Remodeled
New
For Sale
$199,999
1404 Bond St, Houma, LA 70360
MULTI_FAMILY - Houma, LA
Property Size1,300 SF
Lot Size0.11 Acres
Price / SF$153.85
Days on Market5
Property Features for 1404 Bond St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
Assigned
Subdivision
Honduras Add
Lot features
Corner Lot, Corner Lot
Elementary school district
Terrebonne Parish
Middle school district
Terrebonne Parish
High school district
Terrebonne Parish
Standard status
Active
Size
1,300 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
North half of Lot 2 of block nineteen of Honduras addition lot 2 Block 19
Legal Description
North half of Lot 2 of block nineteen of Honduras addition lot 2 Block 19
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Building Details
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Brick Siding, Brick
Roof type
Metal
Listing Agency:
Realty Executives South Louisiana Group · Realty Executives International
(225) 677-7772
Listed By:
Virginia Luquette · License #0995699016
(225) 715-9234
Added: Aug 7
Last Checked: Aug 11 at 8:06PM
MLS# 2026014519
Copyright © 2026 Greater Baton Rouge Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers 1,300 square feet on a 0.11-acre lot, with a two-bedroom, one-bath configuration. Recent improvements include new flooring and updated interior finishes, while the open living area connects with a renovated kitchen. Ceramic tile flooring, brick construction, a metal roof, wall-furnace heating, and window-unit cooling complete the property’s physical features.
The property is served by public water and public sewer. Assigned parking is provided, offering a defined parking arrangement for occupants.
The property is served by public water and public sewer. Assigned parking is provided, offering a defined parking arrangement for occupants.
Key Highlights
- Two‑bedroom, one‑bath duplex with 1,300 square feet
- Situated on a 0.11‑acre lot
- Updated kitchen and open living 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
$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
1,475
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 - Updated duplex with an open living area, modern kitchen, assigned parking, and public utilities.
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: Two‑bedroom, one‑bath duplex with 1,300 square feet; Situated on a 0.11‑acre lot; Updated kitchen and open living area
