Multifamily Property with Rental
For Sale
$140,000
6608 Second Street, Alexandria, LA 71303
Multifamily, Alexandria, LA
Property Size1,200 SF
Lot Size0.75 Acres
Price / SF$116.67
Days on Market507
Property Features for 6608 Second Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Mixed
Parking
6
Parking features
Carport
Exterior features
Lighting
Appliances
Electric Range, Refrigerator, Electric Range, Refrigerator
Lot features
Level
Elementary school
Call School Board
Middle school
Call School Board
High school
Call School Board
Elementary school district
Rapides Parish
Middle school district
Rapides Parish
High school district
Rapides Parish
Directions
Hwy 1 toward Boyce, Turn Left onto Airport Rd Take right onto Second Street, property on the right
Standard status
Active
APN
29-034-07150-0053 01
Size
1,200 SF
Lot size
0.75 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Description
---LOTS 8 & 9 OF SUBD. OF LOTS 10 & 11, OAK ISLE PLANTATION SUBD. (CB 1545-397 MC GHEE)(CB 1413-497 DON: MC GHEE)(CB 1545-398 ACT OF IMMOBILIZATION)(CB 1861-791 LACHNEY / ASSESSED:GALLOWAY)(CB 1888-903 2010 PARISH ADJUDICATION)(CB 1891-893 REDEMPTI
Legal Description
---LOTS 8 & 9 OF SUBD. OF LOTS 10 & 11, OAK ISLE PLANTATION SUBD. (CB 1545-397 MC GHEE)(CB 1413-497 DON: MC GHEE)(CB 1545-398 ACT OF IMMOBILIZATION)(CB 1861-791 LACHNEY / ASSESSED:GALLOWAY)(CB 1888-903 2010 PARISH ADJUDICATION)(CB 1891-893 REDEMPTI
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Central
Cooling system
Window Unit(s), Ceiling Fan(s)
Building Details
Number of units
4
Flooring type
Vinyl, Carpet, Plank
Building materials
Aluminum Siding, Metal Siding, Vinyl Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Robert Burke · License #0099568021
(318) 787-8653
Added: Jun 10, 2025
Changed: Oct 26
Last Checked: Oct 29 at 8:06AM
MLS# 2500006684
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes two manufactured homes and two additional rental lots. One home is estimated to date from 2022, and the combined property size is 1,200 square feet on 0.75 acres. Zoning is Mixed.
The homes are fully occupied by long-term tenants. Each unit has a separate utility meter, with city sewer and utilities on site.
The homes are fully occupied by long-term tenants. Each unit has a separate utility meter, with city sewer and utilities on site.
Key Highlights
- Two manufactured homes and two additional rental lots
- 0.75 acres; property size listed as 1,200 square feet
- One manufactured home is estimated to date from 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,927
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,540
$178.5K
Cap Rate 7%
$127,529
$127.5K
Cap Rate 9%
$99,189
$99.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$17.9K $14.88/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$16.2K $13.53/SF
− OpEx
−$7.3K −$6.09/SF
NOI
$8.9K $7.44/SF
Area
Rapides County, LA
Vacancy
9.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,540
Cap Rate 7%
$127,529
Cap Rate 9%
$99,189
Alternative Uses
Best Use
Apartment 5plus
$127.5K
$111.6K – $148.8K
NOI $8,927 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.8K
$289.4K – $385.9K
NOI $23,155 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 71303, LA
22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
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?
Multifamily property - Two manufactured homes and two additional rental lots are occupied by long-term tenants.
Where is this multifamily property located?
The property is located at 6608 Second Street Alexandria, LA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two manufactured homes and two additional rental lots; 0.75 acres; property size listed as 1,200 square feet; One manufactured home is estimated to date from 2022
