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Building Details

Buildings 1

Construction townhouse-style

Listing Agency: KELLER WILLIAMS REALTY BAYOU P

Listed By: Molly Usie · License #912122266 Show Phone

Source: Smithsquared

Added: Jul 25 Changed: Oct 11 Last Checked: Oct 7 at 1:27PM

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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 KELLER WILLIAMS REALTY BAYOU P

Investment Insights

Based on property information with market context.

This 4,951-square-foot quadplex contains townhouse-style residences with furnished interiors and appliances included. Each unit has two bedrooms and a full bathroom on the upper level, along with an oversized walk-in closet. The main floor includes an eat-in kitchen with granite countertops, stainless steel appliances, wood and ceramic tile flooring, a half bathroom, laundry nook, and pantry. Ceiling fans, undermount sinks, and total electric systems are also included throughout the property.

Built 10 years ago, the property is located just off Grand Caillou Road in an area with residential and neighborhood commercial uses. The building is in Flood Zone X and is currently listed on Airbnb, supporting both short-term and long-term rental use as described in the property information. The sale includes furniture and appliances, including furniture purchased this year.

Key Highlights

• 4,951‑square‑foot quadplex with townhouse‑style layouts
• Each unit includes 2 bedrooms, 1 full bathroom, and an oversized walk‑in closet
• Furnished interiors with appliances included; furniture was newly purchased this year

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,235

Cap Rate

5.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$744,700 $744.7K

Cap Rate 7%

$531,929 $531.9K

Cap Rate 9%

$413,722 $413.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,951 SF

Gross rent

$58.2K $11.76/SF

− Vacancy

−$5.0K −$1.02/SF

EGI

$53.2K $10.74/SF

− OpEx

−$16.0K −$3.22/SF

NOI

$37.2K $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 Rate 5%

$744,700

Cap Rate 7%

$531,929

Cap Rate 9%

$413,722

Alternative Uses

Best Use

Multifamily LT 5

$531.9K

$465.4K – $620.6K (±1% cap)

NOI $37,235 @ 7.0% cap · market cap 5.64%

Second Best

Apartment 5plus

$462.5K

$404.7K – $539.6K (±1% cap)

NOI $32,376 @ 7.0% cap · market cap 4.91%

Theoretical Best

Office A

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,534 @ 7.0% cap · market cap 14.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Skin Care Clinic Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

509

Businesses Nearby

Explore this area Business Placement

Demographics for 70363, LA

25,319

Population

10,449

Households

2.4

Avg Household Size

36

Median Age

8%

College-Educated

75%

High-School Grad

78.4 sq mi

ZIP Area

323

Density / Sq Mi

$44,828

Median Household Income

$33,176

Median Earnings

$1,054

Median Rent

$143,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four furnished residences feature complete appliances, two-level layouts, and individual laundry areas.

Where is this quadplex located?

The property is located at 151 Dixie Houma, LA.

What is the asking price?

The asking price for this property is $659,900.

What are key features of this property?

This property features: 4,951‑square‑foot quadplex with townhouse‑style layouts; Each unit includes 2 bedrooms, 1 full bathroom, and an oversized walk‑in closet; Furnished interiors with appliances included; furniture was newly purchased this year