Duplex With Two Three-Bedroom
502 IDLEWILD Drive Houma, LA 70364
New
502 IDLEWILD Drive, Houma, LA, 70364
$239,900
For Sale
$239,900
MULTI_FAMILY - Houma, LA
Property Size1,866 SF
Price / SF$128.56
Days on Market3
Property Features for 502 IDLEWILD Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 50270
- Size
- 1,866 SF
Taxes and HOA fees
- Tax Description
- PART LOT 1 & ALL OF LOT 2 BLOCK 8 ADDEN. 1 IDLEWILD SUBD.
Utilities
- Heating system
- Central
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1990
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
Keller Williams Realty Services
(985) 727-7000
Listed by
Crystal Chambers · License #995702355
(985) 727-7000
Added: Jul 21 Updated: Jul 22 at 11:01AM Checked: Jul 23 at 4:06AM
MLS# 2568597
Copyright © 2026 New Orleans Metropolitan 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 includes two separate 3-bedroom, 2-bath units, each with 933 square feet of living space. Both sides feature spacious room layouts and large primary suites with walk-in closets. Each unit is equipped with window A/C units. Side A has central heat, while Unit B includes a washer and dryer.
The property is listed for sale at 502 IDLEWILD Drive in Houma, LA, in Terrebonne Parish. Public remarks note it is located just minutes from a mall, movie theater, shopping, and dining.
According to the listing, both units are currently rented for $1,250 per month. An additional item mentioned in the remarks is assumable flood insurance listed at $1,020 per year for the entire duplex.
The property is listed for sale at 502 IDLEWILD Drive in Houma, LA, in Terrebonne Parish. Public remarks note it is located just minutes from a mall, movie theater, shopping, and dining.
According to the listing, both units are currently rented for $1,250 per month. An additional item mentioned in the remarks is assumable flood insurance listed at $1,020 per year for the entire duplex.
Key Highlights
- Duplex built in 1990 with two 3‑bedroom, 2‑bath units
- Each unit offers 933 sq. ft. of living space
- Both units currently rent for $1,250 per month
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 | $21.9k | $11.76 |
| − Vacancy | −$1.9k | −$1.02 |
| EGI | $20.0k | $10.74 |
| − OpEx | −$6.0k | −$3.22 |
| NOI | $14.0k | $7.52 |
1,866 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$200.5K
$175.4K – $233.9K
NOI $14,034 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$174.3K
$152.5K – $203.4K
NOI $12,202 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$514.4K
$450.1K – $600.1K
NOI $36,006 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offering two 3-bedroom, 2-bath units with in-unit window A/C and unit B washer/dryer.
Where is this duplex located?
The property is located at 502 IDLEWILD Drive Houma, LA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Duplex built in 1990 with two 3‑bedroom, 2‑bath units; Each unit offers 933 sq. ft. of living space; Both units currently rent for $1,250 per month
