Duplex With Private
For Sale
$255,000
210 /212 Mckinley St, Houma, LA 70364
Both residences are occupied and provide enclosed parking, storage, and individual utility responsibility.
Property Size2,780 SF
Price / SF$91.73
Days on Market61
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
Building Details
Buildings
1
Listing Agency:
Beautiful Day Realty, LLC
Listed By:
Karly Rodrigue · License #995709762
(985) 870-0790
Source:
Smithsquared
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 7 at 4:16PM
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 Beautiful Day Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,780-square-foot duplex includes two currently occupied residences, each with its own enclosed garage and storage area. The property sits on more than half an acre and includes a screened patio or sunroom positioned toward the rear greenery. Gas water heaters, furnaces, and stoves serve the units, while HVAC systems and the roof were replaced after Ida.
Tenants are responsible for their respective utilities. The property also offers additional room for expansion, subject to applicable requirements. A 48-hour notice is required for showings.
Tenants are responsible for their respective utilities. The property also offers additional room for expansion, subject to applicable requirements. A 48-hour notice is required for showings.
Key Highlights
- 2,780 SF duplex with both units currently occupied
- More than half an acre with room to expand
- Each unit includes an enclosed garage and storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,908
Cap Rate
8.20%
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 8.20%
Second Best
Apartment 5plus
$259.7K
$227.2K – $303.0K
NOI $18,179 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$766.3K
$670.5K – $894.1K
NOI $53,643 @ 7.0% cap · market cap 21.04%
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
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 - Both residences are occupied and provide enclosed parking, storage, and individual utility responsibility.
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 $255,000.
What are key features of this property?
This property features: 2,780 SF duplex with both units currently occupied; More than half an acre with room to expand; Each unit includes an enclosed garage and storage area
