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Lake Charles Duplex Investment Opportunity

3237/3241 Cedar Street, Lake Charles, LA 70615

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For Sale

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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

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.

We can help!

Listing Contact

Steven Floyd

Learn more

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:: 95
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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 Uses

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

Location Insight

Map
Local Demand

City: Lake Charles
County: Calcasieu
State: Louisiana
Longitude: -93.16643
Latitude: 30.280437

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For sale
Duplexes
LA
Lake Charles
70615
3237/3241 Cedar Street

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.