25-Unit Apartment
For Sale
$2,950,000
Pending
6 Kandy Ln, Lake Charles, LA 70605
Recently built apartment property with convenient access to major roads.
Property Size41,987 SF
Days on Market448
Property Features for 6 Kandy Ln
General Information
Standard status
Pending
Size
41,987 SF
Total Parking Spaces
76
Property subtype
Multifamily
Amenities
Power
Water
Sewer
76 Parking Spaces
Building Details
Year Built
2019
Listing Agency:
NVST Real Estate Solutions
Listed By:
Blake Soto · License #995711584
(337) 764-6556
Source:
Lacdb.resimplifi
Added: Jul 28, 2025
Changed: Oct 9
Last Checked: Oct 16 at 5:41AM
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 NVST Real Estate Solutions
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property contains 25 residential units across a 41,987-square-foot building on 3.72 acres. Constructed in 2019, the asset is positioned as an income-producing residential property with a site area that may support additional townhome expansion.
The property is located at 6 Kandy Ln in Lake Charles, near W. Prien Lake Road and Sale Road. Prien Lake Park is nearby, and I-210 can be reached via Cove Lane, providing regional roadway connectivity.
The property is located at 6 Kandy Ln in Lake Charles, near W. Prien Lake Road and Sale Road. Prien Lake Park is nearby, and I-210 can be reached via Cove Lane, providing regional roadway connectivity.
Key Highlights
- 25 residential units
- 41,987‑square‑foot apartment building
- 3.72‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$245,357
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,907,140
$4.9M
Cap Rate 7%
$3,505,100
$3.5M
Cap Rate 9%
$2,726,189
$2.7M
Market Conditions
NOI Build-Up for 41,987 SF
Gross rent
$478.7K $11.40/SF
− Vacancy
−$32.5K −$0.78/SF
EGI
$446.1K $10.62/SF
− OpEx
−$200.7K −$4.78/SF
NOI
$245.4K $5.84/SF
Area
Calcasieu County, LA
Vacancy
6.80%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,907,140
Cap Rate 7%
$3,505,100
Cap Rate 9%
$2,726,189
Alternative Uses
Best Use
Apartment 5plus
$3.51M
$3.07M – $4.09M
NOI $245,357 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.05M
$7.92M – $10.56M
NOI $633,521 @ 7.0% cap · market cap 21.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
71
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
Frequently Asked Questions
What type of property is this?
Apartment building - Recently built apartment property with convenient access to major roads.
Where is this apartment building located?
The property is located at 6 Kandy Ln Lake Charles, LA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 25 residential units; 41,987‑square‑foot apartment building; 3.72‑acre site
