Duplex with Two
For Sale
$205,000
2002 Deborah Street, Houma, LA 70360
Rented duplex with a three-bedroom front unit and a two-bedroom rear unit across three lots.
Property Size2,054 SF
Price / SF$99.81
Days on Market67
Property Features for 2002 Deborah Street
General Information
Standard status
Active
Size
2,054 SF
Property subtype
Residential Income
Listing Agency:
Beautiful Day Realty, LLC
Listed By:
Karly Rodrigue · License #995709762
(985) 870-0790
Source:
Exprealty
Added: Aug 13
Changed: Oct 2
Last Checked: Oct 16 at 9:39AM
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 Beautiful Day Realty, LLC
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 duplex is currently rented and configured as two residential units. The front residence has three bedrooms and two bathrooms, while the rear residence is a two-story layout with two bedrooms and two bathrooms.
The property occupies three lots at 2002 Deborah Street in Houma, Louisiana. The site includes a large yard, providing outdoor area associated with the residential configuration.
The property occupies three lots at 2002 Deborah Street in Houma, Louisiana. The site includes a large yard, providing outdoor area associated with the residential configuration.
Key Highlights
- Currently used as a rented duplex
- Front unit offers 3 bedrooms and 2 bathrooms
- Rear unit is a 2‑story, 2‑bedroom, 2‑bath layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,448
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,960
$309.0K
Cap Rate 7%
$220,686
$220.7K
Cap Rate 9%
$171,644
$171.6K
Market Conditions
NOI Build-Up for 2,054 SF
Gross rent
$24.2K $11.76/SF
− Vacancy
−$2.1K −$1.02/SF
EGI
$22.1K $10.74/SF
− OpEx
−$6.6K −$3.22/SF
NOI
$15.4K $7.52/SF
Area
Terrebonne County, LA
Vacancy
8.64%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,960
Cap Rate 7%
$220,686
Cap Rate 9%
$171,644
Alternative Uses
Best Use
Multifamily LT 5
$220.7K
$193.1K – $257.5K
NOI $15,448 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$191.9K
$167.9K – $223.9K
NOI $13,432 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$566.2K
$495.4K – $660.6K
NOI $39,634 @ 7.0% cap · market cap 19.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 70360, LA
28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
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?
Duplex - Rented duplex with a three-bedroom front unit and a two-bedroom rear unit across three lots.
Where is this duplex located?
The property is located at 2002 Deborah Street Houma, LA.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Currently used as a rented duplex; Front unit offers 3 bedrooms and 2 bathrooms; Rear unit is a 2‑story, 2‑bedroom, 2‑bath layout
