median Rent
$252,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Owner-occupant layout with two separate one-bedroom residences.
Where is this triplex located?
The property is located at 612-614 S Alexander Gonzales, LA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Triplex configuration with a 3‑bedroom, 2‑bath primary home and two additional residences; Two additional units, each with 1 bedroom, 1 bathroom, and 450 square feet; Primary home includes office, open kitchen and breakfast area, and large living room
