Renovated Triplex with Shared
For Sale
$215,000
156-158 4TH Street, Bridge City, LA 70094
Fully occupied three-unit property with separate rear apartment, resident laundry access, and included kitchen appliances.
Property Size1,638 SF
Days on Market28
Property Features for 156-158 4TH Street
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Duplex
Building Details
Building Size
1,638 SF
Year Built
1968
Listing Agency:
Axis Realty Group LLC
(504) 202-0354
Listed By:
Nicole Marullo · License #995703593
Source:
Ewbank.kw
Added: Aug 3
Changed: Aug 29
Last Checked: Aug 30 at 1:20PM
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 Axis Realty Group LLC
Investment Insights
Based on property information with market context.
This fully occupied triplex contains approximately 1,638 total living square feet arranged as a front duplex and a detached rear apartment. The units were renovated in 2018–2019, and the property received a new roof in 2021. Each residence is equipped with a refrigerator and range/oven, while a shared laundry room serves the tenants.
The property is located at 156-158 4TH Street in Bridge City, Louisiana, and carries R-2 zoning. It is also identified within Flood Zone X500. Electric, gas, and water are currently paid by the owner, providing a clearly defined operating arrangement for the existing occupancy.
The property is located at 156-158 4TH Street in Bridge City, Louisiana, and carries R-2 zoning. It is also identified within Flood Zone X500. Electric, gas, and water are currently paid by the owner, providing a clearly defined operating arrangement for the existing occupancy.
Key Highlights
- Fully occupied triplex with a front duplex and separate rear apartment
- Approximately 1,638 total living sq. ft.
- Renovated in 2018–2019
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
$17,976
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
8.36%
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%
$359,520
$359.5K
Cap Rate 7%
$256,800
$256.8K
Cap Rate 9%
$199,733
$199.7K
Market Conditions
NOI Build-Up for 1,638 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
$28.1K $17.16/SF
− Vacancy
−$2.4K −$1.48/SF
EGI
$25.7K $15.68/SF
− OpEx
−$7.7K −$4.70/SF
NOI
$18.0K $10.97/SF
Area
Jefferson County, LA
Vacancy
8.64%
Lease Rate
$17.16 /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%
$359,520
Cap Rate 7%
$256,800
Cap Rate 9%
$199,733
Alternative Uses
Best Use
Multifamily LT 5
$256.8K
$224.7K – $299.6K
NOI $17,976 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$240.1K
$210.1K – $280.1K
NOI $16,804 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$432.2K
$378.1K – $504.2K
NOI $30,251 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 70094, LA
30,638
Population
13,683
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
79%
High-School Grad
36.2 sq mi
ZIP Area
846
Density / Sq Mi
$52,657
Median Household Income
$36,079
Median Earnings
$1,172
Median Rent
$154,600
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?
Triplex - Fully occupied three-unit property with separate rear apartment, resident laundry access, and included kitchen appliances.
Where is this triplex located?
The property is located at 156-158 4TH Street Bridge City, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Fully occupied triplex with a front duplex and separate rear apartment; Approximately 1,638 total living sq. ft.; Renovated in 2018–2019
