Remodeled Duplex with Updated
For Sale
$199,999
1404 Bond St, Houma, LA 70360
Two-bedroom duplex featuring refreshed interiors, open living space, and a contemporary kitchen.
Property Size1,300 SF
Price / SF$153.85
Days on Market27
Property Features for 1404 Bond St
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Listing Agency:
Realty Executives South Louisiana Group
(225) 677-7772
Listed By:
Virginia Luquette · License #0995699016
(225) 715-9234
Source:
Exprealty
Added: Aug 7
Changed: Aug 21
Last Checked: Sep 1 at 9:29PM
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 Realty Executives South Louisiana Group
Investment Insights
Based on property information with market context.
This duplex at 1404 Bond St in Houma, LA offers 1,300 square feet with a two-bedroom, one-bath configuration. The interior has been remodeled with new flooring and a modernized overall finish. An open-concept living area connects with the updated kitchen, creating a cohesive layout for daily living and entertaining.
Key Highlights
- Remodeled duplex with 1,300 square feet
- Two‑bedroom, one‑bath configuration
- New flooring throughout
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
$9,777
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
4.89%
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%
$195,540
$195.5K
Cap Rate 7%
$139,671
$139.7K
Cap Rate 9%
$108,633
$108.6K
Market Conditions
NOI Build-Up for 1,300 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
$15.3K $11.76/SF
− Vacancy
−$1.3K −$1.02/SF
EGI
$14.0K $10.74/SF
− OpEx
−$4.2K −$3.22/SF
NOI
$9.8K $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%
$195,540
Cap Rate 7%
$139,671
Cap Rate 9%
$108,633
Alternative Uses
Best Use
Multifamily LT 5
$139.7K
$122.2K – $163.0K
NOI $9,777 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$121.4K
$106.3K – $141.7K
NOI $8,501 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$358.4K
$313.6K – $418.1K
NOI $25,085 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
Explore this area
Business Placement
Demographics for 70360, LA
28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
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 - Two-bedroom duplex featuring refreshed interiors, open living space, and a contemporary kitchen.
Where is this duplex located?
The property is located at 1404 Bond St Houma, LA.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Remodeled duplex with 1,300 square feet; Two‑bedroom, one‑bath configuration; New flooring throughout
