489 W Railroad Ave, Independence, LA, 70443
About This Home
Quintessential historic masonry store front in revitalizing Independence begs your imagination to run wild. A blank slate, this building would make an excellent 2-unit multi-family investment. It has been gutted with many renovations completed including new windows, new electrical panels, new water supply line, new 10-year roof coating, spray foam insulation under roof decking, and newly redesigned apartment floor plan upstairs. Approx 1135 sf living on each floor. A most unique detail of this property is that it sits on 2 CITY LOTS adding to the redevelopment possibilities! Come be part of the renaissance of historic main street Louisiana!
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Poor Condition
- Year built: 1915
Materials
- Foundation: Slab
- Roof: Membrane,Metal
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Duplex,Multi Family,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
Heating & Cooling
- Heating features: None
- Cooling features: None
Interior Area
- Total interior livable area: 2,270 sqft
Property
Details
- Parcel number: 0INDY00000805
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Balcony
- Exterior features: Balcony
Lot
- Features: City Lot,Oversized Lot
- Lot size dimensions: 25 x 110, 35 x 145
Parking
- Parking features: Off Street
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
- Hurricane
- Heat Wave
- Inland Flooding
- Lightning
- Tornado
- Cold Wave
- Hail
- Ice Storm
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Louisiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $551 | $6,612 |
| Home Insurance * | $128 | $1,536 |
| Property Taxes | $30 | $360 |
| Electricity | $171 | $2,059 |
| Total | $880 | $10,560 |
Income You'd Need if You Spent...
Louisiana FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-18 | Price change | $124,000 |
| 2026-04-09 | Listed for sale | $134,000 |
| 2026-04-02 | Contingent | $134,000 |
| 2026-03-09 | Listed for sale | $134,000 |
| 2025-01-30 | Listing removed | $75,000 |
| 2025-01-13 | Contingent | $75,000 |
| 2025-01-02 | Listed for sale | $75,000 |
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