Occupied Duplex With Covered
For Sale
$140,000
330 Chennault St, Morgan City, LA 70380
Fully occupied duplex with two apartments, private laundry rooms, and covered parking with patios.
Property Size2,225 SF
Price / SF$62.92
Days on Market111
Property Features for 330 Chennault St
General Information
Standard status
Active
Size
2,225 SF
Property subtype
Residential Income
Occupancy
100%
Amenities
individual laundry room
covered parking/patio
Building Details
Tenancy
Multi
Listing Agency:
Anslum Real Estate, LLC
(985) 519-1742
Listed By:
Anthony Dunn
(985) 519-1742
Source:
Exprealty
Added: Apr 16
Changed: Aug 3
Last Checked: Aug 3 at 6:30AM
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 Anslum Real Estate, LLC
Investment Insights
Based on property information with market context.
This duplex contains two apartments, each configured with two bedrooms and one bathroom. Both units include a dedicated laundry room, along with covered parking and a covered patio. The property is reported at 2,225 in size and is fully occupied, providing an existing residential income configuration at 330 Chennault St in Morgan City, Louisiana.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments
- 100% occupancy
- Individual laundry room for each apartment
Financial Insights For Apartment 5plus
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 | $22.7k | $10.20 |
| − Vacancy | −$1.5k | −$0.69 |
| EGI | $21.2k | $9.51 |
| − OpEx | −$9.5k | −$4.28 |
| NOI | $11.6k | $5.23 |
2,225 SF · lease $10.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$185.2K
$162.1K – $216.1K
NOI $12,966 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$166.2K
$145.4K – $193.9K
NOI $11,633 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$379.6K
$332.2K – $442.9K
NOI $26,574 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 70380, LA
21,079
Population
9,739
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
77%
High-School Grad
77.7 sq mi
ZIP Area
271
Density / Sq Mi
$54,504
Median Household Income
$40,731
Median Earnings
$876
Median Rent
$138,300
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 - Fully occupied duplex with two apartments, private laundry rooms, and covered parking with patios.
Where is this duplex located?
The property is located at 330 Chennault St Morgan City, LA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments; 100% occupancy; Individual laundry room for each apartment
