Furnished Townhouse-Style
For Sale
$659,900
151 Dixie, Houma, LA 70363
Four furnished residences feature complete appliances, two-level layouts, and individual laundry areas.
Property Size4,951 SF
Price / SF$133.29
Days on Market38
Property Features for 151 Dixie
General Information
Standard status
Active
Size
4,951 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Furnished
Yes
Amenities
ceiling fans
undermount sinks
laundry nook
granite countertops
stainless steel appliances
Building Details
Buildings
1
Construction
townhouse-style
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 855-2945
Listed By:
Molly Usie · License #912122266
Source:
Smithsquared
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 30 at 8:02PM
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.
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 = 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
$37,235
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
5.64%
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%
$744,700
$744.7K
Cap Rate 7%
$531,929
$531.9K
Cap Rate 9%
$413,722
$413.7K
Market Conditions
NOI Build-Up for 4,951 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
$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 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%
$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
NOI $37,235 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$462.5K
$404.7K – $539.6K
NOI $32,376 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,534 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
