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701 S 3rd St, Homer, LA 71040
About this home
ESTABLISHED 8 UNIT APARTMENT COMPLEX IN HOMER, LOUISIANA. LOCATED ON 1.18 ACRE CORNER LOT. APARTMENTS ARE IN EXCELLENT CONDITION. FRESH PAINT AND CERAMIC TILED FLOORS IN MOST UNITS. HIGH OCCUPANCY RATE.
Redfin Estimate
Market trends in 71040, LA
Last updated October 2026
Buyer's Market
Seller's Market
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Provided by Redfin
Sale history for 701 S 3rd St
$39/sq ft
$76/sq ft
Tax history for 701 S 3rd St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Number Of Parking Spaces: 8
- Parking Features: On Site, Open
Interior
- Virtual Tour
- Bathroom Information
- Bathrooms Full: 8
- Bedroom Information
- Bedrooms Total: 8
- Heating & Cooling
- Cooling: Central Air
- Heating: Central
- Interior Features
- Appliances: Built-in Refrigerator, Dishwasher, Electric Oven
- Levels: Two
- Flooring: Ceramic Tile, Vinyl
- Interior Features: Open Floorplan, Paneling, Other
- Multi-Unit Information
- Number Of Buildings: 1
- Number Of Units Total: 8
- Unit Count: 1
- Gross Annual Income: 36960.00
- Gross Annual Expenses: 9603.92
- Insurance Expense: 6036
- Net Operation Income: 22753
Exterior
- Building Information
- Roof: Composition
- Construction Materials: Brick
- Foundation Details: Slab
- Lot Information
- Lot Size Acres: 1.1800
- Lot Size Area: 1.1800
- Lot Size Square Feet: 51400.8000
- Lot Size Units: Acres
- Parcel Number: 0730078000
- RATIO List Price By Lot Size Acr: 296610.16949
- Will Subdivide: Yes
- Property Information
- Property Type: Residential Income
- Property Sub Type: Apartment
- Accessibility Features YN: No
- Multi Parcel IDYN: No
- Property Key: 22027|0730078000|1|121860446
- Property Match: APN
- US Property MUI: 407234500
- Building Information
- Building Area Total: 4576.00
- Building Area Source: Public Records
- Year Built: 1978
- Year Built Details: Preowned
- Smart Home Features Appor Pass Y: No
Financial
- Financial Information
- Buyer Financing: Conventional
- Capitalization Rate: 6.50
- Loan Type: Treat As Clear
- Second Mortgage YN: No
Utilities
- Utility Information
- Municipal Utility District YN: No
- Utilities: Asphalt, City Sewer, City Water
Location
- HOA Information
- Association Type: None
- School Information
- Elementary School: Claiborne PSB
- Elementary School Name: Claiborne PSB
- High School Name: Claiborne PSB
- Middle School Name: Claiborne PSB
- School District: Sch.Dist.#1
- Location Information
- County Or Parish: Claiborne
- Country: United States
- Directions: Use GPS or Google Maps.
- Latitude: 32.78927700
- Longitude: -93.05761400
- Geocode Confidence: High
- Complex Name: Lone Oak Apartments
- Subdivision Name: Rural
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: 1.18 acres
- Style: Multi-Family (5+ Unit)
- Year Built: —
- Year Renovated: —
- County: Claiborne Parish
- APN: 0730078000
Other
- Green Verification Information
- Green Verification Count: 0
- Listing Information
- Attribution Contact: 318-539-1111
- Listing Agreement: Exclusive Right To Sell
- Listing Id: 20328482
- Listing Key Numeric: 427249278
- Mls Status: Closed
- Previous Status: Pending
- Originating System Name: North Texas Real Estate Information Systems
- Photos Count: 15
- Possession: Closing/Funding
- Seller Contributions: 0
- Special Listing Conditions: Standard
- Standard Status: Closed
- Third Party Assistance Program Y: No
- Listing Date Information
- Days On Market: 31
- Cumulative Days On Market: 31
- Close Date: 2023-08-07
- Purchase Contract Date: 2023-06-14
- Listing Contract Date: 2023-05-14
- Off Market Date: 2023-06-14
- Price Change Timestamp: 2023-05-14T10:00:58.857
- Status Change Timestamp: 2023-08-07T16:38:33.763
- Listing Price Information
- Original List Price: 350000.00
- List Price: 350000.00
- RATIO Close Price By Lot Size Ac: 152542.37288
- RATIO Current Price By Lot Size: 152542.37288
Around this home
Schools
- K - 12
- Preschool & daycare
Public 5-8 • 0.7mi
Public 9-12 • 0.6mi
Public PreK-4 • 0.8mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.15% chance of being in a wildfire in next 30 years
7 days above 112° expected this year, 21 days in 30 years
59% chance of strong winds in next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 10.1 hours in June and 5 hours in December, placing it above the U.S. average for solar exposure.
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