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659 W Main St, New Roads, LA 70760

Local realty services provided by:CENTURY 21 Investment Realty
659 W Main St,New Roads, LA 70760
$575,000
  • - Beds
  • - Baths
  • 12,922 sq. ft.
  • Multi-family
  • Active
Listed by: joseph major
Office: ken major realty
MLS#:2023020229
Source:LA_GBRMLS

Price summary

  • Price:$575,000
  • Price per sq. ft.:$44.5

About this home

Located in the heart of historic downtown New Roads, feet away from False River, this 12-plex offers an unbeatable investment opportunity in one of the city’s most sought locations. With a strong Airbnb market, furnish/convert a unit and your guests can enjoy nearby boating, swimming, and fishing on a beautiful lake. Surrounded by unique homestyle restaurants, shopping, and waterfront homes, this rare property features four studio units, three 1 bed / 1 bath units, one 2 bed/1 bath unit, one 3 bed/2 bath unit, 2 office areas which could be converted into another efficiency and another 1 bed and a 5000 square foot empty Movie Theatre (value-add build out space for up to 9 additional units). Rent-roll shows units rented grossing $6000/month plus coinless laundry - well below market average and presenting strong upside potential. Whether you're looking for a cash flowing asset or a value-add opportunity with long-term appreciation potential, this property delivers both. With consistent

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Home facts

  • Listing ID #:2023020229
  • Added:888 day(s) ago
  • Updated:January 21, 2026 at 03:58 PM

Rooms and interior

  • Living area:12,922 sq. ft.

Structure and exterior

  • Building area:12,922 sq. ft.
  • Lot area:0.42 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$575,000
  • Price per sq. ft.:$44.5

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