Two-Unit Residential Income
721 Moss Street Lake Charles, LA 70601
721 Moss Street, Lake Charles, LA, 70601
Contact for pricing
For Sale
Contact for pricing
Historic district duplex with a rented 1-bed garage apartment plus a 3-bed main home featuring an oversized kitchen and sunroom.
Property Size2,064 SF
Price / SF$133.24
Days on Market80
Property Features for 721 Moss Street
General Information
- Standard status
- Active
- Size
- 2,064 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1909
Listing agency
Rhino Real Estate
(337) 274-8434
Listed by
Kelley Gueringer · License #995686353
Source
Crexi
Added: May 5 Updated: Jul 23 at 6:21AM Checked: Jul 23 at 6:21AM
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 Rhino Real Estate
Investment Insights
Based on property information with market context.
This two-unit residential income property combines a main home and an additional garage apartment. The main house offers 3 bedrooms and 2 bathrooms, with an oversized kitchen, a sunroom off the kitchen, a formal dining room, a fireplace, and an additional second-floor room suited for storage. Period details include original wood floors, crown molding, and chandeliers, and the home is further supported by a garage/shop in the back for storage or tools.
Located in the historic district in downtown Lake Charles, the layout supports both owner-occupancy and rental income. The detached garage apartment adds 1 bedroom and 1 bathroom and is currently rented, with 578 square feet noted as not included in the main square footage.
The seller is also offering a $15,000 allowance for exterior paint and siding repairs.
Located in the historic district in downtown Lake Charles, the layout supports both owner-occupancy and rental income. The detached garage apartment adds 1 bedroom and 1 bathroom and is currently rented, with 578 square feet noted as not included in the main square footage.
The seller is also offering a $15,000 allowance for exterior paint and siding repairs.
Key Highlights
- 1909 historic district home in downtown Lake Charles with a 3‑bedroom, 2‑bath main house plus an additional rented garage apartment
- Main house features an oversized kitchen plus a sunroom off the kitchen and a formal dining room
- Original wood floors, crown moulding, and chandeliers in the main house
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.1k | $10.20 |
| − Vacancy | −$1.6k | −$0.77 |
| EGI | $19.5k | $9.44 |
| − OpEx | −$5.8k | −$2.83 |
| NOI | $13.6k | $6.60 |
2,064 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$194.7K
$170.4K – $227.2K
NOI $13,632 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$172.3K
$150.8K – $201.0K
NOI $12,061 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rhino Rhenovators and Roofing, ...
Roofing Company
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Historic district duplex with a rented 1-bed garage apartment plus a 3-bed main home featuring an oversized kitchen and sunroom.
Where is this duplex located?
The property is located at 721 Moss Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1909 historic district home in downtown Lake Charles with a 3‑bedroom, 2‑bath main house plus an additional rented garage apartment; Main house features an oversized kitchen plus a sunroom off the kitchen and a formal dining room; Original wood floors, crown moulding, and chandeliers in the main house
