Fully Occupied Duplex with Private
For Sale
Contact for pricing
Pending
3701 Harvard Street, Lake Charles, LA 70607
Built in 2004, this fully occupied duplex offers two 2BR/2BA units with private fenced back patios.
Property Size2,032 SF
Days on Market128
Property Features for 3701 Harvard Street
General Information
Standard status
Pending
Size
2,032 SF
Total Parking Spaces
4
Property subtype
Multifamily, Land
Occupancy
100%
Net Operating Income
$17,405
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Bricks & Mortar- Real Estate
Listed By:
Kimberly David · License #995694591
(337) 842-1157
Source:
Crexi
Added: May 2
Changed: Aug 8
Last Checked: Jul 24 at 9:06AM
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 Bricks & Mortar- Real Estate
Investment Insights
Based on property information with market context.
This fully occupied duplex was built in 2004 and includes two separate units, each offering a 2-bedroom, 2-bath layout with an open floorplan. Each unit also features a private fenced back patio, creating an outdoor area that’s dedicated to that unit.
The property is described as being near McNeese, with easy access to shopping, dining, and campus. It is situated in Flood Zone X, according to the provided remarks.
The property is described as being near McNeese, with easy access to shopping, dining, and campus. It is situated in Flood Zone X, according to the provided remarks.
Key Highlights
- Fully occupied duplex built in 2004, with two units and 2BR/2BA in each unit
- Each unit includes a private fenced back patio
- Open floorplans in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,420
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$268,400
$268.4K
Cap Rate 7%
$191,714
$191.7K
Cap Rate 9%
$149,111
$149.1K
Market Conditions
NOI Build-Up for 2,032 SF
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.
Gross rent
$20.7K $10.20/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$19.2K $9.44/SF
− OpEx
−$5.8K −$2.83/SF
NOI
$13.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$268,400
Cap Rate 7%
$191,714
Cap Rate 9%
$149,111
Alternative Uses
Best Use
Multifamily LT 5
$191.7K
$167.8K – $223.7K
NOI $13,420 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$169.6K
$148.4K – $197.9K
NOI $11,874 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$438.0K
$383.3K – $511.0K
NOI $30,660 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 70607, LA
30,339
Population
13,692
Households
2.2
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
263
Density / Sq Mi
$58,427
Median Household Income
$35,815
Median Earnings
$1,053
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2004, this fully occupied duplex offers two 2BR/2BA units with private fenced back patios.
Where is this duplex located?
The property is located at 3701 Harvard Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Fully occupied duplex built in 2004, with two units and 2BR/2BA in each unit; Each unit includes a private fenced back patio; Open floorplans in both units
