Four-Duplex Investment
For Sale
$69,000
65 Eastwood St, Alexandria, LA 71301
Four duplex units are currently occupied by tenants, supporting immediate rental income potential.
Property Size487 SF
Price / SF$141.68
Days on Market42
Property Features for 65 Eastwood St
General Information
Standard status
Active
Size
487 SF
Property subtype
Residential Income
Building Details
Buildings
4
Tenancy
Multi
Listing Agency:
The Signature Brokerage
(318) 578-1098
Listed By:
Erin Teutsch · License #995709475
(318) 578-1098
Source:
Exprealty
Added: Jul 1
Changed: Aug 8
Last Checked: Aug 11 at 11:19AM
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 The Signature Brokerage
Investment Insights
Based on property information with market context.
This investor-focused property includes four duplex units, each with current tenants. The existing occupancy is positioned to support immediate rental income while providing a straightforward, multi-unit holding for an income-oriented portfolio.
The property is associated with multiple addresses in Alexandria, including 2816 Monroe Street, 48 Prospect Street, and 60 Eastwood Blvd, as well as 65 Eastwood St. This setup may appeal to investors seeking to consolidate several duplex assets within a single acquisition.
Because the units are already tenant-occupied, the opportunity centers on acquiring an income-generating multi-duplex package rather than developing or repositioning a property from vacancy.
The property is associated with multiple addresses in Alexandria, including 2816 Monroe Street, 48 Prospect Street, and 60 Eastwood Blvd, as well as 65 Eastwood St. This setup may appeal to investors seeking to consolidate several duplex assets within a single acquisition.
Because the units are already tenant-occupied, the opportunity centers on acquiring an income-generating multi-duplex package rather than developing or repositioning a property from vacancy.
Key Highlights
- Four duplex units with current tenants
- Includes 2816 Monroe Street in Alexandria
- Includes 48 Prospect Street in Alexandria
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
$4,074
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
5.90%
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%
$81,480
$81.5K
Cap Rate 7%
$58,200
$58.2K
Cap Rate 9%
$45,267
$45.3K
Market Conditions
NOI Build-Up for 487 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
$6.4K $13.08/SF
− Vacancy
−$550 −$1.13/SF
EGI
$5.8K $11.95/SF
− OpEx
−$1.7K −$3.58/SF
NOI
$4.1K $8.36/SF
Area
Rapides County, LA
Vacancy
8.64%
Lease Rate
$13.08 /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%
$81,480
Cap Rate 7%
$58,200
Cap Rate 9%
$45,267
Alternative Uses
Best Use
Multifamily LT 5
$58.2K
$50.9K – $67.9K
NOI $4,074 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$51.8K
$45.3K – $60.4K
NOI $3,623 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$134.2K
$117.5K – $156.6K
NOI $9,397 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 71301, LA
20,454
Population
9,173
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
12.5 sq mi
ZIP Area
1,636
Density / Sq Mi
$44,330
Median Household Income
$31,233
Median Earnings
$919
Median Rent
$156,700
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 - Four duplex units are currently occupied by tenants, supporting immediate rental income potential.
Where is this duplex located?
The property is located at 65 Eastwood St Alexandria, LA.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: Four duplex units with current tenants; Includes 2816 Monroe Street in Alexandria; Includes 48 Prospect Street in Alexandria
