Corner-Lot
For Sale
$125,000
Pending
1101 Virginia Street, Lake Charles, LA 70607
Vacant two-unit property with separate living and dining areas, appliances, and on-site storage.
Property Size1,600 SF
Days on Market53
Property Features for 1101 Virginia Street
General Information
Standard status
Pending
Size
1,600 SF
Property subtype
Multi-Family
Building Details
Year Built
1964
Listing Agency:
Compass-LC
Listed By:
Amanda Cox · License #ACOX
(337) 965-0057
Source:
Castlere
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 28 at 5:05AM
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 Compass-LC
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Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bathroom units, each arranged with a living room and dining area. Both units are currently vacant. The property measures 1,600 square feet and includes appliances, metal siding, a post-Laura roof, and an on-site storage building.
Situated on a corner lot in Lake Charles, the property is zoned City. Built in 1964, it offers a two-unit residential income configuration with both residences available for occupancy.
Situated on a corner lot in Lake Charles, the property is zoned City. Built in 1964, it offers a two-unit residential income configuration with both residences available for occupancy.
Key Highlights
- Two‑unit duplex with 1,600 square feet
- Both units currently vacant
- Each unit has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,567
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,340
$211.3K
Cap Rate 7%
$150,957
$151.0K
Cap Rate 9%
$117,411
$117.4K
Market Conditions
NOI Build-Up for 1,600 SF
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 Rate 5%
$211,340
Cap Rate 7%
$150,957
Cap Rate 9%
$117,411
Alternative Uses
Best Use
Multifamily LT 5
$151.0K
$132.1K – $176.1K
NOI $10,567 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$133.6K
$116.9K – $155.8K
NOI $9,350 @ 7.0% cap · market cap 7.48%
Theoretical Best
Specialty Retail
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 19.31%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
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Business Placement
Demographics for 70607, LA
30,339
Population
13,692
Households
2.2
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
263
Density / Sq Mi
$58,427
Median Household Income
$35,815
Median Earnings
$1,053
Median Rent
$171,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with separate living and dining areas, appliances, and on-site storage.
Where is this duplex located?
The property is located at 1101 Virginia Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,600 square feet; Both units currently vacant; Each unit has 1 bedroom and 1 bathroom
