Turnkey Duplex
1025 Horridge Street Vinton, LA 70668
For Sale
$114,999
Well-maintained duplex with two occupied units generating rental income, offering separate living spaces for tenants.
Property Size1,602 SF
Price / SF$71.78
Days on Market298
Property Features for 1025 Horridge Street
General Information
- Standard status
- Active
- Size
- 1,602 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1997
Listing Agency:
(337) 480-6555
Listed By:
Castle Real Estate
Source:
Xome
Added: Sep 29, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Castle Real Estate
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.
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 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 | $16.3k | $10.20 |
| − Vacancy | −$1.2k | −$0.77 |
| EGI | $15.1k | $9.44 |
| − OpEx | −$4.5k | −$2.83 |
| NOI | $10.6k | $6.60 |
1,602 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$151.1K
$132.3K – $176.3K
NOI $10,580 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$133.7K
$117.0K – $156.0K
NOI $9,362 @ 7.0% cap · market cap 8.14%
Theoretical Best
Specialty Retail
$345.3K
$302.2K – $402.9K
NOI $24,172 @ 7.0% cap · market cap 21.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
