Renovated Apartment
For Sale
$1,500,000
1602 Moss St, Lake Charles, LA 70601
Two-story multifamily property with updated building systems, varied unit layouts, onsite laundry, and dedicated parking.
Property Size23,180 SF
Price / SF$64.71
Days on Market59
Property Features for 1602 Moss St
General Information
Standard status
Active
Size
23,180 SF
Total Parking Spaces
26
Property subtype
Multifamily
Zoning
N
Units
Unit Mix
14 x 2BR, 5 x 1BR, 1 x 3BR, 1 x efficiency
Multifamily Units
21
Amenities
onsite laundry
Building Details
Stories
2
Listing Agency:
Century 21 Bessette Flavin
Listed By:
JoAnn Fisette · License #995685685
(337) 478-2185
Source:
Lacdb.resimplifi
Added: Sep 1
Changed: Oct 26
Last Checked: Oct 28 at 4:37AM
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 Century 21 Bessette Flavin
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 21-unit apartment building is arranged across two stories and includes a mix of 14 two-bedroom units, 5 one-bedroom units, 1 three-bedroom unit, and 1 efficiency. Property improvements include Hardie siding, exterior paint, windows, doors, HVAC systems, and renovations to select units. A roof replacement was completed in 2020.
The complex includes an onsite laundry facility and 26 parking spaces. It is located at 1602 Moss Street in Lake Charles, Louisiana, within the Downtown Lake Charles area.
The complex includes an onsite laundry facility and 26 parking spaces. It is located at 1602 Moss Street in Lake Charles, Louisiana, within the Downtown Lake Charles area.
Key Highlights
- 21‑unit, two‑story apartment complex
- Unit mix includes 14 two‑bedroom, 5 one‑bedroom, 1 three‑bedroom, and 1 efficiency unit
- Roof installed in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,456
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,709,120
$2.7M
Cap Rate 7%
$1,935,086
$1.9M
Cap Rate 9%
$1,505,067
$1.5M
Market Conditions
NOI Build-Up for 23,180 SF
Gross rent
$264.3K $11.40/SF
− Vacancy
−$18.0K −$0.78/SF
EGI
$246.3K $10.62/SF
− OpEx
−$110.8K −$4.78/SF
NOI
$135.5K $5.84/SF
Area
Calcasieu County, LA
Vacancy
6.80%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,709,120
Cap Rate 7%
$1,935,086
Cap Rate 9%
$1,505,067
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.69M – $2.26M
NOI $135,456 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.00M
$4.37M – $5.83M
NOI $349,751 @ 7.0% cap · market cap 23.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
Explore this area
Business Placement
Demographics for 70601, LA
34,571
Population
16,811
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
16.1 sq mi
ZIP Area
2,147
Density / Sq Mi
$49,545
Median Household Income
$34,044
Median Earnings
$938
Median Rent
$164,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with updated building systems, varied unit layouts, onsite laundry, and dedicated parking.
Where is this apartment building located?
The property is located at 1602 Moss St Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 21‑unit, two‑story apartment complex; Unit mix includes 14 two‑bedroom, 5 one‑bedroom, 1 three‑bedroom, and 1 efficiency unit; Roof installed in 2020
