Louisiana Affordable Housing
For Sale
$2,575,000
Address Not Disclosed, Thibodaux, LA
Portfolio of 89 units in Thibodaux, Hammond, and Bogalusa, Louisiana.
Property Size111,353 SF
Price / SF$23.12
Days on Market251
Property Features for Address Not Disclosed
General Information
Standard status
Active
Size
111,353 SF
Property subtype
Multifamily
Listing Agency:
(256) 653-0065
Listed By:
Andrew Agee
(256) 653-0065
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 10
Last Checked: May 8 at 11:45PM
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 Andrew Agee
Investment Insights
Based on property information with market context.
This portfolio comprises 89 units across three properties located in Thibodaux, Hammond, and Bogalusa, Louisiana. Specifically, there are 32 units in Thibodaux, 25 in Hammond, and 32 in Bogalusa. Built between 2006 and 2008, these properties present an opportunity to enter the affordable housing market in Louisiana or expand an existing portfolio. The properties are offered at a price significantly below replacement cost. The portfolio consists of single-family and duplex-style homes. The current average effective rents are conservative compared to similar properties, suggesting potential for increased revenue under effective management. There is potential to increase revenue by nearly 10% overall within one year. The properties have community amenities including a computer center, on-site maintenance, and playgrounds. The occupancy rate is 92.4%. The rent type is affordable. The total property size is 111,353 square feet. Thibodaux is the parish seat for Lafourche Parish, located just over an hour from downtown New Orleans and home to Nicholls State University. Bogalusa is located beside the Louisiana-Mississippi state line along the Pearl River. Hammond is the parish seat for Tangipahoa Parish and is considered the commercial hub for the parish. The intended hold period is 5 years.
Key Highlights
- Significant potential to increase revenue by raising rents.
- Opportunity to acquire 89 units across three properties.
- Purchase price is significantly less than replacement cost.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of 89 units in Thibodaux, Hammond, and Bogalusa, Louisiana.
Where is this apartment building located?
The property is located at Address Not Disclosed Thibodaux, LA.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: Significant potential to increase revenue by raising rents.; Opportunity to acquire 89 units across three properties.; Purchase price is significantly less than replacement cost.
