Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1028 Caroline St Thibodaux, LA 70301

    Sponsored
    For Sale
    $229,000

    MULTI_FAMILY - Thibodaux, LA

    Property size:
    3,215 SF
    Lot size:
    0.17 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 24 at 8:06 am

    Property Features for 1028 Caroline St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking
    6
    Parking features
    Carport, On Street
    Patio and Porch features
    Porch, Patio
    Interior features
    Gas Stove Con.
    Exterior features
    Lighting
    Fencing
    Chain Link
    Appliances
    Range/Oven
    Size
    3,215 SF
    Lot size
    0.17 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Flooring type
    Tile
    Building materials
    Aluminum Siding, Vinyl Siding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Peter Barrilleaux

    Canal & Main Realty (985) 859-1229

    Listing agent Peter Barrilleaux (985) 665-0799

    Listing date Feb 20, 2026

    MLS# 2026002814 Listing URL

    Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Three Houses on Two Lots

    This sale includes three houses located on two lots: 1026 Caroline, 1028 Caroline, and 105 Josephine. 1028 Caroline is a 2-bedroom, 1-bathroom house with an eat-in kitchen and 2 carports. 1026 Caroline is a 1-bedroom, 1-bathroom house. 105 Josephine is a 2-bedroom, 1-bathroom house situated on the back of the two lots. All three houses have fenced-in yards. The total property size is 3215 square feet, situated on a 0.165-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thibodaux
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.825332
    Latitude
    29.789221

    Nearby Similar for Sale

    • $350,000
      4,374 SF

      Corner Commercial Building on Canal

      4,374 SF building with high visibility and flexible layout.
      900 Canal Blvd, Thibodaux, LA 70301
      View Details
    • $1,450,000
      9,293 SF

      Historic Landmark in Thibodaux, LA

      Iconic, renovated 9,293 SF commercial property in Thibodaux's Historic District.
      405 W 3Rd St, Thibodaux, LA 70301
      View Details
    • $715,000
      9,112 SF

      Thibodaux Landmark: Ice House

      Two-story, 9,000+ sq ft commercial building ready for its next chapter.
      700 Saint Patrick St, Thibodaux, LA 70301
      View Details
    • $335,000
      2,946 SF

      Thibodaux Office Building For Sale

      Freestanding office building in high-traffic area, ready for immediate occupancy.
      906 Canal Blvd, Thibodaux, LA 70301
      View Details
    • $67,500
      Pending

      Turnkey Beauty Shop on Two Lots

      Ready-to-operate beauty shop on two lots within city limits.
      1109A Caroline St, Thibodaux, LA 70301
      View Details
    • $120,000
      1,123 SF

      Thibodaux Commercial Property For Sale

      Iconic commercial property with food service build-out and high visibility.
      1604 Canal Blvd, Thibodaux, LA 70301
      View Details
    • $155,000
      0.14 Acres

      Thibodaux Multifamily Investment Opportunity

      Multifamily property with single-family home and 4-plex with studio.
      244 Sanders St, Thibodaux, LA 70301
      View Details
    • Contact for pricing
      2,900 SF

      Thibodaux Commercial Building on Corner Lot

      Freestanding 2900 SF commercial building on 0.53 acre corner lot.
      103 Ridgefield Rd, Thibodaux, LA 70301
      View Details
    • $450,000
      2,900 SF

      Thibodaux Commercial Building on Corner Lot

      Freestanding 2900 SF commercial building on 0.53 acre corner lot.
      103 Ridgefield Rd, Thibodaux, LA 70301
      View Details
    • $110,000
      1,568 SF

      Thibodaux Car Wash For Sale

      Car wash with high visibility, excellent for owner-operator or investor.
      600 Parish Rd, Thibodaux, LA 70301
      View Details
    • $139,000
      Pending

      Retail Space on Canal Blvd

      Retail or office space on Canal Blvd in Thibodaux.
      1008 Canal Blvd, Thibodaux, LA 70301
      View Details
    • $2,575,000
      111,353 SF

      Louisiana Affordable Housing Portfolio

      Portfolio of 89 units in Thibodaux, Hammond, and Bogalusa, Louisiana.
      Address Not Disclosed, Thibodaux, LA
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three houses with long-term tenants on two lots.
    Where is this multifamily property located?
    The property is located at 1028 Caroline St Thibodaux, LA.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: - Three houses on two lots offer income potential from long-term tenants.; - Includes three separate rental units: a 2 bed/1 bath, a 1 bed/1 bath, and another 2 bed/1 bath.; - Each house has its own fenced-in yard.
    (985) 665-0799
    Request Owner's contact information
    1028 Caroline St Thibodaux, LA 70301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1028 Caroline St
    Thibodaux, LA 70301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1028 Caroline St Thibodaux, LA 70301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Peter Barrilleaux
    (985) 665-0799
    Learn more
    Google sign-in failed. Please try again or use another login method.