Two-Unit Duplex
New
For Sale
$184,500
824 Link Rd, Lake Charles, LA 70607
Rented duplex near McNeese University with two-bedroom units, central heating and cooling, and private backyard space.
Property Size1,542 SF
Price / SF$119.65
Days on Market2
Property Features for 824 Link Rd
General Information
Standard status
Active
Size
1,542 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
spacious backyard
Building Details
Year Built
2000
Listing Agency:
CENTURY 21 Bessette Flavin
Listed By:
Larry Turner · License #4569
(337) 540-1916
Source:
Athomerealtyla
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 15 at 2:33PM
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 CENTURY 21 Bessette Flavin
Investment Insights
Based on property information with market context.
Built in 2000, this duplex contains two residential units measuring 771 square feet each. Both layouts include two bedrooms, one bathroom, a living room, dining area, and kitchen equipped with a refrigerator, stove, oven, dishwasher, and washer/dryer. Hard-surface flooring and central heating and cooling are installed throughout both units.
The property is located at 824 Link Rd in Lake Charles, near McNeese University. Each unit has two access doors and shares access to a spacious backyard. Both units are currently rented, providing an occupied two-unit configuration for a residential income property buyer.
The property is located at 824 Link Rd in Lake Charles, near McNeese University. Each unit has two access doors and shares access to a spacious backyard. Both units are currently rented, providing an occupied two-unit configuration for a residential income property buyer.
Key Highlights
- Two‑unit duplex with 1,542 total square feet
- Each unit offers 2 bedrooms, 1 bathroom, and 771 sq ft
- Both units are currently rented
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
$10,184
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
5.52%
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%
$203,680
$203.7K
Cap Rate 7%
$145,486
$145.5K
Cap Rate 9%
$113,156
$113.2K
Market Conditions
NOI Build-Up for 1,542 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
$15.7K $10.20/SF
− Vacancy
−$1.2K −$0.77/SF
EGI
$14.5K $9.44/SF
− OpEx
−$4.4K −$2.83/SF
NOI
$10.2K $6.60/SF
Area
Calcasieu County, LA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$203,680
Cap Rate 7%
$145,486
Cap Rate 9%
$113,156
Alternative Uses
Best Use
Multifamily LT 5
$145.5K
$127.3K – $169.7K
NOI $10,184 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$128.7K
$112.6K – $150.2K
NOI $9,011 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$332.4K
$290.8K – $387.8K
NOI $23,266 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 70607, LA
30,339
Population
13,692
Households
2.2
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
263
Density / Sq Mi
$58,427
Median Household Income
$35,815
Median Earnings
$1,053
Median Rent
$171,700
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?
Duplex - Rented duplex near McNeese University with two-bedroom units, central heating and cooling, and private backyard space.
Where is this duplex located?
The property is located at 824 Link Rd Lake Charles, LA.
What is the asking price?
The asking price for this property is $184,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,542 total square feet; Each unit offers 2 bedrooms, 1 bathroom, and 771 sq ft; Both units are currently rented
