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Multifamily Property with Private Storage
For Sale
$249,000

429 and 433 Richmond Avenue, Houma, LA 70363

Recently painted exterior with keyed laundry and storage rooms serving each unit.

Property Size4,350 SF
Price / SF$57.24
Days on Market699

Property Features for 429 and 433 Richmond Avenue

General Information

Standard status Active
Size 4,350 SF
Property subtype Multi Family
Listing Agency: FOUR STAR REAL ESTATE, INC
Listed By: Teresa Domangue · License #44667
Source: Exitrealty
Added: Oct 2, 2024 Changed: Aug 30 Last Checked: Aug 30 at 6:56PM

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 multifamily property at 429 and 433 Richmond Avenue includes individual laundry and storage rooms at the rear of the building, with each room keyed to its corresponding unit door lock. On-site maintenance storage rooms are also provided. Stoves and refrigerators are owned by the property, while residents own the window dressings, blinds, hardware, and washers and dryers in their individual rooms.

The exterior was recently painted, and the laundry and storage room doors were replaced and painted following Hurricane Ida. A new rear fence was installed in April 2024. Unit interiors have received varying levels of renovation after the storm, reflecting the repair work required in each unit.

Key Highlights

  • Individual keyed laundry and storage room for each unit
  • Recently painted building exterior
  • Laundry and storage room doors replaced and painted after Hurricane Ida

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.

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 - Recently painted exterior with keyed laundry and storage rooms serving each unit.
Where is this multifamily property located?
The property is located at 429 and 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: Individual keyed laundry and storage room for each unit; Recently painted building exterior; Laundry and storage room doors replaced and painted after Hurricane Ida
More about this property
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