Value-Add Triplex Income
For Sale
Contact for pricing
812 Lynnwood Avenue, Sulphur, LA 70663
Triplex with three fully occupied units: 3 bed/1 bath, 2 bed/1 bath, and 1 bed/1 bath in Sulphur.
Property Size2,770 SF
Price / SF$70.40
Days on Market200
Property Features for 812 Lynnwood Avenue
General Information
Standard status
Active
Size
2,770 SF
Property subtype
Multifamily
Net Operating Income
$19,824
Building Details
Year Built
1970
Buildings
1
Listing Agency:
The Real Estate Brokerage
Listed By:
Nathan Rose · License #995710074
(337) 661-9903
Source:
Crexi
Added: Feb 17
Changed: Sep 5
Last Checked: Sep 3 at 1:02AM
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 Real Estate Brokerage
Investment Insights
Based on property information with market context.
This income-producing triplex in Sulphur includes three separate, fully occupied units: a 3-bedroom/1-bath unit, a 2-bedroom/1-bath unit, and a 1-bedroom/1-bath unit. The property is set up for independent rental use across all three apartments.
The triplex is conveniently located near local amenities and employment centers, supporting ongoing tenant demand.
Offered for sale as a value-add multifamily opportunity, the property includes the existing rental income with the ability to consider renovations and long-term management to enhance returns.
The triplex is conveniently located near local amenities and employment centers, supporting ongoing tenant demand.
Offered for sale as a value-add multifamily opportunity, the property includes the existing rental income with the ability to consider renovations and long-term management to enhance returns.
Key Highlights
- Triplex built in 1970 in Sulphur with three separate residential units
- All three units are fully occupied: 3 bed/1 bath, 2 bed/1 bath, and 1 bed/1 bath
- Unit mix offers multiple tenancy sizes with a 3‑bedroom, 2‑bedroom, and 1‑bedroom configuration
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
$16,187
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
8.30%
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%
$323,740
$323.7K
Cap Rate 7%
$231,243
$231.2K
Cap Rate 9%
$179,856
$179.9K
Market Conditions
NOI Build-Up for 2,770 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
$31.6K $11.40/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$29.4K $10.62/SF
− OpEx
−$13.2K −$4.78/SF
NOI
$16.2K $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 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%
$323,740
Cap Rate 7%
$231,243
Cap Rate 9%
$179,856
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.7K – $304.9K
NOI $18,294 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$231.2K
$202.3K – $269.8K
NOI $16,187 @ 7.0% cap · market cap 8.30%
Theoretical Best
Specialty Retail
$597.1K
$522.4K – $696.6K
NOI $41,795 @ 7.0% cap · market cap 21.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 70663, LA
29,325
Population
12,767
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
97.8 sq mi
ZIP Area
300
Density / Sq Mi
$59,444
Median Household Income
$37,587
Median Earnings
$914
Median Rent
$174,300
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?
Triplex - Triplex with three fully occupied units: 3 bed/1 bath, 2 bed/1 bath, and 1 bed/1 bath in Sulphur.
Where is this triplex located?
The property is located at 812 Lynnwood Avenue Sulphur, LA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Triplex built in 1970 in Sulphur with three separate residential units; All three units are fully occupied: 3 bed/1 bath, 2 bed/1 bath, and 1 bed/1 bath; Unit mix offers multiple tenancy sizes with a 3‑bedroom, 2‑bedroom, and 1‑bedroom configuration
