Four-Unit Multifamily
For Sale
$304,000
902 Domingue St, Scott, LA 70583
Four occupied residences provide a mix of two- and three-bedroom rental units with optional management support.
Property Size3,407 SF
Price / SF$89.23
Days on Market27
Property Features for 902 Domingue St
General Information
Standard status
Active
Size
3,407 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2 bed/1 bath, 2 x 3 bed/1 bath
Multifamily Units
4
Additional Details
Gross Income
$41,100
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Jamie Knight · License #69168
Source:
Athomerealtyla
Added: Aug 4
Changed: Aug 30
Last Checked: Aug 30 at 12:21AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This four-residence multifamily property comprises 3,407 square feet and includes two-bedroom and three-bedroom homes, each configured with one bathroom. The units are located at 902, 906, and 910 Domingue Street, along with 910 1/2 Domingue Street. All four residences are currently rented, providing an established operating profile for a residential income property.
Optional built-in management services are available but are not required. Lease copies, insurance cost estimates, property taxes, and operating expenses are available by request. The property is part of a larger portfolio of rental homes being offered for sale.
Optional built-in management services are available but are not required. Lease copies, insurance cost estimates, property taxes, and operating expenses are available by request. The property is part of a larger portfolio of rental homes being offered for sale.
Key Highlights
- Four occupied rental residences totaling 3,407 square feet
- Unit mix includes two 2‑bedroom/1‑bath homes and two 3‑bedroom/1‑bath homes
- Properties include 902, 906, 910, and 910 1/2 Domingue Street
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
$22,364
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
7.36%
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%
$447,280
$447.3K
Cap Rate 7%
$319,486
$319.5K
Cap Rate 9%
$248,489
$248.5K
Market Conditions
NOI Build-Up for 3,407 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
$45.8K $13.44/SF
− Vacancy
−$5.1K −$1.51/SF
EGI
$40.7K $11.93/SF
− OpEx
−$18.3K −$5.37/SF
NOI
$22.4K $6.56/SF
Area
Lafayette County, LA
Vacancy
11.20%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
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%
$447,280
Cap Rate 7%
$319,486
Cap Rate 9%
$248,489
Alternative Uses
Best Use
Apartment 5plus
$319.5K
$279.6K – $372.7K
NOI $22,364 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$805.5K
$704.8K – $939.8K
NOI $56,387 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 70583, LA
11,981
Population
4,476
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
82%
High-School Grad
28.4 sq mi
ZIP Area
422
Density / Sq Mi
$52,856
Median Household Income
$45,131
Median Earnings
$877
Median Rent
$130,400
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?
Multifamily property - Four occupied residences provide a mix of two- and three-bedroom rental units with optional management support.
Where is this multifamily property located?
The property is located at 902 Domingue St Scott, LA.
What is the asking price?
The asking price for this property is $304,000.
What are key features of this property?
This property features: Four occupied rental residences totaling 3,407 square feet; Unit mix includes two 2‑bedroom/1‑bath homes and two 3‑bedroom/1‑bath homes; Properties include 902, 906, 910, and 910 1/2 Domingue Street
