Remodeled
For Sale
$169,000
311 A & B Engeron Street, Houma, LA 70363
Residential Income, Houma, LA
Property Size1,818 SF
Lot Size0.20 Acres
Price / SF$92.96
Days on Market141
Property Features for 311 A & B Engeron Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Laundry Room
Parking
3
Parking features
On Street
Window features
Drapes, Window Treatments
Patio and Porch features
Porch, Patio, Deck
Interior features
Electric Stove Con.
Fencing
Chain Link
Appliances
Washer/Dryer All, Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Self Cleaning Oven
Subdivision
Houma Heights
Lot features
Commons Lot, Commons Lot
Elementary school district
Terrebonne Parish
Middle school district
Terrebonne Parish
High school district
Terrebonne Parish
Directions
From Grand Caillou turn onto Buron Street and then take a left or from Grand Caillou turn onto Sylvia Street and take a right
Standard status
Active
Size
1,818 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
See legal in documents
Legal Description
See legal in documents
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Flooring type
Tile
Building materials
Wood Siding, Frame
Roof type
Shingle
Listing Agency:
PROPRIE'TE' SHOPPE, LLC
(985) 232-6901
Listed By:
Missy Matherne · License #995684608
(985) 209-6265
Added: Apr 15
Changed: Aug 19
Last Checked: Sep 2 at 4:06PM
MLS# 2026006789
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 recently updated duplex contains 1,818 square feet across two residential units. The front unit offers one bedroom and one bathroom, while the rear unit provides three bedrooms and one bathroom. Furnishings, décor, and appliances remain with the property, including refrigerators, ranges, microwaves, dishwashers, freezers, and laundry equipment.
The property sits on a 0.2-acre lot at 311 A & B Engeron Street in Houma, Louisiana. Additional features include tile flooring, wood-frame construction with wood siding, shingle roofing, wall-furnace heating, window-unit cooling, ceiling fans, a porch, patio, deck, chain-link fencing, and on-street parking. Public water and public sewer serve the property. The property is located in flood zone AE.
The property sits on a 0.2-acre lot at 311 A & B Engeron Street in Houma, Louisiana. Additional features include tile flooring, wood-frame construction with wood siding, shingle roofing, wall-furnace heating, window-unit cooling, ceiling fans, a porch, patio, deck, chain-link fencing, and on-street parking. Public water and public sewer serve the property. The property is located in flood zone AE.
Key Highlights
- 1,818‑square‑foot duplex with two residential units
- Front unit has 1 bedroom and 1 bathroom; rear unit has 3 bedrooms and 1 bathroom
- Recently remodeled and renovated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,673
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$273,460
$273.5K
Cap Rate 7%
$195,329
$195.3K
Cap Rate 9%
$151,922
$151.9K
Market Conditions
NOI Build-Up for 1,818 SF
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.
Gross rent
$21.4K $11.76/SF
− Vacancy
−$1.8K −$1.02/SF
EGI
$19.5K $10.74/SF
− OpEx
−$5.9K −$3.22/SF
NOI
$13.7K $7.52/SF
Area
Terrebonne County, LA
Vacancy
8.64%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$273,460
Cap Rate 7%
$195,329
Cap Rate 9%
$151,922
Alternative Uses
Best Use
Multifamily LT 5
$195.3K
$170.9K – $227.9K
NOI $13,673 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$169.8K
$148.6K – $198.2K
NOI $11,889 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$501.1K
$438.5K – $584.7K
NOI $35,080 @ 7.0% cap · market cap 20.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Explore this area
Business Placement
Demographics for 70363, LA
25,319
Population
10,449
Households
2.4
Avg Household Size
36
Median Age
8%
College-Educated
75%
High-School Grad
78.4 sq mi
ZIP Area
323
Density / Sq Mi
$44,828
Median Household Income
$33,176
Median Earnings
$1,054
Median Rent
$143,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include furnishings, appliances, separate living spaces, and access to public water and sewer.
Where is this duplex located?
The property is located at 311 A & B Engeron Street Houma, LA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 1,818‑square‑foot duplex with two residential units; Front unit has 1 bedroom and 1 bathroom; rear unit has 3 bedrooms and 1 bathroom; Recently remodeled and renovated
