Lake Charles Duplex Investment
For Sale
$170,000
3237/3241 Cedar Street, Lake Charles, LA 70615
Duplex in Lake Charles with income potential and parking.
Property Size1,732 SF
Lot Size0.33 Acres
Price / SF$98.15
Days on Market170
Property Features for 3237/3241 Cedar Street
General Information
Standard status
Active
Size
1,732 SF
Lot size
0.33 Acres
Property subtype
Residential Income
Listing Agency:
Coldwell Banker Ingle Safari R
(337) 274-5684
Listed By:
Steve Floyd · License #LA41445
(337) 274-5684
Source:
Exprealty
Added: Mar 6
Changed: Aug 23
Last Checked: Aug 21 at 6:04PM
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 Coldwell Banker Ingle Safari R
Investment Insights
Based on property information with market context.
This is an investment opportunity located in Lake Charles, Louisiana. The property features a 1732 square foot duplex situated on approximately 0.33 acres. The zoning is Mixed Residential. Each unit includes 2 bedrooms and 1 bathroom, with each unit totaling approximately 866 square feet. A covered area is available for vehicle parking. The property also features a detached exterior space for a washer and dryer, and storage. The roof is shingled and less than 5 years old. Window units provide both heating and cooling. The property is located in Flood Zone X. The annual property taxes are approximately $632.17. A second duplex on the adjoining parcel is also available at the same price, offering additional investment potential for buyers looking to expand their portfolio. The property offers multi-family income potential.
Key Highlights
- Multi‑family income potential in a desirable area of Lake Charles, LA.
- Low annual property taxes (approximately $632.17) enhancing cash‑flow opportunity.
- Located in Flood Zone X, offering reduced flood risk.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,439
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,780
$228.8K
Cap Rate 7%
$163,414
$163.4K
Cap Rate 9%
$127,100
$127.1K
Market Conditions
NOI Build-Up for 1,732 SF
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.
Gross rent
$17.7K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$16.3K $9.44/SF
− OpEx
−$4.9K −$2.83/SF
NOI
$11.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,780
Cap Rate 7%
$163,414
Cap Rate 9%
$127,100
Alternative Uses
Best Use
Multifamily LT 5
$163.4K
$143.0K – $190.7K
NOI $11,439 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$144.6K
$126.5K – $168.7K
NOI $10,121 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$373.3K
$326.7K – $435.6K
NOI $26,133 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 70615, LA
14,949
Population
5,498
Households
2.7
Avg Household Size
36
Median Age
15%
College-Educated
84%
High-School Grad
45.9 sq mi
ZIP Area
326
Density / Sq Mi
$43,333
Median Household Income
$30,086
Median Earnings
$1,095
Median Rent
$128,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Lake Charles with income potential and parking.
Where is this duplex located?
The property is located at 3237/3241 Cedar Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Multi‑family income potential in a desirable area of Lake Charles, LA.; Low annual property taxes (approximately $632.17) enhancing cash‑flow opportunity.; Located in Flood Zone X, offering reduced flood risk.
