Tenant-Occupied
For Sale
$137,000
3748 Southdown Mandalay Rd, Houma, LA 70360
Two three-bedroom units feature central air, carports, and a large yard near Bayou Black gym.
Property Size1,800 SF
Price / SF$76.11
Days on Market160
Property Features for 3748 Southdown Mandalay Rd
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Dana Theriot · License #995693099
(985) 688-6342
Source:
Smithsquared
Added: May 13
Changed: Oct 9
Last Checked: Oct 7 at 1:06PM
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 KELLER WILLIAMS REALTY BAYOU P
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, each with three bedrooms and two bathrooms, within approximately 1,800 square feet. The property includes central air, central heating, electric cooktops, a slab foundation, and brick-and-frame exterior construction. Each unit is supported by a carport, and the property includes a large yard.
Located on Southdown Mandalay Road in Houma, the duplex is near Bayou Black gym. Both units are currently tenant-occupied, providing an existing rental arrangement. The property is identified as not being in a flood zone.
Located on Southdown Mandalay Road in Houma, the duplex is near Bayou Black gym. Both units are currently tenant-occupied, providing an existing rental arrangement. The property is identified as not being in a flood zone.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms per unit
- Approximately 1,800 square feet total
- Current tenants occupy both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,771
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,420
$235.4K
Cap Rate 7%
$168,157
$168.2K
Cap Rate 9%
$130,789
$130.8K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$23.5K $13.08/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$21.4K $11.89/SF
− OpEx
−$9.6K −$5.35/SF
NOI
$11.8K $6.54/SF
Area
Terrebonne County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,420
Cap Rate 7%
$168,157
Cap Rate 9%
$130,789
Alternative Uses
Best Use
Multifamily LT 5
$193.4K
$169.2K – $225.6K
NOI $13,537 @ 7.0% cap · market cap 9.88%
Second Best
Apartment 5plus
$168.2K
$147.1K – $196.2K
NOI $11,771 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 25.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
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Business Placement
Demographics for 70360, LA
28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
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 three-bedroom units feature central air, carports, and a large yard near Bayou Black gym.
Where is this duplex located?
The property is located at 3748 Southdown Mandalay Rd Houma, LA.
What is the asking price?
The asking price for this property is $137,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms per unit; Approximately 1,800 square feet total; Current tenants occupy both units
