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2408 S Grand St, Monroe, LA, 71202

--beds
--baths
--sqft
$229,000
--price/sqft
$1,880/moest. monthly cost
$75,200/yrincome needed

About This Home

Great Deal for Investors!!! 5 properties/7 rental units. Income producing. 2408 S Grand-2203 S grand A-2203 S grand B-2703 lee -2709 Lee A-2709 Lee B-3413 Halsell All measurements are approximate. Properties to be sold "as-is/where-is". For all showings, contact Julie Hansen 318-355-7301. Please do not disturb the tenants. Fully occupied monthly income of $3450. All Property Pictures to be uploaded this week!

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

2/10
2/10
Carroll High SchoolGrades 9-123.0 mi

Construction

Materials

  • Foundation: Slab,Pillar/Post/Pier,Other
  • Roof: Asphalt Shingle,Other
  • Construction materials: Frame,Brick Veneer,Other

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: None,Other,Gas Water Heater,Electric Water Heater
  • Laundry features: See Remarks

Basement

  • Basement: Crawl Space

Features

  • Other
  • Fireplace features: None

Heating & Cooling

  • Heating features: Natural Gas,Electric,Other
  • Cooling features: Electric

Property

Details

  • Parcel number: 54395

Features

  • Patio & porch: Porch Covered,None

Parking

  • Parking features: Hard Surface Drive
  • Has uncovered spaces: Yes

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
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Heat Wave
Ice Storm
Strong Wind
Tornado

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 $1,157$13,884
Home Insurance *$477$5,724
Property Taxes $99$1,188
Electricity $147$1,773
Total$1,880$22,560
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$64,457/yr
40% on housing$56,400/yr
45% on housing$50,133/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: 13.7%
13.7%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 71202$60
Ouachita Parish$120

vs Homes Sold Last Month

Median $/sqft

ZIP 71202$67
Ouachita Parish$134

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

DateEventPrice
2025-09-17Price change$229,000
2025-03-10Listed for sale$285,000

For Sale by Agent

AgentJulie Hansen
BrokerageDB Real Estate

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