3712 Rapides St, Monroe, LA, 71203
About This Home
Excellent investment opportunity in a highly desirable location! This waterfront property is currently leased to the Oxford Foundation for $1,850 per month, providing dependable long-term rental income. If you are looking for a strong-performing rental property with consistent cash flow in a great area, this property is a must-see. The home is located in a very desirable part of Monroe and offers an attractive setting for both tenants and investors alike. This property may also be purchased as part of a larger investment package with additional Monroe and West Monroe properties available. Strong rental history, excellent location, and dependable income make this a great addition to any investment portfolio.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1951
Materials
- Foundation: Slab
- Roof: Asphalt Shingle
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Single Family Residence,Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Refrigerator,Gas Range
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 3
Features
- Ceiling Fan(s),Walk-In Closet(s)
- Fireplace features: None
Heating & Cooling
- Heating features: Electric,Central
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Details
- Parcel number: 53294
Features
- Patio & porch: Porch Open
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
- Heat Wave
- Ice Storm
- Tornado
- Earthquake
- Hail
- Lightning
- Strong Wind
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 | $1,188 | $14,256 |
| Home Insurance * | $243 | $2,916 |
| Property Taxes | $101 | $1,212 |
| Electricity | $181 | $2,177 |
| Total | $1,713 | $20,556 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-26 | Listed for sale | $235,000 |
| 2023-12-11 | Sold | -- |
| 2020-11-05 | Listing removed | $249,900 |
| 2020-10-29 | Listed for sale | $249,900 |
| 2019-11-08 | Listing removed | $1,795 |
| 2019-08-16 | Listed for rent | $1,795 |
| 2019-04-29 | Listing removed | $1,795 |
| 2018-10-22 | Listed for rent | $1,795 |
| 2006-06-01 | Sold | -- |
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