Port Barre Multifamily
For Sale
$122,000
105 Seneca Street, Port Barre, LA 70577
MULTI_FAMILY - Port Barre, LA
Property Size1,501 SF
Price / SF$81.28
Days on Market343
Property Features for 105 Seneca Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2
Parking
4
Appliances
Refrigerator
Subdivision
Broulette J W
Elementary school
Call School Board
Middle school
Call School Board
High school
Call School Board
Elementary school district
St Landry Parish
Middle school district
St Landry Parish
High school district
St Landry Parish
Directions
Coming from Lafayette head N on I 49 towards Opelousas. Take exit 19A to merge onto US 190 towards Baton Rouge. In 6.6 miles turn left onto Saizan Ave. In 1.5 miles turn left onto Seneca St. Home will be on the right.
Standard status
Active
APN
0400685000
Size
1,501 SF
Taxes and HOA fees
Tax Description
1 LOT (87.8X142) PART BLK 20 J W BROUILLETTE ADD N CODORI S SENECA ST E BLK 20 W FIRST ST FRONTING 142' ON SENECA ST 1160414
Legal Description
1 LOT (87.8X142) PART BLK 20 J W BROUILLETTE ADD N CODORI S SENECA ST E BLK 20 W FIRST ST FRONTING 142' ON SENECA ST 1160414
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Number of units
2
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Real Broker, LLC
(337) 418-9700
Listed By:
Chris Lejeune · License #0995691823
(337) 224-7749
Added: Sep 15, 2025
Changed: Jul 25
Last Checked: Aug 23 at 3:06AM
MLS# 2500003460
Copyright © 2026 Realtor Association of Acadiana. 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 property in Port Barre, Louisiana, presents an investment opportunity with two homes available for the price of one. Both homes were remodeled in 2024 and are currently tenant-occupied, offering immediate rental income. The property provides a turnkey solution for investors seeking income potential. The property size is 1501 square feet.
Key Highlights
- Two homes on one property—both remodeled in 2024 and currently tenant‑occupied
- Investment opportunity in Port Barre with immediate rental income from existing tenants
- Each home includes a refrigerator and uses window unit(s) for cooling
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
$8,624
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
7.07%
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%
$172,480
$172.5K
Cap Rate 7%
$123,200
$123.2K
Cap Rate 9%
$95,822
$95.8K
Market Conditions
NOI Build-Up for 1,501 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
$13.0K $8.64/SF
− Vacancy
−$648 −$0.43/SF
EGI
$12.3K $8.21/SF
− OpEx
−$3.7K −$2.46/SF
NOI
$8.6K $5.75/SF
Area
St. Landry County, LA
Vacancy
5.00%
Lease Rate
$8.64 /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%
$172,480
Cap Rate 7%
$123,200
Cap Rate 9%
$95,822
Alternative Uses
Best Use
Multifamily LT 5
$123.2K
$107.8K – $143.7K
NOI $8,624 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$113.7K
$99.5K – $132.6K
NOI $7,957 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$226.4K
$198.1K – $264.2K
NOI $15,851 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 70577, LA
4,424
Population
2,042
Households
2.2
Avg Household Size
40
Median Age
8%
College-Educated
88%
High-School Grad
76.1 sq mi
ZIP Area
58
Density / Sq Mi
$46,250
Median Household Income
$31,693
Median Earnings
$693
Median Rent
$98,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex in Port Barre, tenant-occupied, generating immediate rental income.
Where is this duplex located?
The property is located at 105 Seneca Street Port Barre, LA.
What is the asking price?
The asking price for this property is $122,000.
What are key features of this property?
This property features: Two homes on one property—both remodeled in 2024 and currently tenant‑occupied; Investment opportunity in Port Barre with immediate rental income from existing tenants; Each home includes a refrigerator and uses window unit(s) for cooling
