Single-Story Duplex with
For Sale
$525,000
4418 Monticello Street, Lake Charles, LA 70605
Open living areas, updated kitchen appliances, laundry hookups, fenced yards, and central HVAC support practical residential use.
Property Size2,300 SF
Price / SF$228.26
Days on Market40
Property Features for 4418 Monticello Street
General Information
Standard status
Active
Size
2,300 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Amenities
laundry room with washer/dryer hookups
partially fenced backyards
central air and heat
Building Details
Year Built
2010
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
CENTURY 21 Bessette Flavin
(337) 540-1916
Listed By:
Larry Turner · License #LTURNER
Source:
Castlere
Added: Jul 25
Changed: Aug 30
Last Checked: Sep 1 at 3:15PM
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
Investment Insights
Based on property information with market context.
This 2,300-square-foot duplex was built in 2010 and features a one-story layout with an open living concept, three bedrooms, and two full baths. The kitchen includes wood cabinetry, a range/oven, dishwasher, and refrigerator. A separate laundry room provides washer/dryer hookups, while central air and heat serve the property. Partially fenced backyards, a two-car carport, and additional off-street parking add useful exterior amenities.
The property is located just off McNeese Street near McNeese University in Lake Charles. It is being offered together with 629 Louie Street, and showings require 48 hours' notice. The duplex is currently rented, providing an existing residential income profile for a prospective buyer.
The property is located just off McNeese Street near McNeese University in Lake Charles. It is being offered together with 629 Louie Street, and showings require 48 hours' notice. The duplex is currently rented, providing an existing residential income profile for a prospective buyer.
Key Highlights
- 2,300 SF duplex built in 2010
- One‑story layout with three bedrooms and two full baths
- Kitchen includes wood cabinetry, range/oven, dishwasher, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,190
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$303,800
$303.8K
Cap Rate 7%
$217,000
$217.0K
Cap Rate 9%
$168,778
$168.8K
Market Conditions
NOI Build-Up for 2,300 SF
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.
Gross rent
$23.5K $10.20/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$21.7K $9.44/SF
− OpEx
−$6.5K −$2.83/SF
NOI
$15.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$303,800
Cap Rate 7%
$217,000
Cap Rate 9%
$168,778
Alternative Uses
Best Use
Multifamily LT 5
$217.0K
$189.9K – $253.2K
NOI $15,190 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$192.0K
$168.0K – $224.0K
NOI $13,440 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$495.8K
$433.8K – $578.4K
NOI $34,704 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 70605, LA
39,903
Population
17,926
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
97%
High-School Grad
43.0 sq mi
ZIP Area
928
Density / Sq Mi
$88,337
Median Household Income
$46,173
Median Earnings
$1,348
Median Rent
$293,800
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?
Duplex - Open living areas, updated kitchen appliances, laundry hookups, fenced yards, and central HVAC support practical residential use.
Where is this duplex located?
The property is located at 4418 Monticello Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,300 SF duplex built in 2010; One‑story layout with three bedrooms and two full baths; Kitchen includes wood cabinetry, range/oven, dishwasher, and refrigerator
