Active under contract

Price cut: $20K (5/4)

$460,000

115 E 16th St, Reserve, LA 70084

10beds

5,500sqft

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Multi Family

Built in 1981

-- sqft lot

$433,600 Zestimate^®

$84/sqft

$-- HOA

What's special

Hot water heatersDurable metal roofUpdated systems throughoutHardy board sidingHvac units

Fully occupied 5-plex in Reserve, Louisiana offering immediate cash flow. Each unit features 2 bedrooms and 1.5 bathrooms with updated systems throughout. Major improvements within the last 5 years include HVAC units, hot water heaters, windows, refrigerators and Hardy board siding, just to name a few. Located in X-flood zone. Durable metal roof adds long-term value. Renovations to all units in 2022/2023. Tenants pay all utilities and provide their own washer/dryer. Great opportunity for investors seeking a stabilized, income-producing property.

82 days

18

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 10
Full bathrooms: 5
1/2 bathrooms: 5

Heating

Central

Cooling

Central Air

Appliances

Laundry: Laundry Room

Interior area

Total interior livable area: 5,500 sqft

Property

Parking

Parking features: Parking Lot

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 6,565 Square Feet
Dimensions: 101 x 65
Features: Outside City Limits, Rectangular Lot

Details

Parcel number: 0500183700
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Brick, HardiPlank Type
Foundation: Slab
Roof: Metal

Condition

Very Good Condition
Year built: 1981

Utilities & green energy

Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: Windows

Community & HOA

HOA

HOA name: none

Location

Region: Reserve

Financial & listing details

Price per square foot: $84/sqft
Date on market: 4/14/2026
Tenant pays: Electricity, Water

Estimated market value

$433,600

$412,000 - $455,000

$1,349/mo

Price history

Date	Event	Price
5/19/2026	Contingent	$460,000$84/sqft
Source: GSREIN #2552338 Report a problem
5/4/2026	Price change	$460,000-4.2%$84/sqft
Source: GSREIN #2552338 Report a problem
4/15/2026	Listed for sale	$480,000$87/sqft
Source: GSREIN #2552338 Report a problem
12/2/2025	Listing removed	$480,000$87/sqft
Source: GSREIN #2504602 Report a problem
6/1/2025	Listed for sale	$480,000-0.1%$87/sqft
Source: GSREIN #2504602 Report a problem
2/5/2025	Listing removed	$480,500$87/sqft
Source: GSREIN #2443048 Report a problem
5/11/2024	Listed for sale	$480,500+33.5%$87/sqft
Source: GSREIN #2443048 Report a problem
8/19/2021	Sold	--
Source: GSREIN #2303056 Report a problem
7/3/2021	Pending sale	$360,000$65/sqft
Source: GSREIN #2303056 Report a problem
6/3/2021	Listed for sale	$360,000$65/sqft
Source: GSREIN #2303056 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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