3605 Thomas Dr, Houma, LA 70363
- Added:
- Feb 10, 2026
- Days on Market:
- 145
- Last Refresh:
- Jul 5 at 8:06 am
Property Features for 3605 Thomas Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 6
- Appliances
- Microwave, Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 3,152 SF
- Lot size
- 0.00 Acres
Taxes and HOA fees
- Tax Description
- Lot 13 Block 1 Adden. 4 Village East Subd.
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Building materials
- Other Siding, Frame
Listing agent Geneva Harris License #995702921 (225) 390-1278
Listing office Harris Real Estate Services 2117 S Burnside Ave, Gonzales, LA (225) 390-1278
Listing date Feb 10, 2026
Copyright © 2026 Greater Baton Rouge Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated 4‑plex at 3605 Thomas Dr in Houma, LA, with stable tenants already in place
- Fully occupied with reliable, on‑time tenants generating $4,200/month rental income
- 2024 renovations include granite countertops, water‑resistant flooring, and updated appliances in each unit
- Each unit offers 2 bedrooms and 1 bath
- Improvements reported include new HVAC, new hot water heaters, and a new roof
- Listing price $334,900 with appraised value range of $350K–$400K
Overview
The asset is located in Houma, Louisiana, in Village East within Terrebonne Parish (70363). With stable tenants already in place, the offering is positioned for investors looking for an income-producing residential income property without waiting for new renovations to be completed.
Financially, the listing states $4,200 per month in rental income and includes an appraisal value range of $350,000 to $400,000. The property is offered for sale at $334,900. Given the unit mix, in-place occupancy, and the scope of 2024 renovations, this 4-plex should appeal to buyers who want a maintained multi-family structure with consistent operating readiness and documented updates to key systems.
Local 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 | $37.1k | $11.76 |
| − Vacancy | −$3.2k | −$1.02 |
| EGI | $33.9k | $10.74 |
| − OpEx | −$10.2k | −$3.22 |
| NOI | $23.7k | $7.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Houma
- County
- Terrebonne
- State
- Louisiana
- Longitude
- -90.67003
- Latitude
- 29.595004
