205 Neptune Street Morgan City, LA 70380
MULTI_FAMILY - Morgan City, LA
- Added:
- Feb 18, 2026
- Days on Market:
- 143
- Last Refresh:
- Jul 11 at 9:06 pm
Property Features for 205 Neptune Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Laundry Room
- Parking
- 6
- Patio and Porch features
- Porch
- Interior features
- High Speed Internet, Electric Stove Con., Walk-In Closet(s)
- Appliances
- Washer/Dryer All, Microwave, Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 3,072 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- LOT POR NO 11-J CLARKE BAYOU VISTA SUBD SITUATED SEC 14 T16S R12E ACQ 294 318895
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Wall Furnace
- Cooling system
- Window Unit(s), Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Tile
- Building materials
- Vinyl Siding, Frame
- Roof type
- Shingle
Listing agent Ryan Lipari (985) 759-0333
Listing office ASSOCIATES OF PREFERRED REALTY 1234 David Drive Suite 204, Morgan City, LA (985) 399-1414
Listing date Feb 18, 2026
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.
The property is located at 205 Neptune Street in Morgan City, Louisiana, in St. Mary Parish. Current rent is $700 for two units and $650 for the other two units.
The lot size is approximately 0.24 acres, and the seller notes the lot is deep enough to add a duplex behind the four-plex; all measurements and flood zone should be verified by the buyer.
Key Highlights
- Four‑plex, two‑story building with 4 units total; each unit features 2 bedrooms and 1 bath.
- Downstairs units offer 720 SF each; upstairs units offer 816 SF each, with layouts including kitchen and living room.
- Current collected rent totals $700 for two units and $650 for the other two units; tenants pay their own utilities.
Local 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 | $27.6k | $9.00 |
| − Vacancy | −$2.1k | −$0.68 |
| EGI | $25.6k | $8.33 |
| − OpEx | −$7.7k | −$2.50 |
| NOI | $17.9k | $5.83 |
