Two-Unit Duplex with New
For Sale
$310,000
Pending
158-160 Beech St, Covington, LA 70443
Two residential units combine private outdoor areas, laundry, and durable tile finishes.
Property Size2,250 SF
Days on Market61
Property Features for 158-160 Beech St
General Information
Standard status
Pending
Size
2,250 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
Nola Living Realty
(504) 301-9757
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 21
Changed: Oct 19
Last Checked: Oct 19 at 7:04AM
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 Nola Living Realty
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Investment Insights
Based on property information with market context.
This duplex at 158-160 Beech St in Covington, Louisiana, contains two residential units totaling 2,250 square feet. The configuration includes one two-bedroom, one-and-a-half-bath unit and a second three-bedroom, two-bath unit, which is currently leased. A roof replacement was completed in April 2024.
Both units feature private fenced backyards with patios, in-unit laundry, and tile flooring designed for straightforward upkeep. The property also includes a front porch, adding an outdoor feature to the residential layout.
Both units feature private fenced backyards with patios, in-unit laundry, and tile flooring designed for straightforward upkeep. The property also includes a front porch, adding an outdoor feature to the residential layout.
Key Highlights
- Two‑unit duplex totaling 2,250 square feet
- Unit mix includes 2 bedrooms and 1.5 bathrooms, plus 3 bedrooms and 2 bathrooms
- 3‑bedroom, 2‑bathroom unit is currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,922
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,440
$338.4K
Cap Rate 7%
$241,743
$241.7K
Cap Rate 9%
$188,022
$188.0K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$26.5K $11.76/SF
− Vacancy
−$2.3K −$1.02/SF
EGI
$24.2K $10.74/SF
− OpEx
−$7.3K −$3.22/SF
NOI
$16.9K $7.52/SF
Area
Tangipahoa 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%
$338,440
Cap Rate 7%
$241,743
Cap Rate 9%
$188,022
Alternative Uses
Best Use
Multifamily LT 5
$241.7K
$211.5K – $282.0K
NOI $16,922 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$210.2K
$183.9K – $245.2K
NOI $14,714 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$620.2K
$542.7K – $723.6K
NOI $43,417 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
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Business Placement
Demographics for 70443, LA
10,229
Population
3,321
Households
3.1
Avg Household Size
38
Median Age
18%
College-Educated
74%
High-School Grad
76.2 sq mi
ZIP Area
134
Density / Sq Mi
$59,333
Median Household Income
$36,242
Median Earnings
$953
Median Rent
$145,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine private outdoor areas, laundry, and durable tile finishes.
Where is this duplex located?
The property is located at 158-160 Beech St Covington, LA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,250 square feet; Unit mix includes 2 bedrooms and 1.5 bathrooms, plus 3 bedrooms and 2 bathrooms; 3‑bedroom, 2‑bathroom unit is currently leased
