$275,000

305 E Railroad St Unit A/B Kinder, LA 70648

Estimated payment $1,733/month

Total Views 13,000
-- Bed
-- Bath
3,570 Sq Ft
$77 Price per Sq Ft

Highlights

  • Open Floorplan
  • Bathtub
  • Central Heating and Cooling System
  • Traditional Architecture
  • Energy-Efficient Appliances
  • 2-minute walk to Lambert Park Kinder

About This Home

Investor Alert! This fully leased 5-unit multifamily property delivers reliable income in a sought-after Kinder location just off Hwy 165, near the Coushatta Casino. Comprised of two one-bedroom and three two-bedroom units across two separate buildings, this well-maintained complex boasts high occupancy and low expenses. Offering a solid 10% cap rate, it’s an excellent opportunity for investors seeking consistent cash flow and long-term value growth. Don’t miss this rare chance to add a turnkey investment to your portfolio in a thriving market. All units are occupied so need minimum 24 hour notice for all showings.

Listing Agent

Robbie Ingle

Coldwell Banker Ingle Safari R License #912122392 Listed on: 08/04/2025

Coldwell Banker Ingle Safari R

Property Details

Home Type

  • Multi-Family

Year Built

  • 1988

Lot Details

  • 10,324 Sq Ft Lot
  • 1 Common Wall
  • Irregular Lot
  • Front Yard

Parking

  • 12 Open Parking Spaces

Home Design

  • Traditional Architecture
  • Property Attached
  • Brick Exterior Construction
  • Shingle Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • Bathtub
  • Open Floorplan
  • Ceiling Fan
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Range
  • Laminate Countertops

Additional Features

  • Energy-Efficient Appliances
  • City Lot
  • Central Heating and Cooling System

Community Details

  • 5 Separate Electric Meters
  • 5 Separate Water Meters
  • Insurance Expense $4,000
  • New Taxes Expense $4,106
  • Operating Expense $8,100
  • Gross Income $36,600
  • Net Operating Income $28,500

Property Details

Home Type

Multi-Family

Year Built

1988

Lot Details

10,324 Sq Ft Lot

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Lot Features: City Lot, Front Yard, Irregular Lot
  • LotSizeAcres: 0.237
  • Lot Size: 67 x 172 m/l
  • Is Senior Community?: No
  • Has View?: No
  • CapRate: 10.0
  • Co List Office Phone: 337-478-1601
  • Special Conditions: Standard
  • Directions: Take Hwy 165 turn left on 8th street and then on Railroad
  • Architectural Style: Traditional
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Property Attached Yn: Yes
  • PropertySubTypeAdditional: Apartment
  • DaysOnMarketReplicationIncreasingYN: Yes
  • CurrentPrice: 275000.0
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1988

Interior Features

  • Number Of Buildings: 2
  • Private Spa: No
  • Appliances: Electric Range, Refrigerator
  • Fireplace Features: None
  • Interior Amenities: Bathtub, Ceiling Fan(s), Laminate Counters, Open Floorplan

Exterior Features

  • Has Private Pool?: No
  • Common Walls: 1 Common Wall
  • Construction Type: Brick, Concrete, Synthetic Stucco
  • Roof: Shingle

Garage/Parking

  • Has Attached Garage?: No
  • Open Parking Spaces: 12.0
  • Has Open Parking?: No

Utilities

  • Laundry Features: Washer Hookup, Electric Dryer Hookup, Inside
  • Green Building Features: Appliances
  • Cooling: Central Air
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Connected
  • Water Source: Public

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 0.24
  • Additional Parcels: No
  • Zoning Description: Other

Rental Info

  • Rent Control: No

Multi Family

  • Annual Gross Income: 36600.0
  • Insurance Expense: 4000.0
  • Property Net Operating Income: 28500.0
  • Annual Operating Expense: 8100.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 5

Tax Info

  • New Taxes Expense: 4106.0

Map

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Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2025 08/04/25 For Sale $275,000 -- $77 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL25100352

Louisiana Allen Parish Kinder 70648

305 E Railroad St Unit A/B, Kinder, LA

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Robbie Ingle
Listing Agent
Robbie Ingle
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Coldwell Banker Ingle Safari R
(337) 415-6588
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