207 Main Street

About this home

Beautiful 20-Unit All-Brick Apartment Complex Overlooking Courtyard & River Views Exceptional investment opportunity featuring a well-maintained, 20-unit, all-brick apartment complex overlooking a serene green-space courtyard and the majestic Mississippi River. This property operates under a multi-year Housing Assistance Payment (HAP) contract through the U.S. Department of Housing and Urban Development, making it eligible for automatic annual OCAF rent increases—providing stable, predictable income. Residents enjoy clean, functional living with coin-operated laundry facilities on both the upper and lower levels. The property is located within walking distance of local restaurants, clinics, shops, and other amenities, offering excellent convenience for tenants. This subsidized housing community serves residents age 62 and older, as well as disabled individuals, and is home to many long-term, loyal tenants—reflecting the property’s strong reputation and consistent demand. A rare chance to acquire a reliable, income-producing asset with built-in rent growth and a highly stable tenant base.

Property details

County

Pike

Subdivision

Thomas Apartments

Lot size

0.335 acres

Days on market

235

Annual taxes

$6,518

Heating

Baseboard, Electric

Cooling

Wall Unit(s), Wall/Window Unit(s), Window Unit(s)

Appliances

Electric Cooktop, Dryer, Exhaust Fan, Electric Oven, Refrigerator, Washer, Water Heater

Flooring

Carpet, Combination, Laminate, Linoleum, Luxury Vinyl

Style

Apartment Style

Schools

School district

Louisiana R-II

Elementary

Louisiana Elem.

Middle

Louisiana Middle

High

Louisiana High

Location