Duplex with Covered
For Sale
$170,000
3251/3255 Cedar Street, Lake Charles, LA 70615
MULTI_FAMILY - Lake Charles, LA
Property Size1,732 SF
Lot Size0.33 Acres
Price / SF$98.15
Days on Market131
Property Features for 3251/3255 Cedar Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Laundry Room
Parking
2
Interior features
Bathtub, Ceiling Fan(s), No Carpet, Shower in Tub, Storage, Unfurnished
Subdivision
PINE HILLS
Lot features
Back Yard, 0-1 Unit/ Acre, Front Yard, Lawn, Rectangular Lot
Directions
From I-10, N on HWY 171, R on HWY 3059, R on Forest Ave, L on Cedar St and duplexes will be on the R
Standard status
Active
APN
00084077
Size
1,732 SF
Lot size
0.33 Acres
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Coldwell Banker Ingle Safari R · Coldwell Banker Real Estate
(337) 478-1601
Listed By:
Steve Floyd · License #41445
(337) 478-1601
Added: Mar 31
Changed: Jul 9
Last Checked: Aug 8 at 3:06PM
MLS# 3727
Copyright © 2026 Southwest Louisiana Association 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 duplex contains approximately 1,732 square feet across two units, each configured with 2 bedrooms and 1 bathroom. The property includes covered area for vehicle parking, plus a detached exterior space for a washer and dryer and additional storage. Heating and cooling are provided by window units. The shingled roof is described as less than 5 years old.
The property sits on approximately 0.33 acres and is zoned Mixed Residential. It is noted as being located in Flood Zone X. The offering includes the address 3251/3255 Cedar Street in Lake Charles, Louisiana 70615, in Calcasieu Parish. Calcasieu County property taxes are listed at approximately $632.17 annually.
For buyers seeking a residential income property, this layout supports straightforward unit use with consistent 2 bed/1 bath configurations and tenant-friendly amenities like on-site parking coverage and a dedicated exterior laundry/storage area. The listing also notes a second duplex on an adjoining parcel is available at the same price (SWL26001011), which may be relevant for buyers looking to expand within the same general area. Operating expenses provided in the remarks are incomplete and should be independently verified.
The property sits on approximately 0.33 acres and is zoned Mixed Residential. It is noted as being located in Flood Zone X. The offering includes the address 3251/3255 Cedar Street in Lake Charles, Louisiana 70615, in Calcasieu Parish. Calcasieu County property taxes are listed at approximately $632.17 annually.
For buyers seeking a residential income property, this layout supports straightforward unit use with consistent 2 bed/1 bath configurations and tenant-friendly amenities like on-site parking coverage and a dedicated exterior laundry/storage area. The listing also notes a second duplex on an adjoining parcel is available at the same price (SWL26001011), which may be relevant for buyers looking to expand within the same general area. Operating expenses provided in the remarks are incomplete and should be independently verified.
Key Highlights
- 1732 SF duplex on approx. 0.33 acres in Lake Charles, LA 70615
- Mixed Residential zoning; located in Flood Zone X
- 2 units with 2 bedrooms and 1 bathroom each (approx. 866 SF per unit)
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
$11,439
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
6.73%
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%
$228,780
$228.8K
Cap Rate 7%
$163,414
$163.4K
Cap Rate 9%
$127,100
$127.1K
Market Conditions
NOI Build-Up for 1,732 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
$17.7K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$16.3K $9.44/SF
− OpEx
−$4.9K −$2.83/SF
NOI
$11.4K $6.60/SF
Area
Calcasieu County, LA
Vacancy
7.50%
Lease Rate
$10.20 /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%
$228,780
Cap Rate 7%
$163,414
Cap Rate 9%
$127,100
Alternative Uses
Best Use
Multifamily LT 5
$163.4K
$143.0K – $190.7K
NOI $11,439 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$144.6K
$126.5K – $168.7K
NOI $10,121 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$373.3K
$326.7K – $435.6K
NOI $26,133 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 70615, LA
14,949
Population
5,498
Households
2.7
Avg Household Size
36
Median Age
15%
College-Educated
84%
High-School Grad
45.9 sq mi
ZIP Area
326
Density / Sq Mi
$43,333
Median Household Income
$30,086
Median Earnings
$1,095
Median Rent
$128,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex in Flood Zone X with covered parking, exterior washer/dryer space, and a roof less than five years old.
Where is this duplex located?
The property is located at 3251/3255 Cedar Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 1732 SF duplex on approx. 0.33 acres in Lake Charles, LA 70615; Mixed Residential zoning; located in Flood Zone X; 2 units with 2 bedrooms and 1 bathroom each (approx. 866 SF per unit)
