Fully Occupied Duplex with Private
3701 Harvard Street Lake Charles, LA 70607
3701 Harvard Street, Lake Charles, LA, 70607
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For Sale
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Built in 2004, this fully occupied duplex offers two 2BR/2BA units with private fenced back patios.
Property Size2,032 SF
Price / SF$115.65
Days on Market82
Property Features for 3701 Harvard Street
General Information
- Standard status
- Active
- Size
- 2,032 SF
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 2004
Listing agency
Bricks & Mortar- Real Estate
(337) 842-1157
Listed by
Kimberly David · License #995694591
Source
Crexi
Added: May 2 Updated: Jul 20 at 9:24PM Checked: Jul 20 at 9:24PM
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
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 | $20.7k | $10.20 |
| − Vacancy | −$1.6k | −$0.77 |
| EGI | $19.2k | $9.44 |
| − OpEx | −$5.8k | −$2.83 |
| NOI | $13.4k | $6.60 |
2,032 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
