Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    399 N Carol St Lockport, LA 70374

    Sponsored
    For Sale
    $450,000

    MULTI_FAMILY - Lockport, LA

    Property size:
    407,936 SF
    Lot size:
    0.33 Acres
    Days on Market:
    161
    Last Refresh:
    Feb 3 at 7:06 am

    Property Features for 399 N Carol St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry Room
    Parking
    10
    Appliances
    Range/Oven, Refrigerator
    Size
    407,936 SF
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Wall Furnace
    Cooling system
    Window Unit(s), Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Building materials
    Block Siding, Block
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Holly Guidry
    Holly Guidry

    Bayou Partners Investments, LLC (985) 262-4400

    Listing agent Heather Abadie (985) 665-7784

    Listing date Aug 27, 2025

    MLS# 2024016883

    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.

    Learn more

    Property Insight Report

    Overview

    Lockport Multifamily Investment Opportunity

    This multifamily property is located in Lockport and features 8 one-bedroom, one-bath apartments. The property is centrally located near shops, restaurants, and schools. The building has a solid block exterior. The property is currently rented and producing monthly cashflow. The lot size is 0.33 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.548342
    Latitude
    29.648708

    Nearby Similar for Sale

    • $270,000
      4,000 SF

      Versatile Commercial Property on Bayou

      Renovated 4,000 sqft commercial property with retail and warehouse space.
      7486 Ln Hwy 308, Lockport, LA 70374
      View Details
    • $419,000
      3,179 SF

      Turnkey Restaurant Opportunity in Lockport

      Fully renovated restaurant with established brand, ready for new owner.
      8320 Highway 308, Lockport, LA 70374
      View Details
    • Contact for pricing
      3,179 SF

      Turnkey Restaurant Opportunity in Lockport

      Fully renovated restaurant with established brand, ready for new owner.
      8320 Highway 308, Lockport, LA 70374
      View Details
    • $40,000
      Pending

      Historic Commercial Building in Lockport

      Revival opportunity: historic commercial building circa 1915 in Lockport.
      110 Barataria St, Lockport, LA 70374
      View Details
    • $1,850,000
      188,894 SF

      Industrial Complex on 42 Acres

      Large industrial complex with heavy infrastructure and waterfront access.
      139 Joe Brown Rd, Lockport, LA 70374
      View Details
    • $132,500
      700 SF

      Lockport Commercial Opportunity For Sale

      Commercial property in prime Lockport location with endless business opportunities.
      914 Crescent Ave, Lockport, LA 70374
      View Details
    • $1,850,000
      188,894 SF

      Prime Lockport Industrial Complex

      188,894 SF Warehouse, R&D, Distribution
      139 Joe Brown Rd, Lockport, LA 70374
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property in Lockport, currently rented and producing cashflow.
    Where is this apartment building located?
    The property is located at 399 N Carol St Lockport, LA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Strong monthly cashflow from 8 rented units.; - Prime location in the heart of Lockport, near shops, restaurants, and schools.; - Turnkey investment property requiring minimal immediate effort.
    (985) 262-4400
    Request Owner's contact information
    399 N Carol St Lockport, LA 70374
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    399 N Carol St
    Lockport, LA 70374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    399 N Carol St Lockport, LA 70374
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Holly Guidry
    Holly Guidry
    Real Estate License ID: 37498
    (985) 262-4400
    Learn more
    Google sign-in failed. Please try again or use another login method.