Renovated Triplex with
113 Dover Dr Houma, LA 70363
113 Dover Dr, Houma, LA, 70363
$199,000
For Sale
$199,000
MULTI_FAMILY - Houma, LA
Property Size2,486 SF
Lot Size0.41 Acres
Price / SF$80.05
Days on Market95
Property Features for 113 Dover Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 6
- Parking features
- Assigned, Covered, Carport
- Window features
- Drapes, Window Treatments
- Patio and Porch features
- Deck, Porch, Patio
- Interior features
- High Speed Internet, Gas Stove Con., Master Bath, Walk-In Closet(s)
- Fencing
- Chain Link
- Appliances
- Washer/Dryer All, Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Self Cleaning Oven
- Standard status
- Active
- Size
- 2,486 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Description
- see legal in documents
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Flooring type
- Tile
- Building materials
- Vinyl Siding, Frame
- Roof type
- Shingle
Listing Agency
PROPRIE'TE' SHOPPE, LLC
(985) 232-6901
1120 Museum Dr, Houma, LA
Listed by
Missy Matherne · License #995684608
(985) 232-6901
Added: Apr 15 Checked: Jul 18 at 7:06 pm
MLS# 2026006927
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.
Investment Insights
Based on property information with market context.
This renovated triplex has been updated and is being sold with 100% of the furnishings, decorations, and appliances. The property is currently at 100% occupancy and consists of three separate units: Unit A, Unit B, and Unit C. Unit A is rented at $2,800 per month, Unit B at $1,250 per month, and Unit C at $2,160 per month.
The property is located at 113 Dover Dr in Houma, Louisiana (70363), in Terrebonne County. The lot size is 0.41 acres, with a total property size of 2,486 square feet. The current flood zone is listed as AE.
For buyers looking for a turnkey residential income property, this triplex offers three units and is presented as move-in-ready from a presentation standpoint, with furnishings and appliances included in the sale. The current occupancy status may appeal to owner-occupants and investors seeking an immediately utilized setup, while the clear unit mix and stated monthly rents provide straightforward underwriting inputs. Prospective buyers should review flood-related considerations tied to the AE designation as part of their due diligence.
The property is located at 113 Dover Dr in Houma, Louisiana (70363), in Terrebonne County. The lot size is 0.41 acres, with a total property size of 2,486 square feet. The current flood zone is listed as AE.
For buyers looking for a turnkey residential income property, this triplex offers three units and is presented as move-in-ready from a presentation standpoint, with furnishings and appliances included in the sale. The current occupancy status may appeal to owner-occupants and investors seeking an immediately utilized setup, while the clear unit mix and stated monthly rents provide straightforward underwriting inputs. Prospective buyers should review flood-related considerations tied to the AE designation as part of their due diligence.
Key Highlights
- Triplex currently at 100% occupancy with all units leased
- Furnished sale includes 100% of furnishings, decorations, and appliances
- Unit rents: Unit A $2,800/mo; Unit B $1,250/mo; Unit C $2,160/mo
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.5k | $13.08 |
| − Vacancy | −$3.0k | −$1.19 |
| EGI | $29.6k | $11.89 |
| − OpEx | −$13.3k | −$5.35 |
| NOI | $16.3k | $6.54 |
2,486 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.1K
$233.7K – $311.6K
NOI $18,697 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$232.2K
$203.2K – $271.0K
NOI $16,257 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$685.3K
$599.6K – $799.5K
NOI $47,970 @ 7.0% cap · market cap 24.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Renovated triplex offered with furnishings, decorations, and appliances, currently 100% occupied in an AE flood zone.
Where is this triplex located?
The property is located at 113 Dover Dr Houma, LA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Triplex currently at 100% occupancy with all units leased; Furnished sale includes 100% of furnishings, decorations, and appliances; Unit rents: Unit A $2,800/mo; Unit B $1,250/mo; Unit C $2,160/mo
