Opelousas, LA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Opelousas, Louisiana Market population: 17K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Opelousas LA Properties: 0.7130%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Opelousas LA
Common questions from investors exploring commercial real estate in Opelousas LA.
What's the overall investment potential of Opelousas, LA, considering its demographics and economy?
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The city's 40.4% poverty rate and $20,165 median household income suggest a challenging market, but the 87.0% health insurance coverage and 19.1-minute average commute time indicate a level of employment stability and infrastructure that could support rental demand, particularly in industries like Finance & Insurance and Public Administration.
How does the ethnic diversity and industry mix in Opelousas impact real estate investment?
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The city's diverse population, with 64.7% Black, 16.2% White, and 15.8% White Non-Hispanic, combined with top industries like Transportation & Warehousing and Utilities, suggests a strong demand for housing and potential for rental yields, especially considering the relatively low median property value of $75,100 and median property taxes of $2,879.
What are the implications of Opelousas' poverty rate and health insurance coverage for tenant quality and rental stability?
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The 40.4% poverty rate is a concern, but the 87.0% health insurance coverage suggests that many residents have access to employment benefits, which could contribute to a more stable rental market, and with a median age of 32.6, there may be opportunities to attract younger, working-class tenants.
How do commute times and transportation methods in Opelousas affect the quality of life and attractiveness to investors?
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The 19.1-minute average commute time and top commute methods of driving alone, carpooling, and working from home indicate a relatively convenient and flexible transportation situation, which, combined with the city's ethnic diversity and industry mix, could make Opelousas an attractive option for investors looking for a balanced quality of life and potential for rental income.
What role do income inequality and homeownership rates play in assessing the real estate investment potential of Opelousas?
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The GINI coefficient of 0.523 indicates a significant level of income inequality, which, paired with a 50.1% homeownership rate, suggests that there may be a sizable rental market, particularly among lower-income households, and with the right investment strategy, investors could capitalize on this demand while also considering the potential for property appreciation over time.
Opelousas LA Real Estate & City Facts
Key facts and real estate information about Opelousas LA.
What are some of the best neighborhoods to live in Opelousas?
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Some of the best neighborhoods to live in Opelousas include the south parts of the city, such as Ledoux and Plaisance, which offer a mix of old and new homes, and are close to downtown and local amenities. However, it's worth noting that some areas of Opelousas have higher crime rates and poverty levels, so it's essential to research and visit different neighborhoods before making a decision.
What are some fun things to do in Opelousas?
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Opelousas has a rich cultural scene, with plenty of things to see and do. Visitors can explore the historic downtown area, visit the Louisiana Orphan Train Museum, or try their luck at the Evangeline Downs Racetrack & Casino. The city also hosts various festivals and events throughout the year, showcasing its Creole and Cajun heritage.
What is the food scene like in Opelousas?
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The food scene in Opelousas is a reflection of the city's Creole and Cajun roots, with plenty of restaurants serving up delicious gumbo, jambalaya, and other local specialties. Some popular spots include the Crawfish House and Grill, Kelly's Diner, and Chicory's At The Palace. There are also plenty of great food trucks and casual eateries serving up tasty po' boys, boudin, and other Louisiana favorites.
What are the pros and cons of living in Opelousas?
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Opelousas has a lot to offer, including a rich cultural heritage, a strong sense of community, and a relatively low cost of living. However, the city also faces challenges such as high crime rates and poverty levels, which can make some areas less desirable. Additionally, job opportunities may be limited in certain industries, and the city's infrastructure and amenities may not be as developed as in larger cities. Ultimately, whether Opelousas is a good fit for you will depend on your individual priorities and preferences.
Is Opelousas a good place to live?
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Opelousas can be a great place to live for those who value a strong sense of community, a rich cultural heritage, and a relatively low cost of living. While the city faces challenges, it also has a lot to offer, from its historic downtown area to its vibrant festivals and events. With some research and planning, you can find a safe and welcoming neighborhood to call home, and enjoy all that Opelousas has to offer.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Opelousas LA Commercial Property: $20,165
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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