$279,000

321 S Academy St Opelousas, LA 70570

Estimated payment $1,825/month

Total Views 9,008
8 Beds
4 Baths
5,000 Sq Ft
$56 Price per Sq Ft

Highlights

  • 11 Car Attached Garage
  • Tile Flooring
  • Multiple Heating Units
  • Window Unit Cooling System
  • Property is Fully Fenced

About This Home

Presenting a fantastic investment opportunity in a prime location! This 5-unit apartment complex is conveniently situated near I-49, within walking distance to stores and restaurants, making it an appealing choice for tenants seeking convenience and accessibility.Currently, the units are being rented below market value, presenting a golden opportunity for increased monthly yields. With a bit of strategic management, you can maximize profits and enhance the overall value of this property. This potential for growth is a significant advantage for savvy investors.The complex is located on a corner lot, providing not only visibility but also ample space for expansion. There's room to add additional units, further increasing your investment potential. Imagine the possibilities of developing more rental spaces to cater to the growing demand in the area!This apartment complex is not just a property; it's a stepping stone to greater financial growth. With its strategic location, under-market rentals, and expansion possibilities, this investment opportunity is one you won't want to miss!

Listing Agent

Toni Effingger

RE/MAX Excellence License #0995680712 Listed on: 05/19/2025

RE/MAX Excellence

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 130.5 x 148.1
  • Property is Fully Fenced
  • Chain Link Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 5,000 Sq Ft Home
  • Tile Flooring
  • Electric Cooktop

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 11 Car Attached Garage
  • Parking Lot

Schools

  • Opelousas Middle School
  • Opelousas High School

Utilities

  • Window Unit Cooling System
  • Central Air
  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for electricity, water
  • The owner pays for sewer, trash collection, water
  • Tax Lot 2

Community Details

Overview

  • 5 Units

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • Insurance Expense $6,244
  • Maintenance Expense $1,937
  • New Taxes Expense $1,451
  • Operating Expense $10,500
  • Gross Income $2,050
  • Net Operating Income $21,750

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.44
  • Lot Size: 130.5 x 148.1
  • Subdivision Name: None
  • Directions: I49 North exit Opelousas, go west on hwy 190 to Academy turn left. At the light on Academy and Vine the apartments will be straight ahead on the right of Academy facing Vine.
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Unit 1(Flat), Unit 2(Flat)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Range, Refrigerator, Electric Cooktop
  • Owner Pays: Sewer, Trash Collection, Water
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Flooring: Tile
  • Interior Amenities: Unit 2(Master Bedroom)

Exterior Features

  • Fencing: Chain Link, Full
  • Construction Type: Frame, Brick Veneer
  • Foundation Details: Slab
  • Property Condition: 51 - 75 Years
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Parking Lot
  • Total Parking Spaces: 11

Utilities

  • Cooling: Window Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Other, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: Call School Board
  • Junior High Dist: St Landry Parish
  • High School: Opelousas
  • Middle Or Junior School: Opelousas

Lot Info

  • Lot Size Sq Ft: 19166.4

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 2050
  • Insurance Expense: 6244
  • Maintenance Expense: 1937
  • Property Net Operating Income: 21750
  • Number Of Units Leased: 3
  • Number Of Units Vacant: 1
  • Annual Operating Expense: 10500
  • Total Actual Rent: 2025
  • Income And Expenses Vacancy Allowance: 1200

Tax Info

  • New Taxes Expense: 1451
  • Tax Lot: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $279,000 0.0% $56 / Sq Ft
06/05/2025 06/05/25 Pending -- -- --
05/21/2025 05/21/25 For Sale $279,000 0.0% $56 / Sq Ft
05/20/2025 05/20/25 Pending -- -- --
05/19/2025 05/19/25 For Sale $279,000 0.0% $56 / Sq Ft
12/31/2019 12/31/19 Rented $500 0.0% --
12/01/2019 12/01/19 Under Contract -- -- --
12/03/2018 12/03/18 For Rent $500 0.0% --
04/16/2018 04/16/18 Sold -- -- --
02/09/2018 02/09/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $194,000 -- $39 / Sq Ft
Source: REALTOR® Association of Acadiana

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Source: REALTOR® Association of Acadiana

MLS Number: 2020023979

REALTOR® Association of Acadiana

Louisiana St Landry Parish Opelousas 70570

321 S Academy St, Opelousas, LA

This home is located at 321 S Academy St, Opelousas, LA 70570 and is currently priced at $279,000, approximately $55 per square foot. 321 S Academy St is a home located in St. Landry Parish with nearby schools including Park Vista Elementary School, Creswell Middle School, and Opelousas Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Acadiana The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.

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Toni Effingger
Listing Agent
Toni Effingger
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RE/MAX Excellence
(337) 252-2591