Newly Built Four-Unit
New
For Sale
$1,120,000
1711 Bilbo St, Lake Charles, LA 70601
Each residence offers an attached garage, high ceilings, full appliance packages, and washer/dryer hookups.
Property Size7,464 SF
Price / SF$150.05
Days on Market4
Property Features for 1711 Bilbo St
General Information
Standard status
Active
Size
7,464 SF
Property subtype
Multi-Family
Financials
Gross Income
$84,000
Average Monthly Rent
$1,800
Units
Unit Mix
4 x 4BR/3BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2024
Listing Agency:
Century 21 Bono Realty
Listed By:
Toni Alexander · License #995688203
(337) 802-6630
Source:
Athomerealtyla
Added: Aug 30
Changed: Aug 31
Last Checked: Sep 1 at 9:44PM
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 Bono Realty
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.
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 = 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
$49,296
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
4.40%
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%
$985,920
$985.9K
Cap Rate 7%
$704,229
$704.2K
Cap Rate 9%
$547,733
$547.7K
Market Conditions
NOI Build-Up for 7,464 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
$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 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%
$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
NOI $49,296 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$623.1K
$545.2K – $727.0K
NOI $43,617 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,621 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
