Residential Income
273 Brooklyn Avenue Houma, LA 70364
273 Brooklyn Avenue, Houma, LA, 70364
$95,000
For Sale
$95,000
Duplex with two 1-bedroom, 1-bath units in good condition, positioned next to a park.
Property Size1,000 SF
Price / SF$95
Days on Market659
Property Features for 273 Brooklyn Avenue
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Multi Family
Listing agency
1 Percent Lists United
(985) 859-5549
Listed by
Courtney Lirette · License #995702486
(985) 859-5549
Source
Exitrealty
Added: Oct 2, 2024 Updated: Jul 20 at 5:59PM Checked: Jul 22 at 10:18AM
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 1 Percent Lists United
Investment Insights
Based on property information with market context.
This residential income duplex offers two separate units, each configured with 1 bedroom and 1 bathroom. The property is described as being in good condition.
The duplex is located at 273 Brooklyn Avenue in Houma, Louisiana, and is situated right next to a park.
As a straightforward rental setup with consistent unit layouts, the property may appeal to investors seeking steady income from a multi-unit residential asset.
The duplex is located at 273 Brooklyn Avenue in Houma, Louisiana, and is situated right next to a park.
As a straightforward rental setup with consistent unit layouts, the property may appeal to investors seeking steady income from a multi-unit residential asset.
Key Highlights
- Duplex with two 1‑bedroom, 1‑bath units
- Property is in good condition
- Located next to a park
Local 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 | $11.8k | $11.76 |
| − Vacancy | −$1.0k | −$1.02 |
| EGI | $10.7k | $10.74 |
| − OpEx | −$3.2k | −$3.22 |
| NOI | $7.5k | $7.52 |
1,000 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$107.4K
$94.0K – $125.4K
NOI $7,521 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$93.4K
$81.7K – $109.0K
NOI $6,539 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$275.7K
$241.2K – $321.6K
NOI $19,296 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two 1-bedroom, 1-bath units in good condition, positioned next to a park.
Where is this duplex located?
The property is located at 273 Brooklyn Avenue Houma, LA.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Duplex with two 1‑bedroom, 1‑bath units; Property is in good condition; Located next to a park
