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Building Details

Building Size 1,631 SF

Year Built 1968

Listing Agency: Axis Realty Group LLC

Listed By: Nicole Marullo · License #995703593 Show Phone

Source: Ewbank.kw

Added: Aug 3 Changed: Oct 15 Last Checked: Oct 14 at 7:52PM

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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 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.

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 / Yr

$17,899

Cap Rate

8.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$357,980 $358.0K

Cap Rate 7%

$255,700 $255.7K

Cap Rate 9%

$198,878 $198.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,631 SF

Gross rent

$28.0K $17.16/SF

− Vacancy

−$2.4K −$1.48/SF

EGI

$25.6K $15.68/SF

− OpEx

−$7.7K −$4.70/SF

NOI

$17.9K $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 Rate 5%

$357,980

Cap Rate 7%

$255,700

Cap Rate 9%

$198,878

Alternative Uses

Best Use

Multifamily LT 5

$255.7K

$223.7K – $298.3K (±1% cap)

NOI $17,899 @ 7.0% cap · market cap 8.52%

Second Best

Apartment 5plus

$239.0K

$209.2K – $278.9K (±1% cap)

NOI $16,732 @ 7.0% cap · market cap 7.97%

Theoretical Best

Office A

$430.3K

$376.5K – $502.0K (±1% cap)

NOI $30,121 @ 7.0% cap · market cap 14.34%

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

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Building Supply Electrical Service Plumbing Service Grocery & Convenience Store

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

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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 $210,000.

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