Recently Remodeled
311-a Engeron Street Houma, LA 70363
311-a Engeron Street, Houma, LA, 70363
$169,000
For Sale
$169,000
Renovated duplex offers a one-bedroom and a three-bedroom unit, with furnishings and appliances included.
Property Size1,818 SF
Price / SF$92.96
Days on Market98
Property Features for 311-a Engeron Street
General Information
- Standard status
- Active
- Size
- 1,818 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing agency
PROPRIE'TE' SHOPPE, LLC
(985) 209-6265
Listed by
Missy Matherne · License #995684608
(985) 209-6265
Source
Compass
Added: Apr 15 Updated: Jul 21 at 3:12AM Checked: Jul 21 at 3:12AM
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 PROPRIE'TE' SHOPPE, LLC
Investment Insights
Based on property information with market context.
This recently remodeled duplex features two residential units. The front unit is a one-bedroom, one-bath layout, while the back unit is a three-bedroom, one-bath layout. The property has been renovated and all furnishings, décor, and appliances remain with the duplex.
Unit A is currently occupied, and Unit B is available when occupied at the stated rental level. The duplex is located in flood zone AE.
As a two-unit residential income property, it provides distinct bedroom counts across the front and back units, which can support flexible tenant configurations within the same building.
Unit A is currently occupied, and Unit B is available when occupied at the stated rental level. The duplex is located in flood zone AE.
As a two-unit residential income property, it provides distinct bedroom counts across the front and back units, which can support flexible tenant configurations within the same building.
Key Highlights
- Duplex with 2 units: front unit is 1 bedroom/1 bath and back unit is 3 bedroom/1 bath
- Recently remodeled/renovated duplex; ALL furnishings, decor, and appliances remain with the property
- Unit A is occupied and rents for $1,250 per month
Local Financial Insights For Multifamily LT 5
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 | $21.4k | $11.76 |
| − Vacancy | −$1.8k | −$1.02 |
| EGI | $19.5k | $10.74 |
| − OpEx | −$5.9k | −$3.22 |
| NOI | $13.7k | $7.52 |
1,818 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$195.3K
$170.9K – $227.9K
NOI $13,673 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$169.8K
$148.6K – $198.2K
NOI $11,889 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$501.1K
$438.5K – $584.7K
NOI $35,080 @ 7.0% cap · market cap 20.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex offers a one-bedroom and a three-bedroom unit, with furnishings and appliances included.
Where is this duplex located?
The property is located at 311-a Engeron Street Houma, LA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Duplex with 2 units: front unit is 1 bedroom/1 bath and back unit is 3 bedroom/1 bath; Recently remodeled/renovated duplex; ALL furnishings, decor, and appliances remain with the property; Unit A is occupied and rents for $1,250 per month
