Renovated Duplex with Apartment
For Sale
$209,900
716 South 1st Street, Amite, LA 70422
Updated finishes, separate entrances, laundry hookups, and on-site parking support flexible two-unit occupancy.
Property Size1,945 SF
Price / SF$107.92
Days on Market193
Property Features for 716 South 1st Street
General Information
Standard status
Active
Size
1,945 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Additional Details
Multifamily Units
2
Amenities
Central Air
Central
1
3
4
both in unit
Asphalt
2
Pillar/Post/Pier
Brick, Vinyl Siding
Building Details
Year Built
1961
Listing Agency:
Gulf States Real Estate Services of Louisiana, L.L
(985) 969-3960
Listed By:
Trent Anthony · License #995707427
(985) 969-3960
Source:
Compass
Added: Feb 20
Changed: Aug 30
Last Checked: Aug 30 at 2:33PM
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 Gulf States Real Estate Services of Louisiana, L.L
Investment Insights
Based on property information with market context.
This 1,945-square-foot duplex, built in 1961, has undergone a comprehensive renovation covering interior finishes and major systems. The property includes a primary residence plus a separate 1 bed, 1 bath apartment suite. Each unit has its own entrance and washer/dryer hookups, with ample parking serving the property.
Located at 716 South 1st Street in Amite, the property is within walking distance of shopping and dining, while Hammond is a short drive away. The home is situated in Flood Zone X and has never flooded.
Located at 716 South 1st Street in Amite, the property is within walking distance of shopping and dining, while Hammond is a short drive away. The home is situated in Flood Zone X and has never flooded.
Key Highlights
- 1,945‑square‑foot duplex with a separate 1 bed, 1 bath apartment suite
- Comprehensive renovation includes all new finishes and major systems
- Both units have separate entrances and washer/dryer hookups
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
$14,628
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
6.97%
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%
$292,560
$292.6K
Cap Rate 7%
$208,971
$209.0K
Cap Rate 9%
$162,533
$162.5K
Market Conditions
NOI Build-Up for 1,945 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
$22.9K $11.76/SF
− Vacancy
−$2.0K −$1.02/SF
EGI
$20.9K $10.74/SF
− OpEx
−$6.3K −$3.22/SF
NOI
$14.6K $7.52/SF
Area
Tangipahoa 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 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%
$292,560
Cap Rate 7%
$208,971
Cap Rate 9%
$162,533
Alternative Uses
Best Use
Multifamily LT 5
$209.0K
$182.9K – $243.8K
NOI $14,628 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$181.7K
$159.0K – $212.0K
NOI $12,719 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$536.2K
$469.2K – $625.5K
NOI $37,532 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 70422, LA
13,863
Population
6,204
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
84%
High-School Grad
157.5 sq mi
ZIP Area
88
Density / Sq Mi
$50,412
Median Household Income
$36,534
Median Earnings
$844
Median Rent
$169,900
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 - Updated finishes, separate entrances, laundry hookups, and on-site parking support flexible two-unit occupancy.
Where is this duplex located?
The property is located at 716 South 1st Street Amite, LA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1,945‑square‑foot duplex with a separate 1 bed, 1 bath apartment suite; Comprehensive renovation includes all new finishes and major systems; Both units have separate entrances and washer/dryer hookups
