INVESTMENT OPPORTUNITY WITH TENANT IN PLACE! This extensively renovated property offers investors the opportunity to acquire an income-producing asset with an existing lease in effect through August 2027.
Zoned CN (Commercial Neighborhood), the property offers added long-term flexibility with potential for both residential and commercial uses, subject to applicable zoning requirements. Whether held as a rental investment or considered for future professional office, boutique, salon, studio, service-based business, or other permitted use, this property offers options beyond a traditional residential rental.
The property has undergone extensive renovations, including new floor joists, subflooring and flooring, a renovated bathroom with new shower and toilet, new appliances, fresh interior paint, updated fixtures, new water heater, new AC ductwork, and a refreshed kitchen featuring new countertops, tile backsplash, and hardware. A complete renovation list is available upon request.
Additional features include three separate driveway entrances, a storage shed, convenient access to Main Street shopping, dining and local activities, and a location in Flood Zone X.
Tenant occupied with lease in place through August 2027. No showings prior to an accepted offer. Please do not disturb tenant. Lease information, renovation records and city zoning documents are available upon request.
Seller is motivated and welcomes offers.
For sale
$199,000
311 S Morgan Ave, Broussard, LA 70518
3beds
1,705sqft
Single Family Residence
Built in 1975
6,534 Square Feet Lot
$195,300 Zestimate®
$117/sqft
$-- HOA
What's special
Three separate driveway entrancesStorage shedUpdated fixturesFresh interior paintNew water heaterNew appliancesNew ac ductwork
- 15 days
- 279
- 31
Zillow last checked:
Listing updated:
Listed by:
Elaina Thrasher,
eXp Realty, LLC 337-522-7554
Source: ROAM MLS,MLS#: 2600006461
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Disposal, Dishwasher, Electric Range, Refrigerator, Water Purifier, Electric Stove Connection, Plumbed For Ice Maker
- Laundry: Electric Dryer Hookup
Features
- Walk-In Closet(s)
- Flooring: Tile, Vinyl, Wood
- Windows: Window Treatments
- Has fireplace: No
Interior area
- Total interior livable area: 1,705 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
Features
- Levels: One
- Stories: 1
- Fencing: None
Lot
- Size: 6,534 Square Feet
- Dimensions: 0.1482 AC
- Features: Corner Lot
Details
- Additional structures: Shed(s), Storage
- Parcel number: 6034704
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Brick, Frame
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s), Security System Owned
- Subdivision: Broussard Addition
HOA
- Has HOA: No
Location
- Region: Broussard
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $107,430
- Annual tax amount: $931
- Date on market: 7/17/2026
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Estimated market value
$195,300
$186,000 - $205,000
$1,769/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listing removed | $1,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/3/2026 | Price change | $199,000-9.1%$117/sqft |
Source: | ||
| 7/28/2026 | Price change | $219,000-2.7%$128/sqft |
Source: | ||
| 7/17/2026 | Listed for sale | $225,000-1.7%$132/sqft |
Source: | ||
| 7/8/2026 | Listed for rent | $1,700+3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/25/2026 | Listing removed | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/19/2026 | Listed for rent | $1,650+10%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/18/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/5/2026 | Price change | $229,000-4.2%$134/sqft |
Source: Owner Report a problem | ||
| 3/30/2026 | Listed for sale | $239,000+54.2%$140/sqft |
Source: Owner Report a problem | ||
| 1/21/2026 | Listing removed | $1,500$1/sqft |
Source: RAA #2500006272 Report a problem | ||
| 12/15/2025 | Listing removed | $155,000$91/sqft |
Source: | ||
| 12/15/2025 | Listed for rent | $1,500-11.8%$1/sqft |
Source: RAA #2500006272 Report a problem | ||
| 11/18/2025 | Listed for sale | $155,000$91/sqft |
Source: | ||
| 10/12/2025 | Pending sale | $155,000$91/sqft |
Source: | ||
| 9/27/2025 | Listed for sale | $155,000+10.7%$91/sqft |
Source: | ||
| 9/8/2025 | Listing removed | $1,700$1/sqft |
Source: RAA #2500002474 Report a problem | ||
| 9/6/2025 | Listed for rent | $1,700$1/sqft |
Source: RAA #2500002474 Report a problem | ||
| 9/5/2025 | Listing removed | $1,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/3/2025 | Price change | $1,700-2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/12/2025 | Listed for rent | $1,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/10/2025 | Sold | -- |
Source: | ||
| 6/23/2025 | Pending sale | $140,000$82/sqft |
Source: | ||
| 6/13/2025 | Listed for sale | $140,000$82/sqft |
Source: | ||
| 5/27/2025 | Pending sale | $140,000$82/sqft |
Source: | ||
| 5/26/2025 | Listed for sale | $140,000$82/sqft |
Source: | ||
| 3/12/2009 | Sold | -- |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $931 | $10,743 |
| 2024 | $931 +9.3% | $10,743 +9% |
| 2023 | $852 0% | $9,859 |
| 2022 | $852 -0.4% | $9,859 |
| 2021 | $856 +2.6% | $9,859 +2.4% |
| 2020 | $834 +5.2% | $9,624 |
| 2019 | $793 -2.2% | $9,624 |
| 2018 | $811 +0.1% | $9,624 |
| 2017 | $810 | $9,624 +6% |
| 2015 | $810 +70.6% | $9,075 +60.3% |
| 2013 | $475 -2.5% | $5,660 |
| 2011 | $487 +0.2% | $5,660 |
| 2010 | $486 | $5,660 +18.9% |
| 2006 | -- | $4,760 |
| 2005 | -- | $4,760 +8.9% |
| 2002 | -- | $4,370 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 70518
Nearby schools
Schools provided by the listing agent
- Elementary: Drexel
- Middle: Broussard
- High: Comeaux
Source: ROAM MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




