Detached Duplex With
For Sale
$215,000
204 Cenac St, Houma, LA 70364
Two separate residences share one lot with storage buildings and off-street parking.
Property Size2,104 SF
Price / SF$102.19
Days on Market47
Property Features for 204 Cenac St
General Information
Standard status
Active
Size
2,104 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
storage sheds
off-street parking
private upstairs balcony
Building Details
Buildings
2
Listing Agency:
Canal & Main Realty
Listed By:
Shantelle Abshire · License #995699245
(985) 262-4400
Source:
Smithsquared
Added: Sep 5
Changed: Oct 17
Last Checked: Oct 21 at 1:59AM
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 Canal & Main Realty
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Investment Insights
Based on property information with market context.
This duplex property at 204 Cenac St. comprises two detached residences totaling 2,104 square feet. The front home provides three bedrooms and one bathroom, while the two-story rear home includes two bedrooms, two bathrooms, a loft, and an upstairs balcony. Two storage sheds add additional utility to the property, and off-street parking is available on the lot.
The property is situated in downtown Houma, placing both residences near the area’s downtown amenities. Its separate-home layout offers distinct living spaces within a single residential property, with the rear residence adding a loft and private upper-level outdoor space.
The property is situated in downtown Houma, placing both residences near the area’s downtown amenities. Its separate-home layout offers distinct living spaces within a single residential property, with the rear residence adding a loft and private upper-level outdoor space.
Key Highlights
- Two detached residences on one lot
- 2,104 square feet total
- Front home with 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,824
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,480
$316.5K
Cap Rate 7%
$226,057
$226.1K
Cap Rate 9%
$175,822
$175.8K
Market Conditions
NOI Build-Up for 2,104 SF
Gross rent
$24.7K $11.76/SF
− Vacancy
−$2.1K −$1.02/SF
EGI
$22.6K $10.74/SF
− OpEx
−$6.8K −$3.22/SF
NOI
$15.8K $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%
$316,480
Cap Rate 7%
$226,057
Cap Rate 9%
$175,822
Alternative Uses
Best Use
Multifamily LT 5
$226.1K
$197.8K – $263.7K
NOI $15,824 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$196.6K
$172.0K – $229.3K
NOI $13,759 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$580.0K
$507.5K – $676.7K
NOI $40,599 @ 7.0% cap · market cap 18.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
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Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share one lot with storage buildings and off-street parking.
Where is this duplex located?
The property is located at 204 Cenac St Houma, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two detached residences on one lot; 2,104 square feet total; Front home with 3 bedrooms and 1 bathroom
