Fourplex with Two-Bedroom
For Sale
$444,000
1708 Fox Run Dr Drive, Lake Charles, LA 70605
MULTI_FAMILY - Other - Lake Charles, LA
Property Size4,566 SF
Lot Size0.15 Acres
Price / SF$97.24
Days on Market45
Property Features for 1708 Fox Run Dr Drive
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Rooms
Laundry Room
Interior features
Balcony
Appliances
Electric Range
Subdivision
OAKCREEK SUB
Lot features
Irregular Lot, Paved
Directions
South on Nelson Rd., East on Fox Run Dr.
Standard status
Active
APN
00870307
Size
4,566 SF
Lot size
0.15 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Ingle Safari R · Coldwell Banker Real Estate
(337) 478-1601
Listed By:
Tyson Letlow · License #FA100080924
(337) 478-1601
Added: Jul 9
Changed: Jul 26
Last Checked: Aug 22 at 7:06AM
MLS# 4977
Copyright © 2026 Southwest Louisiana Association 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 income-producing fourplex offers four separate residential units. Each unit includes two bedrooms and 1.5 bathrooms, creating a consistent layout across the property. Current occupancy is partially leased, with three units renting for $800 per month and one unit renting for $900 per month.
The property is located in South Lake Charles at 1708 Fox Run Dr Drive, positioned conveniently off Nelson Road. It is described as being near schools, shopping, and dining.
With its repeat unit configuration and existing rental income from multiple units, this fourplex is positioned for an investor looking to add to a multi-family portfolio or for an owner seeking residential income in an established area.
The property is located in South Lake Charles at 1708 Fox Run Dr Drive, positioned conveniently off Nelson Road. It is described as being near schools, shopping, and dining.
With its repeat unit configuration and existing rental income from multiple units, this fourplex is positioned for an investor looking to add to a multi-family portfolio or for an owner seeking residential income in an established area.
Key Highlights
- Income‑producing 4‑plex in South Lake Charles, off Nelson Road near schools, shopping, and dining
- Four units total: each unit has 2 bedrooms and 1.5 bathrooms
- Current rents: three units at $800/month and one unit at $900/month
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
$30,156
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
6.79%
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%
$603,120
$603.1K
Cap Rate 7%
$430,800
$430.8K
Cap Rate 9%
$335,067
$335.1K
Market Conditions
NOI Build-Up for 4,566 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
$46.6K $10.20/SF
− Vacancy
−$3.5K −$0.77/SF
EGI
$43.1K $9.44/SF
− OpEx
−$12.9K −$2.83/SF
NOI
$30.2K $6.60/SF
Area
Calcasieu County, LA
Vacancy
7.50%
Lease Rate
$10.20 /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%
$603,120
Cap Rate 7%
$430,800
Cap Rate 9%
$335,067
Alternative Uses
Best Use
Multifamily LT 5
$430.8K
$377.0K – $502.6K
NOI $30,156 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$381.2K
$333.5K – $444.7K
NOI $26,682 @ 7.0% cap · market cap 6.01%
Theoretical Best
Specialty Retail
$984.2K
$861.2K – $1.15M
NOI $68,894 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 70605, LA
39,903
Population
17,926
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
97%
High-School Grad
43.0 sq mi
ZIP Area
928
Density / Sq Mi
$88,337
Median Household Income
$46,173
Median Earnings
$1,348
Median Rent
$293,800
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?
Quadplex - Income-producing 4-plex with four units, each offering two bedrooms and 1.5 bathrooms, with leases in place.
Where is this quadplex located?
The property is located at 1708 Fox Run Dr Drive Lake Charles, LA.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: Income‑producing 4‑plex in South Lake Charles, off Nelson Road near schools, shopping, and dining; Four units total: each unit has 2 bedrooms and 1.5 bathrooms; Current rents: three units at $800/month and one unit at $900/month
