Four-Unit Residential Income
405 Williams Ave Houma, LA 70364
405 Williams Ave, Houma, LA, 70364
$324,000
For Sale
$324,000
MULTI_FAMILY - Houma, LA
Property Size1,983 SF
Lot Size0.14 Acres
Price / SF$163.39
Days on Market95
Property Features for 405 Williams Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Parking
- 6
- Window features
- Window Treatments, Drapes
- Patio and Porch features
- Patio, Porch, Deck
- Interior features
- Storage in Garage
- Appliances
- Washer/Dryer All, Dryer, Microwave, Range/Oven, Refrigerator, Self Cleaning Oven
- Standard status
- Active
- Size
- 1,983 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- Sea 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
- Additional Structures
- Storage
Listing Agency
PROPRIE'TE' SHOPPE, LLC
(985) 232-6901
1120 Museum Dr, Houma, LA
Listed by
Missy Matherne · License #995684608
(985) 232-6901
Added: Apr 15 Checked: Jul 18 at 6:06 pm
MLS# 2026006912
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 for-sale residential income property features four units, all updated and renovated and sold completely furnished and decorated with appliances included. Unit A is a two bedroom, two bathroom house. Unit B is a one bedroom, one bathroom unit located behind Unit A. Unit C is a one bedroom, one bathroom unit above Unit B. Unit D is a one bedroom, one bathroom unit directly above a double garage.
The property also includes a potential fifth unit that has already been built but never renovated. The existing condition indicates additional incomplete space as well, including Unit F described as ready to be completed, with potential storage below. The property is located in flood zone X.
Current rental figures provided include Unit A at $1,900 per month, Unit B previously at $2,300 per month, and Units C and D each currently at $1,200 per month.
The property also includes a potential fifth unit that has already been built but never renovated. The existing condition indicates additional incomplete space as well, including Unit F described as ready to be completed, with potential storage below. The property is located in flood zone X.
Current rental figures provided include Unit A at $1,900 per month, Unit B previously at $2,300 per month, and Units C and D each currently at $1,200 per month.
Key Highlights
- Four‑unit property with potential fifth unit: Unit A (2 bed/2 bath), Units B–D (1 bed/1 bath each)
- Potential for an additional unit (Unit F 267 SF) with built structure; potential storage below (233 SF)
- Units include appliances and are being sold completely furnished and decorated; Washer/Dryer, refrigerator, microwave, and range/oven included
Local Financial Insights For Multifamily LT 5
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 | $23.3k | $11.76 |
| − Vacancy | −$2.0k | −$1.02 |
| EGI | $21.3k | $10.74 |
| − OpEx | −$6.4k | −$3.22 |
| NOI | $14.9k | $7.52 |
1,983 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$213.1K
$186.4K – $248.6K
NOI $14,914 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$546.6K
$478.3K – $637.7K
NOI $38,264 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four furnished residential units with appliances included, plus a potential additional unit already built but not renovated.
Where is this quadplex located?
The property is located at 405 Williams Ave Houma, LA.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: Four‑unit property with potential fifth unit: Unit A (2 bed/2 bath), Units B–D (1 bed/1 bath each); Potential for an additional unit (Unit F 267 SF) with built structure; potential storage below (233 SF); Units include appliances and are being sold completely furnished and decorated; Washer/Dryer, refrigerator, microwave, and range/oven included
