Value-Add Triplex Income
812 Lynnwood Avenue Sulphur, LA 70663
812 Lynnwood Avenue, Sulphur, LA, 70663
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For Sale
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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$90.25
Days on Market155
Property Features for 812 Lynnwood Avenue
General Information
- Standard status
- Active
- Size
- 2,770 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agency
The Real Estate Brokerage
(337) 661-9903
Listed by
Nathan Rose · License #995710074
Source
Crexi
Added: Feb 17 Updated: Jul 21 at 3:05PM Checked: Jul 21 at 3:05PM
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
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 | $28.3k | $10.20 |
| − Vacancy | −$2.1k | −$0.77 |
| EGI | $26.1k | $9.44 |
| − OpEx | −$7.8k | −$2.83 |
| NOI | $18.3k | $6.60 |
2,770 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.7K – $304.9K
NOI $18,294 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$231.2K
$202.3K – $269.8K
NOI $16,187 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$597.1K
$522.4K – $696.6K
NOI $41,795 @ 7.0% cap · market cap 16.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 $250,000.
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
