Value-Add Triplex Income
For Sale
$195,000
812 Lynnwood Ave, 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 Market96
Property Features for 812 Lynnwood Ave
General Information
Standard status
Active
Size
2,770 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
The Real Estate Brokerage
Listed By:
Nathan Rose · License #995710074
(337) 661-9903
Source:
Athomerealtyla
Added: Jul 18
Changed: Oct 7
Last Checked: Oct 21 at 12:50AM
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
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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 / Yr
$16,187
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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 Ave 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
