Triplex with Updated
New
For Sale
$250,000
619 Main St, Pineville, LA 71360
Two residences have recent updates, while the other unit is occupied by a long-term tenant.
Property Size2,544 SF
Price / SF$98.27
Days on Market5
Property Features for 619 Main St
General Information
Standard status
Active
Size
2,544 SF
Property subtype
Residential Income
Additional Details
Road Access
Yes
Multifamily Units
3
Building Details
Buildings
1
Listing Agency:
RITCHIE REAL ESTATE
(318) 449-8919
Listed By:
JENNIFER BYRD · License #995703237
(318) 446-5366
Source:
Exprealty
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 2:34PM
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 RITCHIE REAL ESTATE
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Investment Insights
Based on property information with market context.
This three-unit residential property in Pineville contains 2,544 square feet and has porches. Two of the units have been updated. One unit is occupied by a long-term tenant, and the remaining two are vacant and available for showings. The occupied unit can be viewed by appointment.
Key Highlights
- Triplex with 2,544 square feet
- Two units have recent updates
- One unit occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,280
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,600
$425.6K
Cap Rate 7%
$304,000
$304.0K
Cap Rate 9%
$236,444
$236.4K
Market Conditions
NOI Build-Up for 2,544 SF
Gross rent
$33.3K $13.08/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$30.4K $11.95/SF
− OpEx
−$9.1K −$3.58/SF
NOI
$21.3K $8.36/SF
Area
Rapides County, LA
Vacancy
8.64%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,600
Cap Rate 7%
$304,000
Cap Rate 9%
$236,444
Alternative Uses
Best Use
Multifamily LT 5
$304.0K
$266.0K – $354.7K
NOI $21,280 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$270.4K
$236.6K – $315.4K
NOI $18,925 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$701.3K
$613.6K – $818.2K
NOI $49,089 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 71360, LA
36,026
Population
15,970
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
90%
High-School Grad
193.1 sq mi
ZIP Area
187
Density / Sq Mi
$59,592
Median Household Income
$41,561
Median Earnings
$924
Median Rent
$196,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two residences have recent updates, while the other unit is occupied by a long-term tenant.
Where is this triplex located?
The property is located at 619 Main St Pineville, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Triplex with 2,544 square feet; Two units have recent updates; One unit occupied by a long‑term tenant
