Building Details

Year Built 2024

Listing Agency: Century 21 Bono Realty

Listed By: Toni Alexander · License #995688203 Show Phone

Source: Athomerealtyla

Added: Aug 30 Changed: Oct 5 Last Checked: Oct 7 at 4:03PM

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Investment Insights

Based on property information with market context.

This 7,464-square-foot quadplex was completed in 2024 and contains four residential units. Each unit features four bedrooms, three bathrooms, high ceilings, and an attached double-car garage. Kitchens are equipped with a dishwasher, refrigerator, electric range, and microwave, while washer/dryer hookups support in-unit laundry installation.

Water and electricity are separately metered for each residence, with occupants responsible for their own utility service. The property is currently leased and sits at 1711 Bilbo St in Lake Charles, with downtown amenities, dining, shopping, and a city park located nearby.

Key Highlights

• Four‑unit quadplex completed in 2024
• 7,464 SF property with four residential units
• Each unit includes 4 bedrooms and 3 baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,296

Cap Rate

4.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$985,920 $985.9K

Cap Rate 7%

$704,229 $704.2K

Cap Rate 9%

$547,733 $547.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,464 SF

Gross rent

$76.1K $10.20/SF

− Vacancy

−$5.7K −$0.77/SF

EGI

$70.4K $9.44/SF

− OpEx

−$21.1K −$2.83/SF

NOI

$49.3K $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 Rate 5%

$985,920

Cap Rate 7%

$704,229

Cap Rate 9%

$547,733

Alternative Uses

Best Use

Multifamily LT 5

$704.2K

$616.2K – $821.6K (±1% cap)

NOI $49,296 @ 7.0% cap · market cap 4.40%

Second Best

Apartment 5plus

$623.1K

$545.2K – $727.0K (±1% cap)

NOI $43,617 @ 7.0% cap · market cap 3.89%

Theoretical Best

Specialty Retail

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,621 @ 7.0% cap · market cap 10.06%

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

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Acupuncture Butcher Grocery & Convenience Store Garden Center

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

Lease Details

4

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,014

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Each residence offers an attached garage, high ceilings, full appliance packages, and washer/dryer hookups.

Where is this quadplex located?

The property is located at 1711 Bilbo St Lake Charles, LA.

What is the asking price?

The asking price for this property is $1,120,000.

What are key features of this property?

This property features: Four‑unit quadplex completed in 2024; 7,464 SF property with four residential units; Each unit includes 4 bedrooms and 3 baths