Remodeled Duplex with Two
For Sale
$140,000
400 S Granger St, Erath, LA 70533
Two updated residences offer separate two-bedroom, one-bath layouts.
Property Size1,240 SF
Price / SF$112.90
Days on Market63
Property Features for 400 S Granger St
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Multi-Family
Listing Agency:
Carter Roy Real Estate Group
Listed By:
Shawn P Carter · License #995709983
(337) 789-3037
Source:
Athomerealtyla
Added: Aug 15
Changed: Oct 11
Last Checked: Oct 7 at 12:53PM
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 Carter Roy Real Estate Group
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with two bedrooms and one bathroom. The 1,240-square-foot property has been remodeled with new flooring, fresh interior paint, granite kitchen countertops, and updated fixtures throughout both units.
Located at 400 S Granger St in Erath, Louisiana, the property has both residences currently occupied. Its two-unit configuration supports separate living arrangements within a single residential income property.
Located at 400 S Granger St in Erath, Louisiana, the property has both residences currently occupied. Its two-unit configuration supports separate living arrangements within a single residential income property.
Key Highlights
- Two‑unit duplex with 1,240 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Remodeled with new flooring, fresh paint, granite countertops, and modern fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,598
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,960
$232.0K
Cap Rate 7%
$165,686
$165.7K
Cap Rate 9%
$128,867
$128.9K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$22.2K $17.88/SF
− Vacancy
−$5.6K −$4.52/SF
EGI
$16.6K $13.36/SF
− OpEx
−$5.0K −$4.01/SF
NOI
$11.6K $9.35/SF
Area
Vermilion County, LA
Vacancy
25.27%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,960
Cap Rate 7%
$165,686
Cap Rate 9%
$128,867
Alternative Uses
Best Use
Multifamily LT 5
$165.7K
$145.0K – $193.3K
NOI $11,598 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$150.2K
$131.4K – $175.2K
NOI $10,512 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$293.2K
$256.5K – $342.0K
NOI $20,522 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 70533, LA
7,282
Population
3,020
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
84%
High-School Grad
74.4 sq mi
ZIP Area
98
Density / Sq Mi
$65,742
Median Household Income
$39,974
Median Earnings
$828
Median Rent
$151,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer separate two-bedroom, one-bath layouts.
Where is this duplex located?
The property is located at 400 S Granger St Erath, 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‑unit duplex with 1,240 square feet; Each unit includes 2 bedrooms and 1 bathroom; Remodeled with new flooring, fresh paint, granite countertops, and modern fixtures
