Address
520 N 1st Street N, Oberlin, LA
Price
$ 172,500
Property Attributes
- MLS#SWL26002734
- TypeSingle Family
- Listing Status Pending
- ParishAllen
- CityOberlin
- Zip70655
- StyleApartment
- Year Built1970
- Price$ 172,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2500
- Lot Size0.56 Acres
Data Source:
Southwest Louisiana Association of REALTORS®
Property 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.
| Price History | |
|---|---|
| 6/11/2026 | Listed $172,500 |
General Features
| Sewer | PublicSewer |
|---|---|
| Year Built | 1970 |
| Property Subtype | Apartment |
| Parcel Number | 0110031500B |
| Gross Income | 2400 |
| County | Allen |
| Net Operating Income | 26200 |
| Operating Expense | 2600 |
| Property Type | ResidentialIncome |
| Status | Pending |
| Directions | North on Hwy 165, left on 6th Avenue, right on 1st, property at the end of 1st before the curve |
| City | Oberlin |
| MLS Area | Other |
| Lot Size Units | Acres |
| Lot Size Square Feet | 0.56 |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Lease Considered Y/N | false |
| Rent Control Y/N | false |
| Standard Status | Pending |
| Year Built Source | Appraiser |
| Property Sub Type Additional | Apartment |
| PostalCity | Oberlin |
| Legal Description | COMM. AT SW/C OF 10-5-4; TH N00 DEG 55'47"W A DISTANCE OF 940.56 FT. TO POB; TH N00 DEG 55'47"W A DISTANCE OF 149.43 FT. TO A POINT; TH S89 DEG 55'00"E A DISTANCE OF 185.76 FT. TO A POINT; TH S00 DEG 07'23"W A DISTANCE OF 149.41' TO A POINT; TH N89 DEG 55'00"W A DISTANCE OF 183.02 FT. TO A POINT, POINT BEING THE TRUE POB; SAID TRACT CONT. .63 ACRES LESS ROAD RIGHT OF WAY |
Interior Features
| Total Stories | 1 |
|---|---|
| Air Conditioning Y/N | false |
| Heating Y/N | false |
| Fireplace Y/N | false |
Exterior Features
| Lot Features | CornerLot,CityLot,IrregularLot |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.56 |
| Number of Buildings | 1 |
| Spa | false |
| Building Area Total | 2500 |
| Lot Dimensions | 116x270x124x265 |
| Lot Size Acres | 0.56 |
| Number of Separate Water Meters | 4 |
| Number of Separate Gas Meters | 4 |
| Number of Separate Electric Meters | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 70655
Price
Year Built
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
