Bayou Black Duplex Investment
3748 Southdown Mandalay Road Houma, LA 70360
For Sale
$137,000
MULTI_FAMILY - Houma, LA
Property Size1,800 SF
Lot Size0.26 Acres
Price / SF$76.11
Days on Market73
Property Features for 3748 Southdown Mandalay Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 6
- Appliances
- Electric Cooktop
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.26 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Building materials
- Brick Siding, Frame
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Dana Theriot · License #995693099
(985) 262-4400
Added: May 12
Changed: Jul 1
Last Checked: Jul 23 at 10:06PM
MLS# 2026008762
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 multifamily property is a duplex located in Bayou Black near the Bayou Black gym. Each unit features 3 bedrooms and 2 bathrooms. The property includes a spacious yard and a carport. The property size is 1800 square feet and the lot size is 0.26 acres. The property is currently tenant-occupied and generating rental income. It is located in Houma, LA, and is not in a flood zone, according to the provided information.
Key Highlights
- Duplex in Bayou Black near Bayou Black gym
- Unit mix: 3 bed/2 bath and 2 bed/2 bath
- Central heating and central air
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 | $23.5k | $13.08 |
| − Vacancy | −$2.1k | −$1.19 |
| EGI | $21.4k | $11.89 |
| − OpEx | −$9.6k | −$5.35 |
| NOI | $11.8k | $6.54 |
1,800 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$193.4K
$169.2K – $225.6K
NOI $13,537 @ 7.0% cap · market cap 9.88%
Second Best
Apartment 5plus
$168.2K
$147.1K – $196.2K
NOI $11,771 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 25.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex in Bayou Black, each unit with 3 beds/2 baths.
Where is this duplex located?
The property is located at 3748 Southdown Mandalay Road Houma, LA.
What is the asking price?
The asking price for this property is $137,000.
What are key features of this property?
This property features: Duplex in Bayou Black near Bayou Black gym; Unit mix: 3 bed/2 bath and 2 bed/2 bath; Central heating and central air
