Immaculately Remodeled
400 S Granger Street Erath, LA 70533
For Sale
$140,000
MULTI_FAMILY - Erath, LA
Property Size1,230 SF
Price / SF$113.82
Days on Market137
Property Features for 400 S Granger Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3
- Parking
- 4
- Patio and Porch features
- Porch, Deck
- Interior features
- Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection
- Exterior features
- Lighting, Deck, Outside Light, Porch
- Appliances
- Electric Cooktop
- 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
Utilities
- 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: Jul 25
Last Checked: Jul 26 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This remodeled duplex offers two separate units, with each home configured as two bedrooms and one bathroom. The property has been upgraded throughout, including brand new flooring and fresh interior paint, along with granite countertops in the kitchens and modern fixtures.
The duplex is located at 400 S Granger Street in Erath, Louisiana, within Vermilion Parish.
Both units are currently occupied, supporting an existing monthly rental income of $1,585 per month per the seller’s remarks. The seller also indicates potential consideration of a “subject-to” loan with approved terms from all parties.
The duplex is located at 400 S Granger Street in Erath, Louisiana, within Vermilion Parish.
Both units are currently occupied, supporting an existing monthly rental income of $1,585 per month per the seller’s remarks. The seller also indicates potential consideration of a “subject-to” loan with approved terms from all parties.
Key Highlights
- Remodeled duplex in Erath with two separate units, each featuring 2 bedrooms and 1 bathroom
- Both units are currently occupied for total income of $1,585 per month
- Updates include new flooring, fresh paint, and granite countertops in the kitchen
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 | $22.0k | $17.88 |
| − Vacancy | −$5.6k | −$4.52 |
| EGI | $16.4k | $13.36 |
| − OpEx | −$4.9k | −$4.01 |
| NOI | $11.5k | $9.35 |
1,230 SF · lease $17.88/SF/yr · vacancy 25.27% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
First Dozier Elementary ...
High School
FAQs
What type of property is this?
Duplex - Remodeled duplex features two separate two-bedroom, one-bath units, each 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: Remodeled duplex in Erath with two separate units, each featuring 2 bedrooms and 1 bathroom; Both units are currently occupied for total income of $1,585 per month; Updates include new flooring, fresh paint, and granite countertops in the kitchen
