Detached Residential Income
For Sale
$324,000
405 WILLIAMS AVE, Houma, LA 70364
Interior features include an eat-in kitchen, window units, ceiling fans, and kitchen appliances.
Property Size1,983 SF
Price / SF$163.39
Days on Market198
Property Features for 405 WILLIAMS AVE
General Information
Standard status
Active
Size
1,983 SF
Total Parking Spaces
6
Property subtype
Residential Income
Amenities
Ceiling Fan(s), Window Unit(s), Multi Units
Wall Furnace
Dryer, Microwave, Refrigerator, Range, Self Cleaning Oven
Laminate Counters
Colonial, Split Level
Building Details
Building Size
1,983 SF
Year Built
1923
Listing Agency:
PROPRIE'TE' SHOPPE, LLC
Listed By:
Missy Matherne · License #995684608
(985) 209-6265
Source:
Evrealestate
Added: Apr 15
Changed: Oct 25
Last Checked: Oct 28 at 8:23AM
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
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Investment Insights
Based on property information with market context.
This detached residential income property is located at 405 Williams Ave in Houma. Its listed exterior styles are Colonial and split-level. Interior features include an eat-in kitchen, window units, ceiling fans, a dryer, microwave, range, oven, and refrigerator.
The property is on Williams Avenue, on the left just before the stop sign when approaching from Park Street.
The property is on Williams Avenue, on the left just before the stop sign when approaching from Park Street.
Key Highlights
- Detached residential income property at 405 Williams Ave, Houma
- Colonial and split‑level exterior styles
- Eat‑in kitchen, window units, and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,968
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,360
$259.4K
Cap Rate 7%
$185,257
$185.3K
Cap Rate 9%
$144,089
$144.1K
Market Conditions
NOI Build-Up for 1,983 SF
Gross rent
$25.9K $13.08/SF
− Vacancy
−$2.4K −$1.19/SF
EGI
$23.6K $11.89/SF
− OpEx
−$10.6K −$5.35/SF
NOI
$13.0K $6.54/SF
Area
Terrebonne County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,360
Cap Rate 7%
$185,257
Cap Rate 9%
$144,089
Alternative Uses
Best Use
Apartment 5plus
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
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 authorities.
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Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
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Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Interior features include an eat-in kitchen, window units, ceiling fans, and kitchen appliances.
Where is this residential income property located?
The property is located at 405 WILLIAMS AVE 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: Detached residential income property at 405 Williams Ave, Houma; Colonial and split‑level exterior styles; Eat‑in kitchen, window units, and ceiling fans
