Two-Home Residential Income
For Sale
$215,000
204 Cenac Street, Houma, LA 70364
Two completely detached homes on one lot, each maintained, with off-street parking and two storage sheds.
Property Size2,104 SF
Price / SF$102.19
Days on Market33
Property Features for 204 Cenac Street
General Information
Standard status
Active
Size
2,104 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
storage sheds
balcony
Listing Agency:
Canal & Main Realty
(985) 852-1137
Listed By:
Shantelle Abshire · License #0995699245
(985) 852-1137
Source:
Compass
Added: Jul 1
Changed: Jul 22
Last Checked: Aug 2 at 1:28PM
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
Investment Insights
Based on property information with market context.
This residential income property consists of two completely detached homes on one spacious lot. The front home features three bedrooms and one bathroom. A two-story back home includes two bedrooms and two bathrooms, along with a spacious loft area and a private upstairs balcony.
Both homes are described as well maintained and have a history of steady rental income under the previous owners. The property also includes two storage sheds and plenty of off-street parking.
With two separate detached residences, the configuration supports an owner-occupant or investor approach while providing practical on-site storage and parking for tenants.
Both homes are described as well maintained and have a history of steady rental income under the previous owners. The property also includes two storage sheds and plenty of off-street parking.
With two separate detached residences, the configuration supports an owner-occupant or investor approach while providing practical on-site storage and parking for tenants.
Key Highlights
- Two completely detached homes on one lot, each maintained, with off‑street parking
- Front house: 3 bedrooms and 1 full bathroom
- Back house: 2 bedrooms and 2 full bathrooms, plus a spacious loft and private upstairs balcony
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.7k | $11.76 |
| − Vacancy | −$2.1k | −$1.02 |
| EGI | $22.6k | $10.74 |
| − OpEx | −$6.8k | −$3.22 |
| NOI | $15.8k | $7.52 |
2,104 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
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
Current Use
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 completely detached homes on one lot, each maintained, with off-street parking and two storage sheds.
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: Two completely detached homes on one lot, each maintained, with off‑street parking; Front house: 3 bedrooms and 1 full bathroom; Back house: 2 bedrooms and 2 full bathrooms, plus a spacious loft and private upstairs balcony
