Two-Unit Duplex with Covered
401 & 405 Burnett Street, Lake Charles, LA 70601
For Sale
$224,900
Each residence has two bedrooms, two full bathrooms, kitchen appliances, and individual laundry hookups.
Property Size2,260 SF
Price / SF$99.51
Days on Market15
Property Features for 401 & 405 Burnett Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
refrigerator
range/oven
dishwasher
microwave
washer/dryer hookups
covered back patios
fenced yard
Building Details
Buildings
Listing Agency:
CENTURY 21 Bessette Flavin
(337) 474-2185
Listed By:
Lisa Thompson · License LA #995698996
(337) 570-7323
Source:
Exprealty
Added: Oct 28
Changed: Nov 4
Last Checked: Nov 10 at 9:05AM
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 CENTURY 21 Bessette Flavin
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with approximately 1,130 square feet, two bedrooms, and two full bathrooms. Together, the units provide approximately 2,260 square feet of living area. Each kitchen is equipped with a refrigerator, range/oven, dishwasher, and microwave, and each unit has its own washer and dryer hookups.
Outdoor features include covered rear patios, a fenced yard, and driveway parking for each residence. The property occupies a corner lot at 401 and 405 Burnett Street in Lake Charles, Louisiana.
Outdoor features include covered rear patios, a fenced yard, and driveway parking for each residence. The property occupies a corner lot at 401 and 405 Burnett Street in Lake Charles, Louisiana.
Key Highlights
- Two units, each with approximately 1,130 square feet; 2,260 square feet combined
- Each residence includes 2 bedrooms and 2 full bathrooms
- Both kitchens have a refrigerator, range/oven, dishwasher, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,926
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,520
$298.5K
Cap Rate 7%
$213,229
$213.2K
Cap Rate 9%
$165,844
$165.8K
Market Conditions
NOI Build-Up for 2,260 SF
Gross rent
$23.1K $10.20/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$21.3K $9.44/SF
− OpEx
−$6.4K −$2.83/SF
NOI
$14.9K $6.60/SF
Area
Calcasieu County, LA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,520
Cap Rate 7%
$213,229
Cap Rate 9%
$165,844
Alternative Uses
Best Use
Multifamily LT 5
$213.2K
$186.6K – $248.8K
NOI $14,926 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$188.7K
$165.1K – $220.1K
NOI $13,207 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$487.1K
$426.3K – $568.3K
NOI $34,100 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
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Business Placement
Demographics for 70601, LA
34,571
Population
16,811
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
16.1 sq mi
ZIP Area
2,147
Density / Sq Mi
$49,545
Median Household Income
$34,044
Median Earnings
$938
Median Rent
$164,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lake Charles, LA
Properties on Market for Duplexes in Lake Charles
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, two full bathrooms, kitchen appliances, and individual laundry hookups.
Where is this duplex located?
The property is located at 401 & 405 Burnett Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two units, each with approximately 1,130 square feet; 2,260 square feet combined; Each residence includes 2 bedrooms and 2 full bathrooms; Both kitchens have a refrigerator, range/oven, dishwasher, and microwave
