Downtown Houma Multifamily
813 Wood St Houma, LA 70360
813 Wood St, Houma, LA, 70360
$240,000
For Sale
$240,000
MULTI_FAMILY - Houma, LA
Property Size2,241 SF
Lot Size0.16 Acres
Price / SF$107.10
Days on Market188
Property Features for 813 Wood St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- On Street
- Interior features
- Units Vary
- Appliances
- Washer/Dryer All, Microwave, Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 2,241 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- LOT 9 BLOCK 57 LOVENSTEIN ADDITION.
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Flooring type
- Vinyl, Wood, Tile, Tile - Ceramic
- Building materials
- Asbestos Siding
- Roof type
- Shingle
Listing Agency
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
6273 W Park Avenue, Houma, LA
Listed by
Kristy Hebert Graham · License #995685757
(985) 262-4400
Added: Jan 13 Checked: Jul 20 at 8:06 am
MLS# 2026000787
Listing URL
Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in downtown Houma, this multifamily property features two separate units under one roof. The property showcases classic architectural details and a thoughtful design. Each unit has been carefully maintained. The dual-unit configuration provides flexibility and steady cash flow, making it an ideal addition to any real estate portfolio. Owner-occupants can significantly offset their mortgage while building equity, while investors can enjoy returns from two income streams in a single property. Residents enjoy convenient access to the city's dining, shopping, and entertainment options. The convenience of downtown living combined with the warmth of a residential neighborhood makes this location special. The property offers tenants the lifestyle they're seeking, which translates to strong rental demand and tenant retention. The lot size is 0.157 acres. The property size is 2241 square feet.
Key Highlights
- Two separate units under one roof
- Central heating and central air
- All units have washer/dryer, plus microwave, range/oven, and refrigerator
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 | $26.4k | $11.76 |
| − Vacancy | −$2.3k | −$1.02 |
| EGI | $24.1k | $10.74 |
| − OpEx | −$7.2k | −$3.22 |
| NOI | $16.9k | $7.52 |
2,241 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.8K
$210.7K – $280.9K
NOI $16,854 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$209.4K
$183.2K – $244.3K
NOI $14,655 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$617.7K
$540.5K – $720.7K
NOI $43,242 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wood Street Apartments
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Charming multifamily property in downtown Houma with two separate units.
Where is this duplex located?
The property is located at 813 Wood St Houma, LA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two separate units under one roof; Central heating and central air; All units have washer/dryer, plus microwave, range/oven, and refrigerator
