Leased Triplex with Private
For Sale
$264,900
Pending
1851 Fox Run Drive, Lake Charles, LA 70605
Three-unit triplex is fully leased and features private fenced patios for select units.
Property Size2,730 SF
Days on Market99
Property Features for 1851 Fox Run Drive
General Information
Standard status
Pending
Size
2,730 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Compass-LC
Listed By:
Felicia Navarre · License #FSTRAUSS
(337) 419-5713
Source:
Castlere
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 28 at 5:11AM
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 Compass-LC
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Investment Insights
Based on property information with market context.
This triplex includes three residential units with a mix of two- and one-bedroom layouts. Unit 1 offers two bedrooms and two bathrooms with a private fenced patio. Unit 2 features two bedrooms and 1.5 bathrooms and is arranged in a two-level layout. Unit 3 provides one bedroom and one bathroom and also includes a private fenced patio. The property is described as well-maintained with moderate updates throughout, and all three units are currently leased.
The property is located at 1851 Fox Run Drive in South Lake Charles and includes a shared parking lot. The public remarks note the triplex sits close to grocery stores, restaurants, shopping, and everyday amenities.
The rent roll and pro forma are available upon request, and all measurements are stated as more or less.
The property is located at 1851 Fox Run Drive in South Lake Charles and includes a shared parking lot. The public remarks note the triplex sits close to grocery stores, restaurants, shopping, and everyday amenities.
The rent roll and pro forma are available upon request, and all measurements are stated as more or less.
Key Highlights
- 1980‑built 3‑unit triplex with all three units currently leased
- Gross annual rents of $35,700 with unit‑level monthly rents of $1,100, $1,075, and $800
- Unit mix: two 2‑bed units (2/2 bath and 2/1.5 bath) plus one 1‑bed/1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,030
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,600
$360.6K
Cap Rate 7%
$257,571
$257.6K
Cap Rate 9%
$200,333
$200.3K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$27.8K $10.20/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$25.8K $9.44/SF
− OpEx
−$7.7K −$2.83/SF
NOI
$18.0K $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%
$360,600
Cap Rate 7%
$257,571
Cap Rate 9%
$200,333
Alternative Uses
Best Use
Multifamily LT 5
$257.6K
$225.4K – $300.5K
NOI $18,030 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$227.9K
$199.4K – $265.9K
NOI $15,953 @ 7.0% cap · market cap 6.02%
Theoretical Best
Specialty Retail
$588.5K
$514.9K – $686.5K
NOI $41,192 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex is fully leased and features private fenced patios for select units.
Where is this triplex located?
The property is located at 1851 Fox Run Drive Lake Charles, LA.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 1980‑built 3‑unit triplex with all three units currently leased; Gross annual rents of $35,700 with unit‑level monthly rents of $1,100, $1,075, and $800; Unit mix: two 2‑bed units (2/2 bath and 2/1.5 bath) plus one 1‑bed/1‑bath unit
