Two-Unit Duplex with Brick
For Sale
$200,000
Pending
502 IDLEWILD Drive, Houma, LA 70364
Multifamily, Houma, LA
Property Size1,866 SF
Days on Market101
Property Features for 502 IDLEWILD Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 2
Patio and Porch features
Porch
Standard status
Pending
APN
50270
Size
1,866 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
PART LOT 1 & ALL OF LOT 2 BLOCK 8 ADDEN. 1 IDLEWILD SUBD.
Legal Description
PART LOT 1 & ALL OF LOT 2 BLOCK 8 ADDEN. 1 IDLEWILD SUBD.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s)
Water source
Public
Amenities
window A/C units
walk-in closets
Building Details
Year built
1990
Number of units
2
Building materials
Brick
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Crystal Chambers · License #995702355
(985) 860-4585
Added: Jul 21
Changed: Oct 28
Last Checked: Oct 29 at 3:06AM
MLS# 2568597
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick duplex contains two residences, each with 933 square feet of living area, three bedrooms, and two bathrooms. Both units have window air-conditioning, and each primary bedroom includes a walk-in closet. A porch is among the property’s exterior features. Unit B has a washer and dryer, while Side A has central heat.
Built in 1990, the 1,866-square-foot property is connected to public water and public sewer. The duplex is in Houma, with a mall, movie theater, shopping, and dining described as a short drive away.
Built in 1990, the 1,866-square-foot property is connected to public water and public sewer. The duplex is in Houma, with a mall, movie theater, shopping, and dining described as a short drive away.
Key Highlights
- Two 3‑bedroom, 2‑bath units, each with 933 sq. ft. of living space
- 1,866‑square‑foot duplex built in 1990
- Brick construction with a porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,034
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,680
$280.7K
Cap Rate 7%
$200,486
$200.5K
Cap Rate 9%
$155,933
$155.9K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$21.9K $11.76/SF
− Vacancy
−$1.9K −$1.02/SF
EGI
$20.0K $10.74/SF
− OpEx
−$6.0K −$3.22/SF
NOI
$14.0K $7.52/SF
Area
Terrebonne County, LA
Vacancy
8.64%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,680
Cap Rate 7%
$200,486
Cap Rate 9%
$155,933
Alternative Uses
Best Use
Multifamily LT 5
$200.5K
$175.4K – $233.9K
NOI $14,034 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$174.3K
$152.5K – $203.4K
NOI $12,202 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$514.4K
$450.1K – $600.1K
NOI $36,006 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
140
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, two bathrooms, and a walk-in closet in the primary suite.
Where is this duplex located?
The property is located at 502 IDLEWILD Drive Houma, LA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units, each with 933 sq. ft. of living space; 1,866‑square‑foot duplex built in 1990; Brick construction with a porch
