Building Details

Year Built 1997

Listing Agency: Show Phone

Listed By: Castle Real Estate

Source: Xome

Added: Aug 13, 2025 Changed: Sep 1 Last Checked: Sep 7 at 6:11AM

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Investment Insights

Based on property information with market context.

This well-maintained duplex is being offered as a turnkey income property with both units already occupied. The layout includes separate living spaces on each side, and the property is described as having a solid rental history. With two separate units, the configuration provides flexibility in operations and is positioned to help reduce vacancy risk.

The property is located at 1025 Horridge Street in Vinton, Louisiana. Measurements are listed as more or less.

Key Highlights

• Duplex built in 1997
• Both units are currently occupied and generating rental income
• Separate living spaces for each side of the duplex

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

$10,580

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

9.20%

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%

$211,600 $211.6K

Cap Rate 7%

$151,143 $151.1K

Cap Rate 9%

$117,556 $117.6K

Market Conditions

NOI Build-Up for 1,602 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

$16.3K $10.20/SF

− Vacancy

−$1.2K −$0.77/SF

EGI

$15.1K $9.44/SF

− OpEx

−$4.5K −$2.83/SF

NOI

$10.6K $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%

$211,600

Cap Rate 7%

$151,143

Cap Rate 9%

$117,556

Alternative Uses

Best Use

Multifamily LT 5

$151.1K

$132.3K – $176.3K (±1% cap)

NOI $10,580 @ 7.0% cap · market cap 9.20%

Second Best

Apartment 5plus

$133.7K

$117.0K – $156.0K (±1% cap)

NOI $9,362 @ 7.0% cap · market cap 8.14%

Theoretical Best

Specialty Retail

$345.3K

$302.2K – $402.9K (±1% cap)

NOI $24,172 @ 7.0% cap · market cap 21.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Pharmacy (Bike/Boat/Book/etc) Store Restaurant Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

142

Businesses Nearby

Explore this area Business Placement

Demographics for 70668, LA

6,576

Population

2,650

Households

2.5

Avg Household Size

38

Median Age

10%

College-Educated

88%

High-School Grad

141.0 sq mi

ZIP Area

47

Density / Sq Mi

$48,492

Median Household Income

$32,854

Median Earnings

$957

Median Rent

$141,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Well-maintained duplex with two occupied units generating rental income, offering separate living spaces for tenants.

Where is this duplex located?

The property is located at 1025 Horridge Street Vinton, LA.

What is the asking price?

The asking price for this property is $114,999.

What are key features of this property?

This property features: Duplex built in 1997; Both units are currently occupied and generating rental income; Separate living spaces for each side of the duplex