Lake Charles Duplex Investment
3237/3241 Cedar Street Lake Charles, LA 70615
For Sale
Contact for pricing
Duplex in Lake Charles with income potential and parking.
Property Size1,732 SF
Lot Size0.33 Acres
Price / SF$98.15
Days on Market143
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
Listing Agency:
Coldwell Banker Commercial Ingle Safari Realty
Listed By:
Steven Floyd · License #LA41445
Source:
Crexi
Added: Mar 7
Changed: Jul 10
Last Checked: Jul 26 at 4:12PM
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
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 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 | $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
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
Location Intelligence
Current Use
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.
