Two-Story Duplex with
New
For Sale
$345,450
1506-1508 S Vintage Lane S, Lake Charles, LA 70605
Each residence includes walk-in closets and a fenced yard, alongside a kitchen with ample cabinet storage.
Property Size4,606 SF
Price / SF$75
Days on Market3
Property Features for 1506-1508 S Vintage Lane S
General Information
Standard status
Active
Size
4,606 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/3BA
Multifamily Units
2
Amenities
spacious kitchens
walk-in closets
covered back patios
fenced-in yards
Building Details
Year Built
1991
Buildings
1
Stories
2
Listing Agency:
Compass-LC
Listed By:
Phyllis Loftin · License #PLOFTIN
(337) 884-3851
Source:
Castlere
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 6:17AM
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.
Built in 1991, this 4,606-square-foot duplex contains two two-story residences. Each unit has 4 bedrooms and 3 bathrooms, for a combined total of 8 bedrooms and 6 bathrooms. Both kitchens offer substantial cabinet storage, and the units include walk-in closets, covered rear patios, and fenced yards.
The property is in South Lake Charles, just off Country Club Road.
The property is in South Lake Charles, just off Country Club Road.
Key Highlights
- Two units, each with 4 bedrooms and 3 bathrooms
- 4,606‑square‑foot duplex built in 1991
- Both units feature covered rear patios and fenced yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,420
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,400
$608.4K
Cap Rate 7%
$434,571
$434.6K
Cap Rate 9%
$338,000
$338.0K
Market Conditions
NOI Build-Up for 4,606 SF
Gross rent
$47.0K $10.20/SF
− Vacancy
−$3.5K −$0.77/SF
EGI
$43.5K $9.44/SF
− OpEx
−$13.0K −$2.83/SF
NOI
$30.4K $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%
$608,400
Cap Rate 7%
$434,571
Cap Rate 9%
$338,000
Alternative Uses
Best Use
Multifamily LT 5
$434.6K
$380.3K – $507.0K
NOI $30,420 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$384.5K
$336.5K – $448.6K
NOI $26,916 @ 7.0% cap · market cap 7.79%
Theoretical Best
Specialty Retail
$992.8K
$868.7K – $1.16M
NOI $69,498 @ 7.0% cap · market cap 20.12%
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 - Each residence includes walk-in closets and a fenced yard, alongside a kitchen with ample cabinet storage.
Where is this duplex located?
The property is located at 1506-1508 S Vintage Lane S Lake Charles, LA.
What is the asking price?
The asking price for this property is $345,450.
What are key features of this property?
This property features: Two units, each with 4 bedrooms and 3 bathrooms; 4,606‑square‑foot duplex built in 1991; Both units feature covered rear patios and fenced yards
