Two-Unit
For Sale
$140,000
400 S Granger Street, Erath, LA 70533
Residential Income, Erath, LA
Property Size1,230 SF
Price / SF$113.82
Days on Market228
Property Features for 400 S Granger Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking
4
Patio and Porch features
Deck, Porch
Interior features
Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
Exterior features
Lighting, Deck, Outside Light, Porch
Appliances
Electric Cooktop, Electric Cooktop
Lot features
No Outlet Street
Elementary school
Dozier
Middle school
E Broussard
High school
Erath
Elementary school district
Vermillion Parish
Middle school district
Vermillion Parish
High school district
Vermillion Parish
Directions
From Hwy 14, turn South on S Kibbe, turn right on W Primeaux, turn right on S Granger
Subdivision
V4
Standard status
Active
APN
Re091800
Size
1,230 SF
Taxes and HOA fees
Tax Description
LOT BD N MATTHEW GREENE, E BY STREET, S CONGREGATIONAL CHURCH & W BY STREET 2021006007 IMP
Legal Description
LOT BD N MATTHEW GREENE, E BY STREET, S CONGREGATIONAL CHURCH & W BY STREET 2021006007 IMP
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
HardiPlank Type
Roof type
Metal
Listing Agency:
Carter Roy Real Estate Group
(337) 465-9615
Listed By:
Shawn P Carter · License #995709983
(337) 789-3037
Added: Mar 12
Changed: Oct 23
Last Checked: Oct 25 at 4:06AM
MLS# 2600001982
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,230-square-foot duplex in Erath contains two separate residences, each with two bedrooms and one bathroom. Interior updates include vinyl flooring, fresh paint, granite kitchen countertops, and modern fixtures. The building has HardiPlank-type siding and a metal roof, with a porch and deck outdoors.
Both units are currently occupied. The property is served by public water and public sewer.
Both units are currently occupied. The property is served by public water and public sewer.
Key Highlights
- 1,230‑square‑foot duplex with two separate residences
- Each unit has 2 bedrooms and 1 bathroom
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,504
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,080
$230.1K
Cap Rate 7%
$164,343
$164.3K
Cap Rate 9%
$127,822
$127.8K
Market Conditions
NOI Build-Up for 1,230 SF
Gross rent
$22.0K $17.88/SF
− Vacancy
−$5.6K −$4.52/SF
EGI
$16.4K $13.36/SF
− OpEx
−$4.9K −$4.01/SF
NOI
$11.5K $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%
$230,080
Cap Rate 7%
$164,343
Cap Rate 9%
$127,822
Alternative Uses
Best Use
Multifamily LT 5
$164.3K
$143.8K – $191.7K
NOI $11,504 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$149.0K
$130.4K – $173.8K
NOI $10,428 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$290.8K
$254.5K – $339.3K
NOI $20,357 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
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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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 - Both residences are occupied and feature updated interiors with granite kitchen countertops.
Where is this duplex located?
The property is located at 400 S Granger Street 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: 1,230‑square‑foot duplex with two separate residences; Each unit has 2 bedrooms and 1 bathroom; Both units are currently occupied
