Renovated Furnished
For Sale
$199,000
113 Dover Dr, Houma, LA 70363
Three-unit property is fully occupied and includes furnishings, décor, and appliances.
Property Size2,486 SF
Price / SF$80.05
Days on Market183
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Property Features for 113 Dover Dr
General Information
Standard status
Active
Size
2,486 SF
Property subtype
Multi-Family
Listing Agency:
PROPRIE'TE' SHOPPE, LLC
Listed By:
Missy Matherne · License #995684608
(985) 209-6265
Source:
Smithsquared
Added: Apr 16
Changed: Oct 12
Last Checked: Oct 7 at 3:13PM
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 PROPRIE'TE' SHOPPE, LLC
Investment Insights
Based on property information with market context.
This 2,486-square-foot triplex has undergone renovation and updating, with three residential units currently at 100% occupancy. The sale includes the furnishings, decorations, and appliances in place, including refrigerators, ranges, a microwave, dishwasher, dryer, freezer, and self-cleaning oven. Interior finishes include vinyl tile flooring, central air, ceiling fans, natural gas service, and walk-in closets.
The property is located at 113 Dover Drive in Houma, Louisiana, and carries a current flood-zone designation of AE. Exterior features include vinyl siding, architectural shingles, a traditional slab foundation, chain-link and wood fencing, plus deck, patio, and porch areas.
The property is located at 113 Dover Drive in Houma, Louisiana, and carries a current flood-zone designation of AE. Exterior features include vinyl siding, architectural shingles, a traditional slab foundation, chain-link and wood fencing, plus deck, patio, and porch areas.
Key Highlights
- 2,486‑square‑foot triplex with three residential units
- Renovated and updated interior
- 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,257
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,140
$325.1K
Cap Rate 7%
$232,243
$232.2K
Cap Rate 9%
$180,633
$180.6K
Market Conditions
NOI Build-Up for 2,486 SF
Gross rent
$32.5K $13.08/SF
− Vacancy
−$3.0K −$1.19/SF
EGI
$29.6K $11.89/SF
− OpEx
−$13.3K −$5.35/SF
NOI
$16.3K $6.54/SF
Area
Terrebonne County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,140
Cap Rate 7%
$232,243
Cap Rate 9%
$180,633
Alternative Uses
Best Use
Multifamily LT 5
$267.1K
$233.7K – $311.6K
NOI $18,697 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$232.2K
$203.2K – $271.0K
NOI $16,257 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$685.3K
$599.6K – $799.5K
NOI $47,970 @ 7.0% cap · market cap 24.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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Business Placement
Demographics for 70363, LA
25,319
Population
10,449
Households
2.4
Avg Household Size
36
Median Age
8%
College-Educated
75%
High-School Grad
78.4 sq mi
ZIP Area
323
Density / Sq Mi
$44,828
Median Household Income
$33,176
Median Earnings
$1,054
Median Rent
$143,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property is fully occupied and includes furnishings, décor, and appliances.
Where is this triplex located?
The property is located at 113 Dover Dr Houma, LA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2,486‑square‑foot triplex with three residential units; Renovated and updated interior; 100% occupancy
