Detached Duplex with
For Sale
$215,000
204 Cenac Street, Houma, LA 70364
Residential Income, Houma, LA
Property Size2,104 SF
Lot Size0.12 Acres
Price / SF$102.19
Days on Market63
Property Features for 204 Cenac Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Patio and Porch features
Porch
Appliances
Electric Cooktop, Gas Cooktop
Subdivision
Aubin Guidry
Elementary school district
Terrebonne Parish
Middle school district
Terrebonne Parish
High school district
Terrebonne Parish
Standard status
Active
Size
2,104 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
LOT 11 CENAC STREET AUBIN GUIDRYSUBDIVISION. CB 2034/44.
Legal Description
LOT 11 CENAC STREET AUBIN GUIDRYSUBDIVISION. CB 2034/44.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
storage sheds
balcony
Building Details
Flooring type
Tile
Building materials
Vinyl Siding, Frame
Roof type
Shingle, Metal
Listing Agency:
Canal & Main Realty
(985) 868-5230
Listed By:
Shantelle Abshire · License #0995699245
(985) 852-1137
Added: Jul 2
Changed: Aug 19
Last Checked: Sep 2 at 6:06PM
MLS# 2026012164
Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property contains 2,104 square feet across two detached residences on one 0.124-acre parcel. The front home offers three bedrooms and one bathroom, while the two-story rear residence includes two bedrooms, two bathrooms, a loft, and an upstairs balcony. Two storage sheds and off-street parking add practical utility to the site.
The property is located in Houma, with downtown amenities a short drive away. Improvements include vinyl siding and frame construction, tile flooring, central heating and central air, public water, public sewer, and a combination of shingle and metal roofing. A porch and separate outdoor areas further distinguish the two-home layout.
The property is located in Houma, with downtown amenities a short drive away. Improvements include vinyl siding and frame construction, tile flooring, central heating and central air, public water, public sewer, and a combination of shingle and metal roofing. A porch and separate outdoor areas further distinguish the two-home layout.
Key Highlights
- 2,104 SF duplex on a 0.124‑acre lot
- Two detached residences on one parcel
- Front home has 3 bedrooms and 1 bathroom
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
$15,824
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
7.36%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a flexible residential income configuration on a 0.124-acre lot.
Where is this duplex located?
The property is located at 204 Cenac Street 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: 2,104 SF duplex on a 0.124‑acre lot; Two detached residences on one parcel; Front home has 3 bedrooms and 1 bathroom
