Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Charles Duplex Investment Opportunity Title is generated by Realmo AI

    3237/3241 Cedar Street, Lake Charles, LA 70615

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Duplex in Lake Charles with income potential and parking.

    Type:Multifamily, Land
    Property size:
    1,732 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $98/SF
    Added:
    Mar 7, 2026
    Days on Market:
    77
    Last Refresh:
    Mar 16 at 3:26 pm

    Property Features for 3237/3241 Cedar Street

    General Information

    Standard status
    Active
    Size
    1,732 SF
    Lot size
    0.33 Acres
    Property subtype
    Multifamily, Land

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Steven Floyd

    Listing agent Steven Floyd License #LA41445

    Listing office Coldwell Banker Commercial Ingle Safari Realty

    Listing date Mar 7, 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 Coldwell Banker Commercial Ingle Safari Realty

    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.
    • Relatively new shingled roof (less than 5 years old).
    • Each unit features 2 bedrooms, 1 bathroom, and covered vehicle parking.
    • Second duplex on adjoining parcel available at the same price for portfolio expansion.

    Overview

    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.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $127.1K
    NOI $11,439 @ 9.00% cap · cautious / downside scenario
    Moderate
    $163.4K
    NOI $11,439 @ 7.00% cap · market / base-case scenario
    Aggressive
    $228.8K
    NOI $11,439 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $17.7k $10.20
    − Vacancy −$1.3k −$0.77
    EGI $16.3k $9.44
    − OpEx −$4.9k −$2.83
    NOI $11.4k $6.60
    1,732 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $163.4K
    $143.0K – $190.7K (±1% cap)
    NOI $11,439 @ 7.0% cap · market cap 6.73%
    Second Best
    Apartment 5plus
    $144.6K
    $126.5K – $168.7K (±1% cap)
    NOI $10,121 @ 7.0% cap · market cap 5.95%
    Theoretical Best
    Specialty Retail
    $373.3K
    $326.7K – $435.6K (±1% cap)
    NOI $26,133 @ 7.0% cap · market cap 15.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Food Market Bar & Pub Garden Center Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.16643
    Latitude
    30.280437

    Nearby Similar for Sale

    • $715,000

      Turnkey Office Space in Lake Charles

      Move-in ready office with executive suites, conference rooms, and parking.
      1830 Hodges, Lake Charles, LA 70601
      View Details
    • $1,999,999

      Lake Charles Multi-Building Office Complex

      Well-maintained office investment opportunity in Lake Charles' growth corridor.
      3505 5th, Lake Charles, LA 70607
      View Details
    • $630,000

      Lake Charles Commercial Property For Sale

      5,600 SF commercial property with warehouse and office space.
      1301 E Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • $207,500
      2,500 SF

      Lake Charles Commercial Investment Opportunity

      Commercial property with high visibility and income potential in Lake Charles.
      3309 Common Street, Lake Charles, LA 70601
      View Details
    • $325,000
      2,331 SF

      Multi-Use Investment Opportunity in Lake Charles

      Versatile property with income potential on a high-visibility corner.
      2712 Kirkman, Lake Charles, LA 70601
      View Details
    • $240,000

      Affordable Commercial/Medical Building in Lake Charles

      2,400 SF building suitable for commercial or medical use.
      510 W 18th, Lake Charles, LA 70601
      View Details
    • $900,000

      Lake Charles Industrial Multi-Use Space

      Multi-use commercial space near major transportation corridors.
      275 Hwy 397, Lake Charles, LA 70615
      View Details
    • $660,000

      Lake Charles Income Property

      Income-producing property with five units in Lake Charles, LA.
      4442 Brown, Lake Charles, LA 70607
      View Details
    • $170,000

      Lake Charles Duplex Investment Opportunity

      Two-unit property in Lake Charles, LA with income potential.
      3251/3255 Cedar, Lake Charles, LA 70615
      View Details
    • $170,000

      Lake Charles Duplex Investment Opportunity

      Duplex in Lake Charles, LA with income potential.
      3237/3241 Cedar, Lake Charles, LA 70615
      View Details
    • $429,500

      Updated Office Space Near Hospital

      Move-in ready office space with private offices and conference room.
      1716 Oak Park Blvd, Lake Charles, LA 70601
      View Details
    • $459,000

      Income-Producing Fourplex in Lake Charles

      Fourplex near Nelson Road, great for investors or multi-family income.
      1708 Fox Run Dr, Lake Charles, LA 70605
      View Details

    FAQs

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven Floyd
    Real Estate License ID: LA41445
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3237/3241 Cedar Street, Lake Charles, LA 70615
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!