Three Duplex Income
For Sale
$599,000
1304 Lewis Street, Sulphur, LA 70663
Three 2002-built duplexes totaling six rental units, with five units currently tenant occupied.
Property Size2,651 SF
Price / SF$225.95
Days on Market97
Property Features for 1304 Lewis Street
General Information
Standard status
Active
Size
2,651 SF
Property subtype
Multi-Family
Occupancy
83%
Additional Details
Multifamily Units
6
Amenities
private laundry closet
Building Details
Year Built
2002
Tenancy
Multi
Listing Agency:
Century 21 Bono Realty
Listed By:
Kym Digiovanni · License #KDIGIONA
(337) 540-2807
Source:
Castlere
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 24 at 2:09PM
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 Century 21 Bono Realty
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Investment Insights
Based on property information with market context.
This property consists of three duplexes built in 2002, providing a total of six rental units. Five of the six units are currently tenant occupied, offering immediate income potential for a new owner.
Each duplex is described as approximately 2,651 square feet, and each unit features two bedrooms and one bathroom. Units also include a private laundry closet.
The units are located at 1304 Lewis St, 1320 Lewis St, and 1386 Lewis St.
Each duplex is described as approximately 2,651 square feet, and each unit features two bedrooms and one bathroom. Units also include a private laundry closet.
The units are located at 1304 Lewis St, 1320 Lewis St, and 1386 Lewis St.
Key Highlights
- Three duplexes built in 2002 offering 6 total rental units
- Five of the six units are currently tenant occupied
- Each duplex is approximately 2,651 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,509
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,180
$350.2K
Cap Rate 7%
$250,129
$250.1K
Cap Rate 9%
$194,544
$194.5K
Market Conditions
NOI Build-Up for 2,651 SF
Gross rent
$27.0K $10.20/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$25.0K $9.44/SF
− OpEx
−$7.5K −$2.83/SF
NOI
$17.5K $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%
$350,180
Cap Rate 7%
$250,129
Cap Rate 9%
$194,544
Alternative Uses
Best Use
Multifamily LT 5
$250.1K
$218.9K – $291.8K
NOI $17,509 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$221.3K
$193.6K – $258.2K
NOI $15,491 @ 7.0% cap · market cap 2.59%
Theoretical Best
Specialty Retail
$571.4K
$500.0K – $666.7K
NOI $40,000 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
83.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
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Business Placement
Demographics for 70663, LA
29,325
Population
12,767
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
97.8 sq mi
ZIP Area
300
Density / Sq Mi
$59,444
Median Household Income
$37,587
Median Earnings
$914
Median Rent
$174,300
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 - Three 2002-built duplexes totaling six rental units, with five units currently tenant occupied.
Where is this duplex located?
The property is located at 1304 Lewis Street Sulphur, LA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three duplexes built in 2002 offering 6 total rental units; Five of the six units are currently tenant occupied; Each duplex is approximately 2,651 SF
