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501 & 503 S Lexington Ave, Bunkie, LA, 71322

6beds
4baths
3,020sqft
$130,000
$43price/sqft
$1,075/moest. monthly cost
$43,000/yrincome needed

About This Home

Prime opportunity for someone looking to enter the residential rental business. These two well-kept homes are on the market and priced to sell. No improvements needed. They are ready for tenants. Roof on both homes are only 16 months old. Great condition and great location. Schedule your showing today.

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

7/10

Construction

Condition

  • Property condition: Average Condition
  • Year built: 1970

Materials

  • Foundation: Raised
  • Roof: Metal,Shingle
  • Construction materials: Asbestos,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Acadian
  • Property subType: Single Family Residence

Interior

Bathroom

  • Level: Lower
  • Dimensions: 3x12

Bathroom

  • Level: Lower
  • Dimensions: 5x7

Bathroom

  • Level: Lower
  • Dimensions: 8x5

Bedroom

  • Level: Lower
  • Dimensions: 17x16

Bedroom

  • Level: Lower
  • Dimensions: 12x15

Bedroom

  • Level: Lower
  • Dimensions: 11x12

Bedroom

  • Level: Lower
  • Dimensions: 12x14

Bedroom

  • Level: Lower
  • Dimensions: 23x10

Bedroom

  • Level: Lower
  • Dimensions: 13x12

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 2
  • 1/2 bathrooms: 2

Features

  • Fireplace features: None

Heating & Cooling

  • Heating features: Window Unit
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 4,157
  • Total interior livable area: 3,020 sqft

Kitchen

  • Level: Lower
  • Dimensions: 12x12

Kitchen

  • Level: Lower
  • Dimensions: 21x10

Living Room

  • Level: Lower
  • Dimensions: 15x24

Living Room

  • Level: Lower
  • Dimensions: 17x16

Property

Details

  • Parcel number: 0120982400
  • Special condition: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.26 Acres
  • Features: City Lot,Rectangular Lot
  • Lot size dimensions: .47

Parking

  • Total spaces: 3
  • Parking features: Three or more Spaces

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Ice Storm
    Ice StormVery High
  • Lightning
    LightningVery High
  • Tornado
    TornadoVery High
  • Drought
    DroughtRelatively High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Cold Wave
Ice Storm
Lightning
Tornado
Drought
Hurricane
Heat Wave
Strong Wind
Hail
Inland Flooding

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $657$7,884
Home Insurance *$167$2,004
Property Taxes $23$276
Electricity $228$2,740
Total$1,075$12,900
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$36,857/yr
40% on housing$32,250/yr
45% on housing$28,666/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.5%
14.5%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$43This listing

vs Other Active Listings

Avg $/sqft

ZIP 71322$107
Avoyelles Parish$85

vs Homes Sold Last Month

Median $/sqft

ZIP 71322
Avoyelles Parish$115

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-14Listed for sale$135,000
2024-06-27Sold--
2024-05-20Pending sale$125,000
2024-05-03Price change$125,000
2024-03-24Listed for sale$165,000

For Sale by Agent

AgentJustin Gaspard
BrokerageBetter Homes & Gardens Real Estate Rhodes Realty

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