Furnished Quadplex
For Sale
$324,000
405 Williams Avenue, Houma, LA 70364
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 Market110
Property Features for 405 Williams Avenue
General Information
Standard status
Active
Size
1,983 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Additional Details
Furnished
Yes
Multifamily Units
4
Building Details
Tenancy
Multi
Listing Agency:
PROPRIE'TE' SHOPPE, LLC
(985) 209-6265
Listed By:
Missy Matherne · License #995684608
(985) 209-6265
Source:
Compass
Added: Apr 15
Changed: Jul 22
Last Checked: Aug 2 at 1:37PM
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
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
Current Use
Lease Details
4
Residential units
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 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
