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Multifamily Building with Storage
For Sale
$249,000

433 Richmond Avenue, Houma, LA 70363

Each residence includes a keyed laundry and storage room, with owner-provided ranges and refrigerators.

Property Size4,350 SF
Price / SF$57.24
Days on Market859

Property Features for 433 Richmond Avenue

General Information

Standard status Active
Size 4,350 SF
Property subtype MULTI FAMILY FOR SALE / Townhouse

Taxes and HOA fees

Annual Taxes $1,559

Amenities

Central Air
Central, Electric
Vinyl Tile Floor
Range/Oven, Refrigerator
4
8
Cable Available, Ceiling Fans, Individual Meter, Smoke Detector
Architec. Shingle, Hip Roof
Partial, Wood
1
Storage
Lighting
Slab: Traditional
Brick, Other

Building Details

Tenancy Multi
Listing Agency: FOUR STAR REAL ESTATE, INC
Listed By: Clint Domangue · License #995680410
Source: Compass
Added: Apr 26, 2024 Changed: Aug 31 Last Checked: Aug 31 at 1:48AM

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 4,350-square-foot multifamily building offers unit-specific laundry and storage rooms at the rear, with each room keyed to its corresponding door lock. Owner-provided appliances include ranges and refrigerators, while residents own the window coverings and washer-dryer sets. Interior finishes include vinyl tile flooring, and the building has central air, individual electric metering, cable availability, ceiling fans, and smoke detectors.

Exterior work includes recent painting, replacement and painting of the laundry and storage room doors following Hurricane Ida, and a rear fence installed in April 2024. The property also includes dedicated maintenance storage rooms. A traditional slab foundation, brick and other exterior materials, and an architectural shingle hip roof complete the building improvements.

Key Highlights

  • 4,350‑square‑foot multifamily building
  • Keyed laundry and storage room assigned to each unit
  • Owner‑provided ranges and refrigerators

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Dental Office (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

418
Businesses Nearby

Demographics for 70363, LA

25,319
Population
10,449
Households
2.4
Avg Household Size
36
Median Age
8%
College-Educated
75%
High-School Grad
78.4 sq mi
ZIP Area
323
Density / Sq Mi
$44,828
Median Household Income
$33,176
Median Earnings
$1,054
Median Rent
$143,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Each residence includes a keyed laundry and storage room, with owner-provided ranges and refrigerators.
Where is this multifamily property located?
The property is located at 433 Richmond Avenue Houma, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 4,350‑square‑foot multifamily building; Keyed laundry and storage room assigned to each unit; Owner‑provided ranges and refrigerators
More about this property
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