Furnished Quadplex with Potential Fifth
For Sale
$324,000
Pending
405 Williams Ave, Houma, LA 70364
MULTI_FAMILY - Houma, LA
Property Size1,983 SF
Lot Size0.14 Acres
Days on Market112
Property Features for 405 Williams Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
6
Window features
Drapes, Window Treatments
Patio and Porch features
Patio, Porch, Deck
Interior features
Storage in Garage
Appliances
Washer/Dryer All, Dryer, Microwave, Range/Oven, Refrigerator, Self Cleaning Oven
Subdivision
Vigurie
Lot features
Commons Lot, Commons Lot
Elementary school district
Terrebonne Parish
Middle school district
Terrebonne Parish
High school district
Terrebonne Parish
Directions
From Park Street turn right onto Williams Avenue. 405 Williams is on the left right before the stop sign.
Standard status
Pending
Size
1,983 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Sea legal in documents
Legal Description
Sea legal in documents
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Flooring type
Tile
Building materials
Wood Siding, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
PROPRIE'TE' SHOPPE, LLC
(985) 232-6901
Listed By:
Missy Matherne · License #995684608
(985) 232-6901
Added: Apr 15
Changed: Aug 2
Last Checked: Aug 4 at 2:06PM
MLS# 2026006912
Copyright © 2026 Bayou Board of Realtors. 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 quadplex includes four updated and renovated units offered completely furnished and decorated, with appliances included. Unit A is a two bedroom, two bathroom house. Unit B is a one bedroom, one bathroom unit located behind Unit A. Unit C is a one bedroom, one bathroom unit above Unit B. Unit D is a one bedroom, one bathroom unit directly above a double garage.
In addition, there is a potential fifth unit (Unit F) that has already been built but never renovated. Unit F has 267 ft.2 and is ready to be completed, with potential storage space below at 233 ft.2.
The property is approximately 0.14 acres with a total of 1,983 SF. Construction includes wood siding with a frame and a shingle roof. Interior features include storage in the garage. Heating is provided by wall furnace, with window unit(s) and ceiling fans for cooling. Public water and public sewer are available, and cable is available. The property is located in a flood zone X.
In addition, there is a potential fifth unit (Unit F) that has already been built but never renovated. Unit F has 267 ft.2 and is ready to be completed, with potential storage space below at 233 ft.2.
The property is approximately 0.14 acres with a total of 1,983 SF. Construction includes wood siding with a frame and a shingle roof. Interior features include storage in the garage. Heating is provided by wall furnace, with window unit(s) and ceiling fans for cooling. Public water and public sewer are available, and cable is available. The property is located in a flood zone X.
Key Highlights
- Four updated and renovated units sold completely furnished and decorated with appliances included
- Unit layouts: two bed/two bath (A), one bed/one bath units (B, C, and D)
- Potential fifth unit already built: Unit F 267 ft.2 ready to be completed
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four renovated, furnished units with appliances included, plus a built-but-unrenovated potential fifth unit.
Where is this quadplex 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: Four updated and renovated units sold completely furnished and decorated with appliances included; Unit layouts: two bed/two bath (A), one bed/one bath units (B, C, and D); Potential fifth unit already built: Unit F 267 ft.2 ready to be completed
