Duplex with Fenced
New
For Sale
$211,520
Pending
1503-1505 S Vintage Lane S, Lake Charles, LA 70605
Two residences each include three bedrooms, two bathrooms, a covered patio, and walk-in closets.
Property Size2,644 SF
Days on Market5
Property Features for 1503-1505 S Vintage Lane S
General Information
Standard status
Pending
Size
2,644 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
walk-in closets
covered back patios
fenced-in yards
Building Details
Year Built
1991
Listing Agency:
Compass-LC
Listed By:
Phyllis Loftin · License #PLOFTIN
(337) 884-3851
Source:
Castlere
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:18AM
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 Compass-LC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,644-square-foot duplex, built in 1991, contains two units with a combined six bedrooms and four bathrooms. Each residence has a kitchen with cabinet storage, walk-in closets, a covered rear patio, and its own fenced yard.
The property is on S Vintage Lane in Lake Charles, just off Country Club Road.
The property is on S Vintage Lane in Lake Charles, just off Country Club Road.
Key Highlights
- Two units with three bedrooms and two bathrooms each
- 2,644 square feet; built in 1991
- Covered patio and fenced yard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,462
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,240
$349.2K
Cap Rate 7%
$249,457
$249.5K
Cap Rate 9%
$194,022
$194.0K
Market Conditions
NOI Build-Up for 2,644 SF
Gross rent
$27.0K $10.20/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$24.9K $9.44/SF
− OpEx
−$7.5K −$2.83/SF
NOI
$17.5K $6.60/SF
Area
Calcasieu County, LA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,240
Cap Rate 7%
$249,457
Cap Rate 9%
$194,022
Alternative Uses
Best Use
Multifamily LT 5
$249.5K
$218.3K – $291.0K
NOI $17,462 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,451 @ 7.0% cap · market cap 7.30%
Theoretical Best
Specialty Retail
$569.9K
$498.7K – $664.9K
NOI $39,894 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 70605, LA
39,903
Population
17,926
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
97%
High-School Grad
43.0 sq mi
ZIP Area
928
Density / Sq Mi
$88,337
Median Household Income
$46,173
Median Earnings
$1,348
Median Rent
$293,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences each include three bedrooms, two bathrooms, a covered patio, and walk-in closets.
Where is this duplex located?
The property is located at 1503-1505 S Vintage Lane S Lake Charles, LA.
What is the asking price?
The asking price for this property is $211,520.
What are key features of this property?
This property features: Two units with three bedrooms and two bathrooms each; 2,644 square feet; built in 1991; Covered patio and fenced yard for each residence
