Renovated Duplex with Two 3-Bedroom
For Sale
$395,000
528 Currie Dr, Sulphur, LA 70665
Each updated residence features a three-bedroom, one-bath layout with separate rental or occupancy options.
Property Size2,896 SF
Lot Size0.96 Acres
Price / SF$136.40
Days on Market30
Property Features for 528 Currie Dr
General Information
Standard status
Active
Size
2,896 SF
Lot size
0.96 Acres
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Listing Agency:
Exit Realty Southern
(337) 884-4843
Listed By:
Josh Foster · License #995702707
Source:
Athomerealtyla
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 29 at 2:05PM
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 Exit Realty Southern
Investment Insights
Based on property information with market context.
This renovated duplex contains 2896 square feet across two separate residences. Unit A and Unit B each provide three bedrooms and one bathroom. The property underwent a down-to-the-studs renovation after Hurricane Laura, with updated finishes and systems throughout. A concrete driveway serves the property and provides parking for residents and visitors.
Set on 0.96 acres, the site offers additional room beyond the existing building. The property is near schools, shopping, and industry, with interstate access nearby. Unit A has previously operated as an Airbnb short-term rental, while Unit B is subject to a long-term lease, creating two distinct occupancy histories within the same asset.
Set on 0.96 acres, the site offers additional room beyond the existing building. The property is near schools, shopping, and industry, with interstate access nearby. Unit A has previously operated as an Airbnb short-term rental, while Unit B is subject to a long-term lease, creating two distinct occupancy histories within the same asset.
Key Highlights
- 2896‑square‑foot duplex on a 0.96‑acre lot
- Two units, each with 3 bedrooms and 1 bathroom
- Down‑to‑the‑studs renovation completed following Hurricane Laura
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,127
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,540
$382.5K
Cap Rate 7%
$273,243
$273.2K
Cap Rate 9%
$212,522
$212.5K
Market Conditions
NOI Build-Up for 2,896 SF
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.
Gross rent
$29.5K $10.20/SF
− Vacancy
−$2.2K −$0.77/SF
EGI
$27.3K $9.44/SF
− OpEx
−$8.2K −$2.83/SF
NOI
$19.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,540
Cap Rate 7%
$273,243
Cap Rate 9%
$212,522
Alternative Uses
Best Use
Multifamily LT 5
$273.2K
$239.1K – $318.8K
NOI $19,127 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$241.8K
$211.5K – $282.1K
NOI $16,923 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$624.2K
$546.2K – $728.3K
NOI $43,696 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 70665, LA
12,532
Population
5,626
Households
2.2
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
153.0 sq mi
ZIP Area
82
Density / Sq Mi
$88,328
Median Household Income
$56,977
Median Earnings
$1,212
Median Rent
$229,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each updated residence features a three-bedroom, one-bath layout with separate rental or occupancy options.
Where is this duplex located?
The property is located at 528 Currie Dr Sulphur, LA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2896‑square‑foot duplex on a 0.96‑acre lot; Two units, each with 3 bedrooms and 1 bathroom; Down‑to‑the‑studs renovation completed following Hurricane Laura
