Two-Residence Multifamily
For Sale
$200,000
8165 Gum St, Houma, LA 70364
Two separate homes on one parcel provide a flexible residential income configuration.
Property Size1,260 SF
Price / SF$158.73
Days on Market40
Property Features for 8165 Gum St
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Residential Income
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Drake Eschete · License #995710570
(985) 226-7885
Source:
Exprealty
Added: Sep 20
Changed: Oct 27
Last Checked: Oct 28 at 10:00AM
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 KELLER WILLIAMS REALTY BAYOU P
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Investment Insights
Based on property information with market context.
This multifamily property at 8165 Gum St in Houma, LA includes two separate residences conveyed together on one parcel. The primary home contains approximately 759 square feet with two bedrooms and one bathroom. A separate cottage adds approximately 501 square feet, along with one bedroom and one bathroom, bringing the combined property size to 1,260 square feet.
Both residences were previously used as rental homes, creating a two-unit configuration for continued rental use or owner occupancy with a separate residence on site. The property’s layout offers distinct living spaces within a single ownership arrangement.
Both residences were previously used as rental homes, creating a two-unit configuration for continued rental use or owner occupancy with a separate residence on site. The property’s layout offers distinct living spaces within a single ownership arrangement.
Key Highlights
- Two separate residences sold together on one parcel
- Main home measures approximately 759 sq. ft. with 2 bedrooms and 1 bathroom
- Separate cottage offers approximately 501 sq. ft. with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,240
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,800
$164.8K
Cap Rate 7%
$117,714
$117.7K
Cap Rate 9%
$91,556
$91.6K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$16.5K $13.08/SF
− Vacancy
−$1.5K −$1.19/SF
EGI
$15.0K $11.89/SF
− OpEx
−$6.7K −$5.35/SF
NOI
$8.2K $6.54/SF
Area
Terrebonne County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,800
Cap Rate 7%
$117,714
Cap Rate 9%
$91,556
Alternative Uses
Best Use
Apartment 5plus
$117.7K
$103.0K – $137.3K
NOI $8,240 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.3K
$303.9K – $405.2K
NOI $24,313 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
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Business Placement
Demographics for 70364, LA
29,559
Population
12,423
Households
2.4
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
42.2 sq mi
ZIP Area
700
Density / Sq Mi
$68,909
Median Household Income
$36,164
Median Earnings
$1,004
Median Rent
$195,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate homes on one parcel provide a flexible residential income configuration.
Where is this multifamily property located?
The property is located at 8165 Gum St Houma, LA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two separate residences sold together on one parcel; Main home measures approximately 759 sq. ft. with 2 bedrooms and 1 bathroom; Separate cottage offers approximately 501 sq. ft. with 1 bedroom and 1 bathroom
