$194,000
SOLD APR 16, 2018
Last list price

321 S Academy St Opelousas, LA 70570

8 Beds
4 Baths
5,000 Sq Ft
0.44 Acres

Recently Sold

$39 Per Sq Ft

10 Days on Market

Highlights

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

About This Home

As of April 2018

Great Multi-Family Investment Opportunity! This income producing commercial corner is located right on the corner of S Academy & 190 in the historic district of Opelousas near Lowe's Home Improvement. One structure is a 5-Plex which is 100% occupied. The second building is a vacant 7400 Sq.Ft structure which was once used as a lounge/restaurant. The tenants are all long term of 8+ years. Schedule your appointment today!

Last Agent to Sell the Property

Octavian Cross

Frontline Real Estate Group License #0995690772 Listed on: 01/29/2018

Last Buyer's Agent

Toni Effingger

Van Eaton & Romero - Opelousas

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

Parking

  • 11 Car Attached Garage

Home Design

  • 5,000 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Creswell Elementary School
  • Opelousas Middle School
  • Opelousas High School

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 5 Units
  • Stout's Apartments Condos
  • Original Town Of Opelousas Subdivision

Building Details

  • Insurance Expense $1,601
  • Maintenance Expense $480
  • New Taxes Expense $1,401
  • Operating Expense $3,842
  • Gross Income $22,200
  • Net Operating Income $18,358

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.44
  • Lot Size: 130.5 x 148.1
  • CapRate: 0.141216
  • Subdivision Name: Original Town of Opelousas
  • Directions: I-49 to Opelousas. Exit US 190 W (Hwy 190) Go 1 mile and turn left onto S Academy St. Destination is on the right.
  • Building Name: Stout's Apartments
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Owner Pays: Sewer, Trash Collection, Water
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Flooring: Tile, Carpet
  • Interior Amenities: Unit 1(Master Bedroom), Unit 2(Master Bedroom), Unit 3(Master Bedroom), Unit 4(Master Bedroom)
  • ResoLivingAreaSource: Owner

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Creswell
  • High School: Opelousas
  • Middle Or Junior School: Opelousas

Lot Info

  • Lot Size Sq Ft: 19166.4
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 22200
  • Insurance Expense: 1600.8
  • Maintenance Expense: 480
  • Property Net Operating Income: 18358.2
  • Annual Operating Expense: 3841.8

Tax Info

  • New Taxes Expense: 1401
  • Tax Lot: 000

Range of Values:

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Sold Price
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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

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Toni Effingger

    Seller's Agent in 2025

    Toni Effingger

    RE/MAX Excellence

    (337) 793-5738

    219 Total Sales

    Toni Effingger
    Section Image

  • O

    Seller's Agent in 2018

    Octavian Cross

    Frontline Real Estate Group

    (337) 366-0540

    41 Total Sales

    Octavian Cross
    Section Image
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Map

Source: REALTOR® Association of Acadiana

MLS Number: 18000791

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 $194,000, approximately $38 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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