Furnished Quadplex
405 Williams Avenue Houma, LA 70364
405 Williams Avenue, Houma, LA, 70364
$324,000
For Sale
$324,000
Four updated, fully furnished units on one property, with appliances included and a potential fifth unit already built.
Property Size1,983 SF
Price / SF$163.39
Days on Market99
Property Features for 405 Williams Avenue
General Information
- Standard status
- Active
- Size
- 1,983 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing agency
PROPRIE'TE' SHOPPE, LLC
(985) 209-6265
Listed by
Missy Matherne · License #995684608
(985) 209-6265
Source
Compass
Added: Apr 15 Updated: Jul 22 at 1:41PM Checked: Jul 22 at 1:41PM
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 PROPRIE'TE' SHOPPE, LLC
Investment Insights
Based on property information with market context.
This quadplex property features four units that have been updated and renovated, and are offered completely furnished and decorated. Appliances are included as well. Unit A is a three-bedroom, one-bath house. Unit B is a one-bedroom, one-bath unit located behind Unit A. Unit C is a one-bedroom, one-bath unit above Unit B. Unit D is a one-bedroom, one-bath unit directly above a double garage.
The property also describes a potential fifth unit that has already been built but never renovated. There is additional space referenced as a potential Unit F (267 sq. ft.), with potential storage below (233 sq. ft.). The property is located in Flood Zone X.
Unit A is currently rented for $1,900 per month. Previously, Units B and C were rented for $1,295 per month each, and Unit D was rented for $1,400 per month. The address is 405 Williams Avenue, Houma, LA 70364.
The property also describes a potential fifth unit that has already been built but never renovated. There is additional space referenced as a potential Unit F (267 sq. ft.), with potential storage below (233 sq. ft.). The property is located in Flood Zone X.
Unit A is currently rented for $1,900 per month. Previously, Units B and C were rented for $1,295 per month each, and Unit D was rented for $1,400 per month. The address is 405 Williams Avenue, Houma, LA 70364.
Key Highlights
- Four‑unit property with a potential fifth unit already built (Unit F) and potential storage below (233 SF)
- Unit mix: Unit A 3BD/1BA; Units B, C, and D each 1BD/1BA
- Current rents: Unit A at $1,900/month; previously Units B and C at $1,295/month each; Unit D at $1,400/month
Local 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 | $23.3k | $11.76 |
| − Vacancy | −$2.0k | −$1.02 |
| EGI | $21.3k | $10.74 |
| − OpEx | −$6.4k | −$3.22 |
| NOI | $14.9k | $7.52 |
1,983 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$213.1K
$186.4K – $248.6K
NOI $14,914 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$546.6K
$478.3K – $637.7K
NOI $38,264 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four updated, fully furnished units on one property, with appliances included and a potential fifth unit already built.
Where is this quadplex located?
The property is located at 405 Williams Avenue Houma, LA.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: Four‑unit property with a potential fifth unit already built (Unit F) and potential storage below (233 SF); Unit mix: Unit A 3BD/1BA; Units B, C, and D each 1BD/1BA; Current rents: Unit A at $1,900/month; previously Units B and C at $1,295/month each; Unit D at $1,400/month
