Renovated Duplex with Private
13024 Hodges Ln, Walker, LA 70785
For Sale
$225,000
Two residential units offer independent access, individual electrical metering, and central heating and cooling.
Property Size1,829 SF
Price / SF$123.02
Days on Market97
Property Features for 13024 Hodges Ln
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Amenities
9ft ceilings
central air and heat
private entrance
Listing Agency:
Clyde Palmer Real Estate, LLC
Listed By:
Lynn Sibley · License #0000010321
(225) 954-0493
Source:
Larry.agent225
Added: Aug 5
Changed: Nov 3
Last Checked: Nov 8 at 9:56AM
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 Clyde Palmer Real Estate, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two residential units within 1,829 square feet. Each unit has its own private entrance and separate electrical meter, supporting independent access and utility tracking. Both residences feature 9-foot ceilings throughout along with central air conditioning and heat.
Major building systems were updated in 2007, including the electrical and plumbing systems. A metal roof was also added that year. The property is located at 13024 Hodges Ln in Walker, Louisiana, providing a defined two-unit configuration with durable exterior improvements and separately metered residences.
Major building systems were updated in 2007, including the electrical and plumbing systems. A metal roof was also added that year. The property is located at 13024 Hodges Ln in Walker, Louisiana, providing a defined two-unit configuration with durable exterior improvements and separately metered residences.
Key Highlights
- Two‑unit duplex totaling 1,829 square feet
- Electrical and plumbing systems redone in 2007
- Metal roof installed in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,882
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,640
$377.6K
Cap Rate 7%
$269,743
$269.7K
Cap Rate 9%
$209,800
$209.8K
Market Conditions
NOI Build-Up for 1,829 SF
Gross rent
$28.3K $15.48/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$27.0K $14.75/SF
− OpEx
−$8.1K −$4.42/SF
NOI
$18.9K $10.32/SF
Area
Livingston County, LA
Vacancy
4.73%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,640
Cap Rate 7%
$269,743
Cap Rate 9%
$209,800
Alternative Uses
Best Use
Multifamily LT 5
$269.7K
$236.0K – $314.7K
NOI $18,882 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$239.2K
$209.3K – $279.1K
NOI $16,747 @ 7.0% cap · market cap 7.44%
Theoretical Best
Specialty Retail
$438.0K
$383.3K – $511.0K
NOI $30,662 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 70785, LA
22,569
Population
8,555
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
93.3 sq mi
ZIP Area
242
Density / Sq Mi
$84,551
Median Household Income
$52,025
Median Earnings
$1,059
Median Rent
$235,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer independent access, individual electrical metering, and central heating and cooling.
Where is this duplex located?
The property is located at 13024 Hodges Ln Walker, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,829 square feet; Electrical and plumbing systems redone in 2007; Metal roof installed in 2007
