Multi-Unit Residential Income
1310-1314 Daspit Street #9 Houma, LA 70360
1310-1314 Daspit Street #9, Houma, LA, 70360
$399,000
For Sale
$399,000
Nine residential units across multiple buildings include lawn service and monthly pest control.
Property Size5,393 SF
Price / SF$73.98
Days on Market560
Property Features for 1310-1314 Daspit Street #9
General Information
- Standard status
- Active
- Size
- 5,393 SF
- Property subtype
- Multi Family
Listing agency
FOUR STAR REAL ESTATE, INC
(985) 804-0191
Listed by
Teresa Domangue · License #44667
(985) 804-0191
Source
Exitrealty
Added: Jan 7, 2025 Updated: Jul 21 at 12:40AM Checked: Jul 21 at 4:54AM
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 FOUR STAR REAL ESTATE, INC
Investment Insights
Based on property information with market context.
This for-sale residential income property consists of nine rental units distributed among three building structures. The mix includes two 2-bedroom/1-bath units and seven 1-bedroom/1-bath units. Stoves and refrigerators are furnished, while the owner does not provide utilities for the 1310, 1310 1/2 A&B, or 1314 buildings. The 1310 property is a 2BR/1BA house with central heat and air. The 1310 1/2 A&B are 1BR/1BA apartments. The duplex at 1312 includes one 2BR/1BA unit and one 1BR/1BA apartment, and the owners pay all utilities for the 1312 duplex. The 1314 building is a four-plex with all 1BR/1BA units, and these units use window heating and cooling.
Total gross rent is reported as $5,475 per month as of 07/01/26. The property has been managed since 1995 by the listing office/agent, and all rents include lawn service and monthly pest control.
Total gross rent is reported as $5,475 per month as of 07/01/26. The property has been managed since 1995 by the listing office/agent, and all rents include lawn service and monthly pest control.
Key Highlights
- Nine residential rental units with total gross rent of $5,475/month as of 07/01/26
- Unit mix: two 2BR/1BA houses and seven 1BR/1BA units across multiple buildings
- Rents include lawn service and monthly pest control (per PublicRemarks)
Local Financial Insights For Apartment 5plus
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 | $70.5k | $13.08 |
| − Vacancy | −$6.4k | −$1.19 |
| EGI | $64.1k | $11.89 |
| − OpEx | −$28.9k | −$5.35 |
| NOI | $35.3k | $6.54 |
5,393 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$503.8K
$440.8K – $587.8K
NOI $35,267 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,063 @ 7.0% cap · market cap 26.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Nine residential units across multiple buildings include lawn service and monthly pest control.
Where is this apartment building located?
The property is located at 1310-1314 Daspit Street #9 Houma, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Nine residential rental units with total gross rent of $5,475/month as of 07/01/26; Unit mix: two 2BR/1BA houses and seven 1BR/1BA units across multiple buildings; Rents include lawn service and monthly pest control (per PublicRemarks)
