520 N 1st Street N, Oberlin, LA 70655
Allen County
Key Facts
Description
Don't miss this excellent income-producing investment opportunity! This well-maintained brick 4-plex offers four 1-bedroom, 1-bathroom units, each thoughtfully designed with comfortable living spaces, functional kitchens, and spacious bedrooms that appeal to long-term tenants. Currently generating $2,400 per month in rental income and fully tenant-occupied, this property provides immediate cash flow from day one. The durable brick exterior offers timeless curb appeal and low-maintenance ownership, while the property's strong rental history demonstrates consistent demand and reliable returns. Conveniently located near local amenities, shopping, dining, and everyday conveniences, this multi-family property is well-positioned for continued occupancy and long-term appreciation. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this 4-plex presents an outstanding opportunity to own a proven asset with steady revenue potential. Property is cross-listed. Age of property is estimated. All measurements are more or less.
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Year Built
1970
Stories
1
Living Area
2,500 sq ft
Lot Size
0.56 acres
Lot Dimensions
116x270x124x265
MLS® Listing#
SWL26002734
Property Features
Lot Features
Sewer
Water Source
Financial Details
Parcel Number
0110031500B
Directions
North on Hwy 165, left on 6th Avenue, right on 1st, property at the end of 1st before the curve
Affordability Calculator
$34,500
Estimated monthly payment
$918/mo
Principal $138,000 · Est. interest $192,522 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Oberlin, LA
- 580
- Median Days on Market
- 1,216
- Median Sq Ft
- $48
- Median Price / Sq Ft
- 16
- Active Listings
- Its price per sq ft is 44% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Oberlin, LA.
Location
- 520 N 1st Street N, Oberlin, LA 70655
Points of Interest in Oberlin, LA
Showing the Oberlin area map.
Nearby Schools
Oberlin Elementary School
Elementary · 0.6 mi away
Oberlin High School
Secondary · 0.6 mi away
Elton Elementary School
Elementary · 10.5 mi away
Allen Parish Schools
Elementary · 10.5 mi away
Kinder Middle School
Secondary · 10.5 mi away
Elton High School
Secondary · 11.3 mi away
Kinder High School
Secondary · 11.3 mi away
Central Louisiana Technical Community College
School · 13.4 mi away
W. W. Stewart Elementary School
Elementary · 14.1 mi away
Basile High School
Secondary · 14.2 mi away
Kids R US Christian Center
School · 14.3 mi away
Oakdale Middle School
Secondary · 14.7 mi away
Oakdale High School
Secondary · 14.8 mi away
Fairview High School
Secondary · 15.9 mi away
Oakdale Elementary School
Elementary · 15.9 mi away
Liberty Baptist Academy
School · 16.2 mi away
Elizabeth High School
Secondary · 16.6 mi away
East Beauregard High School
Secondary · 17.1 mi away
Reeves High School
Secondary · 17.9 mi away
Hathaway High School
Secondary · 20.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| TBD US 165, Oberlin, LA | $142,000 | — | — | — |
| 919 W Seventh Avenue W, Oberlin, LA | $155,000 | — | — | 2,996 |
| 508 E 7th Ave E, Oberlin, LA | $170,000 | 3 | 2 | 1,800 |
| 468 Robert Sonnier Lane, Oberlin, LA | $195,000 | 4 | 3 | 3,000 |
Moving Cost Estimate
EXIT Agents in Oberlin
Listing Courtesy: EXIT Bayou Realty - 3379059000