Duplex Investment Opportunity with Updated
242 / 244 Saint Peter St Houma, LA 70363
242 / 244 Saint Peter St, Houma, LA, 70363
$99,500
For Sale
$99,500
MULTI_FAMILY - Houma, LA
Property Size1,340 SF
Lot Size0.13 Acres
Price / SF$74.25
Days on Market87
Property Features for 242 / 244 Saint Peter St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Laundry Room
- Parking
- 4
- Parking features
- Parking Lot
- Interior features
- Electric Stove Con.
- Appliances
- Range/Oven
- Standard status
- Active
- Size
- 1,340 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- Tract c map showing redivision of Lots 8,9, and 10 Block 1 Elardo Subd.
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing Agency
Real Estate Express
(985) 223-2822
6690 West Park Aveue, Houma, LA
Listed by
Debbie Chauvin · License #49603
(985) 804-1957
Added: Apr 23 Checked: Jul 18 at 10:06 am
MLS# 2026007528
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 bank-owned duplex features two units, each with 2 bedrooms and 2 bathrooms. One unit is currently vacant and described as mostly updated, while the second unit remains occupied on a month-to-month basis by a tenant paying $575.00 per month. Because tenant confirmation is required for access, showings must be coordinated in advance. All measurements provided are approximate and are to be verified by a certified appraiser. Buyer is also responsible for verifying any flood zone considerations.
The property is located at 242/244 Saint Peter St in Houma, Louisiana (70363), in Terrebonne Parish. Lot size is listed at 0.129 acres, and total property size is shown as 1,340 square feet, with both dimensions subject to verification.
For investors seeking a small, manageable rental, this duplex presents a practical combination of immediate rental income and an updated unit that may support future leasing or re-tenanting. The month-to-month occupancy provides flexibility, while the mostly updated vacant side may help reduce near-term improvement needs depending on buyer objectives. As always, prospective buyers should confirm details with the tenant for any scheduled visits and conduct due diligence on flood zone requirements.
The property is located at 242/244 Saint Peter St in Houma, Louisiana (70363), in Terrebonne Parish. Lot size is listed at 0.129 acres, and total property size is shown as 1,340 square feet, with both dimensions subject to verification.
For investors seeking a small, manageable rental, this duplex presents a practical combination of immediate rental income and an updated unit that may support future leasing or re-tenanting. The month-to-month occupancy provides flexibility, while the mostly updated vacant side may help reduce near-term improvement needs depending on buyer objectives. As always, prospective buyers should confirm details with the tenant for any scheduled visits and conduct due diligence on flood zone requirements.
Key Highlights
- Duplex property, great for rental income or owner‑occupancy.
- Vacant and updated unit ready for immediate occupancy and higher rental potential.
- Each unit offers 2 bedrooms and 2 bathrooms.
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 | $17.5k | $13.08 |
| − Vacancy | −$1.6k | −$1.19 |
| EGI | $15.9k | $11.89 |
| − OpEx | −$7.2k | −$5.35 |
| NOI | $8.8k | $6.54 |
1,340 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$144.0K
$126.0K – $168.0K
NOI $10,078 @ 7.0% cap · market cap 10.13%
Second Best
Apartment 5plus
$125.2K
$109.5K – $146.1K
NOI $8,763 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$369.4K
$323.2K – $431.0K
NOI $25,857 @ 7.0% cap · market cap 25.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Bank-owned duplex offers rental income potential, with one mostly updated vacant unit and one occupied unit on a month-to-month basis.
Where is this duplex located?
The property is located at 242 / 244 Saint Peter St Houma, LA.
What is the asking price?
The asking price for this property is $99,500.
What are key features of this property?
This property features: Duplex property, great for rental income or owner‑occupancy.; Vacant and updated unit ready for immediate occupancy and higher rental potential.; Each unit offers 2 bedrooms and 2 bathrooms.
