18-Unit Duplex Apartment
For Sale
$1,900,000
2212 N Malcolm St, Lake Charles, LA 70601
Single-story all-brick buildings feature individually metered units and modern building systems.
Property Size15,930 SF
Price / SF$119.27
Days on Market87
Property Features for 2212 N Malcolm St
General Information
Standard status
Active
Size
15,930 SF
Elevators
No
Property subtype
Multifamily
Zoning
B
Units
Unit Mix
18 x 2BR/1BA
Multifamily Units
18
Additional Details
Highway Access
Yes
Amenities
Power
Water
Sewer
Building Details
Year Built
2018
Buildings
9
Stories
1
Construction
all-brick
Listing Agency:
NAI Rampart Commercial Real Estate Lake Charles
Listed By:
Joel Davidson, CCIM
(337) 529-6710
Source:
Lacdb.resimplifi
Added: Jul 23
Changed: Oct 10
Last Checked: Oct 16 at 5:53AM
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 NAI Rampart Commercial Real Estate Lake Charles
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Investment Insights
Based on property information with market context.
This apartment portfolio comprises nine single-story duplex buildings with 18 two-bedroom, one-bathroom units totaling 15,930 square feet. Each unit measures approximately 885 square feet. Completed in 2018, the property uses all-brick construction, modern building systems, and smart locks. Approximately 90% of the units have received interior paint updates during tenant turnover, and the buildings avoid shared hallways, stairwells, and elevators.
Units are individually metered, with tenants responsible for their own utilities. Professional management systems and operating procedures are in place. The property is zoned B and located at 2212 N Malcolm St in Lake Charles, Louisiana, in North Lake Charles near petrochemical, LNG, refining, healthcare, industrial, and retail employment centers. Interstate 10 and U.S. Highway 90 provide convenient regional access.
Units are individually metered, with tenants responsible for their own utilities. Professional management systems and operating procedures are in place. The property is zoned B and located at 2212 N Malcolm St in Lake Charles, Louisiana, in North Lake Charles near petrochemical, LNG, refining, healthcare, industrial, and retail employment centers. Interstate 10 and U.S. Highway 90 provide convenient regional access.
Key Highlights
- 18 two‑bedroom, one‑bathroom units across nine duplex buildings
- 15,930 square feet with approximately 885 square feet per unit
- Built in 2018 with all‑brick construction and modern building systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,210
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,200
$2.1M
Cap Rate 7%
$1,503,000
$1.5M
Cap Rate 9%
$1,169,000
$1.2M
Market Conditions
NOI Build-Up for 15,930 SF
Gross rent
$162.5K $10.20/SF
− Vacancy
−$12.2K −$0.77/SF
EGI
$150.3K $9.44/SF
− OpEx
−$45.1K −$2.83/SF
NOI
$105.2K $6.60/SF
Area
Calcasieu County, LA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,200
Cap Rate 7%
$1,503,000
Cap Rate 9%
$1,169,000
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.32M – $1.75M
NOI $105,210 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,089 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$3.43M
$3.00M – $4.01M
NOI $240,360 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 70601, LA
34,571
Population
16,811
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
16.1 sq mi
ZIP Area
2,147
Density / Sq Mi
$49,545
Median Household Income
$34,044
Median Earnings
$938
Median Rent
$164,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Single-story all-brick buildings feature individually metered units and modern building systems.
Where is this apartment building located?
The property is located at 2212 N Malcolm St Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 18 two‑bedroom, one‑bathroom units across nine duplex buildings; 15,930 square feet with approximately 885 square feet per unit; Built in 2018 with all‑brick construction and modern building systems
