Modern Fourplex in Houma,
151 Dixie Houma, LA 70363
151 Dixie, Houma, LA, 70363
$659,900
For Sale
$659,900
MULTI_FAMILY - Houma, LA
Property Size4,951 SF
Lot Size0.34 Acres
Price / SF$133.29
Days on Market292
Property Features for 151 Dixie
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Laundry Room
- Parking
- 8
- Parking features
- Parking Lot
- Patio and Porch features
- Patio
- Interior features
- Electric Stove Con., Walk-In Closet(s)
- Appliances
- Washer/Dryer All, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Self Cleaning Oven
- Standard status
- Active
- Size
- 4,951 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- LOT 18 BLK 1 BARROW SUBDIVISION
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Wood, Tile - Ceramic
- Building materials
- Brick Siding, Vinyl Siding, Brick
- Roof type
- Shingle
Listing Agency
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
6273 W Park Avenue, Houma, LA
Listed by
Molly Usie · License #37498
(985) 855-2945
Added: Sep 29, 2025 Checked: Jul 17 at 1:06 am
MLS# 2025018046
Listing URL
Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This modern townhouse-style fourplex presents an exceptional income-producing opportunity, offering both long-term rental stability and short-term flexibility. Currently listed on Airbnb, with financials available for review by qualified investors, this property is a turnkey choice for those looking to expand their portfolio. Constructed 10 years ago, the building is in excellent condition and comes fully furnished, complete with all appliances and newly purchased furniture. Each unit features two bedrooms and a full bathroom upstairs, including an oversized walk-in closet. The main level includes an eat-in kitchen with granite countertops, stainless steel appliances, wood and ceramic tile flooring, a half bath, laundry nook, and spacious pantry. Additional upgrades include ceiling fans and undermount sinks. The property has total electric systems. Situated just off Grand Caillou Road, the building is surrounded by a mix of residential and neighborhood-style commercial properties. The property is located in Houma, LA, within Terrebonne County. The lot size is 0.34 acres and the property size is 4951 square feet. The property is located in Flood Zone X.
Key Highlights
- Modern townhouse‑style fourplex built about 10 years ago, currently listed on Airbnb (financials available for qualified investors)
- Each unit offers 2 bedrooms and 1 full bath upstairs, plus an oversized walk‑in closet
- In‑unit layout includes eat‑in kitchen with granite countertops, stainless steel appliances, wood and ceramic tile flooring
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.2k | $11.76 |
| − Vacancy | −$5.0k | −$1.02 |
| EGI | $53.2k | $10.74 |
| − OpEx | −$16.0k | −$3.22 |
| NOI | $37.2k | $7.52 |
4,951 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Income-producing fourplex with Airbnb potential, fully furnished and upgraded.
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: Modern townhouse‑style fourplex built about 10 years ago, currently listed on Airbnb (financials available for qualified investors); Each unit offers 2 bedrooms and 1 full bath upstairs, plus an oversized walk‑in closet; In‑unit layout includes eat‑in kitchen with granite countertops, stainless steel appliances, wood and ceramic tile flooring
