Occupied Duplex with
For Sale
$245,000
210/212 Mckinley St, Houma, LA 70364
Two occupied units include private enclosed garages, storage areas, and access to a screened rear patio or sunroom.
Property Size2,780 SF
Price / SF$88.13
Days on Market63
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Property Features for 210/212 Mckinley St
General Information
Standard status
Active
Size
2,780 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
screened patio/sunroom
garage
storage
Building Details
Tenancy
Multi
Listing Agency:
Fathom Realty La, LLC
Listed By:
Borne2Sell Realty
(225) 937-0900
Source:
Borne2sell
Added: Aug 14
Changed: Oct 15
Last Checked: Oct 14 at 11:08PM
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 Fathom Realty La, LLC
Investment Insights
Based on property information with market context.
This duplex contains 2,780 square feet with both units currently occupied. Each residence includes an enclosed garage and separate storage, while a screened patio or sunroom provides access to the rear setting. Gas water heaters, furnaces, and stoves serve the units, and the HVAC systems and roof were replaced after Ida.
The property sits on over half an acre at 210/212 McKinley St in Houma, Louisiana. Ample parking is provided for the units, and tenants are responsible for their own utilities. The property information also states that no flood insurance is required.
The property sits on over half an acre at 210/212 McKinley St in Houma, Louisiana. Ample parking is provided for the units, and tenants are responsible for their own utilities. The property information also states that no flood insurance is required.
Key Highlights
- 2,780‑square‑foot duplex on over half an acre
- Both units currently occupied
- Each unit has an enclosed garage and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,908
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,160
$418.2K
Cap Rate 7%
$298,686
$298.7K
Cap Rate 9%
$232,311
$232.3K
Market Conditions
NOI Build-Up for 2,780 SF
Gross rent
$32.7K $11.76/SF
− Vacancy
−$2.8K −$1.02/SF
EGI
$29.9K $10.74/SF
− OpEx
−$9.0K −$3.22/SF
NOI
$20.9K $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%
$418,160
Cap Rate 7%
$298,686
Cap Rate 9%
$232,311
Alternative Uses
Best Use
Multifamily LT 5
$298.7K
$261.4K – $348.5K
NOI $20,908 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$259.7K
$227.2K – $303.0K
NOI $18,179 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$766.3K
$670.5K – $894.1K
NOI $53,643 @ 7.0% cap · market cap 21.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,165
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
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units include private enclosed garages, storage areas, and access to a screened rear patio or sunroom.
Where is this duplex located?
The property is located at 210/212 Mckinley St Houma, LA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,780‑square‑foot duplex on over half an acre; Both units currently occupied; Each unit has an enclosed garage and storage
