Renovated
400 S Granger Street, Erath, LA 70533
For Sale
$140,000
Multifamily, Erath, LA
Property Size1,230 SF
Price / SF$113.82
Days on Market241
Property Features for 400 S Granger Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Patio and Porch features
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Cooling system
Water source
Building Details
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Carter Roy Real Estate Group
(337) 465-9615
Listed By:
Shawn Carter · License #995709983
(337) 789-3037
Added: Mar 12
Changed: Nov 2
Last Checked: Nov 7 at 7:06AM
MLS# 2600001982
Copyright © 2026 ROAM MLS. 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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Investment Insights
Based on property information with market context.
This 1,230-square-foot duplex contains two separate residences, each configured with two bedrooms and one bathroom. Interior updates include vinyl plank flooring, fresh paint, granite kitchen countertops, and modern fixtures. The building has frame and HardiPlank construction, a metal roof, window air-conditioning units, and ceiling fans. A deck and porch provide additional outdoor features.
Located at 400 S Granger Street in Erath, the property is served by public water and public sewer. Both units are occupied. The layout provides two distinct residential units within one property.
Located at 400 S Granger Street in Erath, the property is served by public water and public sewer. Both units are occupied. The layout provides two distinct residential units within one property.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,230 square feet total
- Both residences 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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
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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 - Both residences have two bedrooms and one bathroom, and each is currently occupied.
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: Two units, each with 2 bedrooms and 1 bathroom; 1,230 square feet total; Both residences currently occupied
