Duplex with Covered
For Sale
$211,520
Pending
1507-1509 Vintage Lane, Lake Charles, LA 70605
Each residence includes a fenced yard, covered rear patio, and a kitchen with ample cabinet storage.
Property Size2,644 SF
Days on Market8
Property Features for 1507-1509 Vintage Lane
General Information
Standard status
Pending
Size
2,644 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Compass-LC
Listed By:
Phyllis Loftin · License #PLOFTIN
(337) 884-3851
Source:
Castlere
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 14 at 8:08PM
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
Ask AI about this property
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 Lake Charles duplex contains 2,644 square feet across two residences. Each unit has three bedrooms and two bathrooms, with a kitchen, walk-in closets, and a covered rear patio opening to a fenced yard. Together, the units provide six bedrooms and four bathrooms.
The property at 1507-1509 Vintage Lane sits just off Country Club Road in Lake Charles, Louisiana.
The property at 1507-1509 Vintage Lane sits just off Country Club Road in Lake Charles, Louisiana.
Key Highlights
- 2,644‑square‑foot duplex built in 1991
- Two units, each with 3 bedrooms and 2 bathrooms
- Combined total of 6 bedrooms and 4 bathrooms
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 - Each residence includes a fenced yard, covered rear patio, and a kitchen with ample cabinet storage.
Where is this duplex located?
The property is located at 1507-1509 Vintage Lane 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: 2,644‑square‑foot duplex built in 1991; Two units, each with 3 bedrooms and 2 bathrooms; Combined total of 6 bedrooms and 4 bathrooms
