$875,000
$225K PRICE DROP

617 W Mississippi Ave Ruston, LA 71270

Estimated payment $5,183/month

Total Views 65,726
10 Beds
10 Baths
4,180 Sq Ft
$209 Price per Sq Ft

Highlights

  • Covered patio or porch
  • Brick Veneer
  • Ceiling Fan
  • Glen View Elementary School Rated A
  • Central Heating and Cooling System

About This Home

Rare opportunity for Investors! This property consists of 6 units and is steps from campus. Front house is divided into 2 units and each side has 3 bedrooms, 3 baths. Unit 1 has an attached garage. The back townhouses in back each have 2 bedrooms, 1 1/2 baths. There is plenty of parking for all 6 units. This property will not last long.

Listing Agent

Dawn Allen

The Rental Association LLC License #995696834 Listed on: 02/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,206

Year Built

  • 2002

Parking

  • Gravel Driveway

Home Design

  • Brick Veneer
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Schools

  • Ruston L Elementary And Middle School
  • Ruston L High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Additional Features

  • Covered patio or porch
  • 0.49 Acre Lot

Community Details

  • Gross Income $90,000

Listing and Financial Details

  • Assessor Parcel Number 231832454A5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,206

Year Built

2002

Lot Details

0

Listing Details

  • Class: RESIDENTIAL INCOME
  • Type: MULTI-UNIT PROPERTIES
  • Electric Companies: City of Ruston
  • Gas Companies: Centerpoint
  • Estimated Number of Acres: 0.49
  • Parish: LINCOLN
  • Price Per Sq Ft: 1785714.29
  • Water Companies: City of Ruston
  • Year Built: 2002
  • Directions: Take Ruston/Tech exit, go south toward Tech Campus, Left on Alabama, R on Everett, L on W Mississippi go down and property on the Right.
  • Elementary School: RUSTON L
  • Geo Longitude: -92.645603
  • High School: RUSTON L
  • Middle School: RUSTON L
  • Mls Number: 213333
  • Subdivision: OTHER
  • System ID: 213333
  • Property Tax City: 4327
  • Vacant Percent: 100
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Refrigerator, Gas Range/Oven, Range Hood, Washer/Dryer Connect
  • Interior Amenities: Ceiling Fan(s), Smoke Detector
  • Laundry: Private

Exterior Features

  • Exterior: Frame, Brick Veneer, Vinyl Siding
  • Exterior Amenities: Hard Surface Drive, Gravel Drive, Paved Street
  • Foundation: Slab
  • Porch Patio: Porch Covered
  • Roof: Asphalt Shingle

Utilities

  • Cooling: Central Air
  • Gas: Natural Gas, Separate Meters
  • Heating: Natural Gas, Central
  • Sewer: Public
  • Water: Public
  • Water Heater: Natural Gas
  • Electricity: Separate Meters

Schools

  • Elementary School: RUSTON L
  • Middle School: RUSTON L
  • High School: RUSTON L

Lot Info

  • Geo Subdivision: LA
  • Lot Size: 0.49
  • Parcel Number: 231832454A5
  • Price Per Acre: 1785714.29

Multi Family

  • Number Of Units: 6

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,206 $49,272 $463 $48,809
2023 $5,285 $59,468 $4,502 $54,966
2022 $5,311 $59,468 $4,502 $54,966
2021 $4,917 $59,468 $4,502 $54,966
2020 $4,344 $52,273 $4,502 $47,771
2019 $4,412 $54,339 $4,502 $49,837
2018 $3,034 $38,411 $4,502 $33,909
2017 $3,271 $41,295 $4,502 $36,793
2016 $3,258 $0 $0 $0
2015 $3,479 $40,510 $3,602 $36,908
2013 $3,605 $41,328 $3,602 $37,726
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Price Changed $875,000 -20.5% $209 / Sq Ft
02/07/2025 02/07/25 For Sale $1,100,000 +158.8% $263 / Sq Ft
03/26/2015 03/26/15 Sold -- -- --
02/26/2015 02/26/15 Pending -- -- --
02/11/2015 02/11/15 For Sale $425,000 -- --
Source: Northeast REALTORS® of Louisiana

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed $379,834 None Available
Deed $425,000 None Available
Deed $385,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $340,000 New Conventional
Previous Owner $329,171 Stand Alone Refi Refinance Of Original Loan
Previous Owner $329,000 Credit Line Revolving
Source: Public Records

About the Listing Agent

The Rental Association LLC

(318) 508-7891

Section Image

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  • 1603 Mimosa Cir, Ruston, LA 71270

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Source: Northeast REALTORS® of Louisiana

MLS Number: 213333

Northeast REALTORS® of Louisiana

APN: 3326