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24 Steep Drive, 
Rayville, LA 71269

$6,825,000


—

Bed


—

Bath


-

Sq Ft


Multi-Family

Active

Listed by

Jennifer Causey

, 

Orie Morris

John Rea Realty

318-388-0941

Last updated:

October 6, 2026, 03:12 PM

MLS#

220724

Source:

LA NEBOR

About This Home

24 Steep Drive

Prime opportunity to acquire a 22-home, income-producing residential portfolio in Richland Parish; an area of regional growth and expanding demand for quality housing. Built between 2024 and 2026, the site-built 3-bedroom, 2-bath homes contain approximately 27,405 total square feet and are concentrated in three nearby locations near I-20 and LA-133 - providing a more efficient ownership and management structure than a widely scattered rental package. The Seller-provided rent roll reflects 22 occupied homes generating $51,520 in monthly rent, $618,240 in annual gross rent and preliminary NOI of $508,708, with all utilities paid by tenants. Offered at $6,825,000, the portfolio reflects a 7.45% asking cap rate based on current Seller-provided financials. The portfolio is already serving corporate and contractor-related occupancy connected to significant regional development activity. Its newer housing stock and concentrated footprint position it well to accommodate continued project-related housing demand while offering an investor immediate cash flow, streamlined operations and underlying home-by-home value. Supporting property, operating and lease documentation may be made available through the offering process. All financial information is Seller-provided, preliminary and subject to Buyer verification.

Home Facts

Multi-Family

Subdivision & Development:

OTHER

Price Summary

6,825,000

MLS #:

220724

Last Updated:

October 6, 2026, 03:12 PM

Added:

a month ago


Finances & Disclosures

Finances

Price:

$6,825,000

Source:LA NEBOR
The information being provided by Northeast Louisiana Board Of REALTORS® Mls is for the 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 information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Northeast Louisiana Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.