Duplex with Covered
For Sale
$160,000
3237 /3241 Cedar St, Lake Charles, LA 70615
Two-bedroom units with covered vehicle parking, detached laundry and storage space, and mixed residential zoning.
Property Size1,732 SF
Lot Size0.33 Acres
Price / SF$92.38
Days on Market89
Property Features for 3237 /3241 Cedar St
General Information
Standard status
Active
Size
1,732 SF
Lot size
0.33 Acres
Property subtype
Multi-Family
Zoning
Mixed Residential
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
covered parking
laundry and storage
Building Details
Year Built
1975
Buildings
1
Listing Agency:
Coldwell Banker Ingle Safari R
Listed By:
Steve Floyd · License #41445
(337) 274-5684
Source:
Athomerealtyla
Added: Jul 21
Changed: Oct 9
Last Checked: Oct 7 at 5:33PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with 2 bedrooms and 1 bathroom. The property totals 1,732 square feet, with approximately 866 square feet per unit, and was built in 1975. Covered vehicle parking serves the property, while a detached exterior structure provides washer and dryer space along with storage. Window units provide heating and cooling, and the shingled roof is less than 5 years old.
Located in Lake Charles, Louisiana, the property sits on approximately 0.33 acres at 3237 /3241 Cedar St. Mixed Residential zoning and Flood Zone X are noted for the site. A second duplex on the adjoining parcel is also available under listing SWL26001012.
Located in Lake Charles, Louisiana, the property sits on approximately 0.33 acres at 3237 /3241 Cedar St. Mixed Residential zoning and Flood Zone X are noted for the site. A second duplex on the adjoining parcel is also available under listing SWL26001012.
Key Highlights
- Two‑unit duplex totaling 1,732 square feet
- Each unit includes 2 bedrooms, 1 bathroom, and approximately 866 square feet
- Approximately .33 acres with Mixed Residential zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,439
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
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
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 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 7.15%
Second Best
Apartment 5plus
$144.6K
$126.5K – $168.7K
NOI $10,121 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$373.3K
$326.7K – $435.6K
NOI $26,133 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units with covered vehicle parking, detached laundry and storage space, and mixed residential zoning.
Where is this duplex located?
The property is located at 3237 /3241 Cedar St Lake Charles, LA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,732 square feet; Each unit includes 2 bedrooms, 1 bathroom, and approximately 866 square feet; Approximately .33 acres with Mixed Residential zoning
