2906 2Nd Ave Avenue, Lake Charles, LA 70601
Eight fully occupied 1-bedroom, 1-bath units near Memorial Hospital, offering steady rental income for investors.
- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 2:23 am
Property Features for 2906 2Nd Ave Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing office Castle Real Estate, Inc.
Listing date Jun 19, 2026
Source Crexi
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 Castle Real Estate, Inc.
HighLights
- 8‑unit apartment building built in 1960 in Central Lake Charles
- All units are 1 bedroom, 1 bathroom (8 total units)
- Property is fully occupied with steady rental income
- Located next to Memorial Hospital
Overview
Located in central Lake Charles, the building is noted as being next to Memorial Hospital, placing it near healthcare and other day-to-day demand drivers. The offering is positioned around its central placement and tenant appeal tied to nearby employment and services.
For investors or owner-operators seeking a small, straightforward multifamily configuration, this property provides immediate occupancy with all units in the same 1-bedroom, 1-bath mix. Its fully occupied status and consistent rental performance are highlighted as key factors for buyers looking for a turnkey income approach rather than a value-add conversion. The building’s unit count and repeatable unit type can also simplify management compared with more varied floorplans.
Local Financial Insights For Apartment 5plus
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 | $57.0k | $11.40 |
| − Vacancy | −$3.9k | −$0.78 |
| EGI | $53.1k | $10.62 |
| − OpEx | −$23.9k | −$4.78 |
| NOI | $29.2k | $5.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu
- State
- Louisiana
- Longitude
- -93.198671
- Latitude
- 30.203239
