Brick Two-Unit
For Sale
$85,000
273 Brooklyn Avenue, Houma, LA 70364
Each residence offers one bedroom, one bath, individual metering, and kitchen appliances.
Property Size1,000 SF
Price / SF$85
Days on Market1294
Property Features for 273 Brooklyn Avenue
General Information
Standard status
Active
Size
1,000 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
Window Unit(s)
Space Heater
Other
Electric Cooktop, Range/Oven, Refrigerator
2
Individual Meter
Slab: Traditional
Brick
Listing Agency:
1 Percent Lists United
Listed By:
Michele Palmer · License #995703247
(985) 209-6063
Source:
Compass
Added: Apr 5, 2023
Changed: Oct 16
Last Checked: Oct 19 at 8:28AM
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 1 Percent Lists United
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Investment Insights
Based on property information with market context.
This brick duplex contains two one-bedroom, one-bath residences within a 1,000-square-foot property. Each unit includes a window unit, space heater, electric cooktop, range/oven, and refrigerator. Individual metering serves the units, and the building rests on a traditional slab foundation.
Located at 273 Brooklyn Avenue in Houma, the property is directly next to a park. The two-unit layout and separate residential accommodations provide a straightforward multifamily configuration for an owner or investor.
Located at 273 Brooklyn Avenue in Houma, the property is directly next to a park. The two-unit layout and separate residential accommodations provide a straightforward multifamily configuration for an owner or investor.
Key Highlights
- Two‑unit duplex with one bedroom and one bath per residence
- 1,000‑square‑foot property in Houma, LA
- Individual metering for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,521
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,420
$150.4K
Cap Rate 7%
$107,443
$107.4K
Cap Rate 9%
$83,567
$83.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$11.8K $11.76/SF
− Vacancy
−$1.0K −$1.02/SF
EGI
$10.7K $10.74/SF
− OpEx
−$3.2K −$3.22/SF
NOI
$7.5K $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%
$150,420
Cap Rate 7%
$107,443
Cap Rate 9%
$83,567
Alternative Uses
Best Use
Multifamily LT 5
$107.4K
$94.0K – $125.4K
NOI $7,521 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$93.4K
$81.7K – $109.0K
NOI $6,539 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$275.7K
$241.2K – $321.6K
NOI $19,296 @ 7.0% cap · market cap 22.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,052
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers one bedroom, one bath, individual metering, and kitchen appliances.
Where is this duplex located?
The property is located at 273 Brooklyn Avenue Houma, LA.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bath per residence; 1,000‑square‑foot property in Houma, LA; Individual metering for the units
