Duplex With Private
For Sale
$255,000
210 /212 Mckinley St, Houma, LA 70364
Both residences are occupied and provide enclosed parking, storage, and individual utility responsibility.
Property Size2,780 SF
Price / SF$91.73
Days on Market15
Property Features for 210 /212 Mckinley St
General Information
Standard status
Active
Size
2,780 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
screened patio/sunroom
Building Details
Buildings
1
Listing Agency:
Beautiful Day Realty, LLC
Listed By:
Karly Rodrigue · License #995709762
(985) 870-0790
Source:
Smithsquared
Added: Aug 19
Changed: Aug 31
Last Checked: Sep 1 at 9:05PM
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 Beautiful Day Realty, LLC
Investment Insights
Based on property information with market context.
This 2,780-square-foot duplex includes two currently occupied residences, each with its own enclosed garage and storage area. The property sits on more than half an acre and includes a screened patio or sunroom positioned toward the rear greenery. Gas water heaters, furnaces, and stoves serve the units, while HVAC systems and the roof were replaced after Ida.
Tenants are responsible for their respective utilities. The property also offers additional room for expansion, subject to applicable requirements. A 48-hour notice is required for showings.
Tenants are responsible for their respective utilities. The property also offers additional room for expansion, subject to applicable requirements. A 48-hour notice is required for showings.
Key Highlights
- 2,780 SF duplex with both units currently occupied
- More than half an acre with room to expand
- Each unit includes an enclosed garage and storage area
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
$20,908
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
8.20%
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%
$418,160
$418.2K
Cap Rate 7%
$298,686
$298.7K
Cap Rate 9%
$232,311
$232.3K
Market Conditions
NOI Build-Up for 2,780 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
$32.7K $11.76/SF
− Vacancy
−$2.8K −$1.02/SF
EGI
$29.9K $10.74/SF
− OpEx
−$9.0K −$3.22/SF
NOI
$20.9K $7.52/SF
Area
Terrebonne County, LA
Vacancy
8.64%
Lease Rate
$11.76 /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%
$418,160
Cap Rate 7%
$298,686
Cap Rate 9%
$232,311
Alternative Uses
Best Use
Multifamily LT 5
$298.7K
$261.4K – $348.5K
NOI $20,908 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$259.7K
$227.2K – $303.0K
NOI $18,179 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$766.3K
$670.5K – $894.1K
NOI $53,643 @ 7.0% cap · market cap 21.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
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 - Both residences are occupied and provide enclosed parking, storage, and individual utility responsibility.
Where is this duplex located?
The property is located at 210 /212 Mckinley St Houma, LA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 2,780 SF duplex with both units currently occupied; More than half an acre with room to expand; Each unit includes an enclosed garage and storage area
