Mixed-Use Double with Parking
920 Lafayette Street Gretna, LA 70053
920 Lafayette Street, Gretna, LA, 70053
$375,000
For Sale
$375,000
Shotgun-style double with separate utilities, central HVAC, and a rear parking lot with direct Lafayette Street access.
Property Size1,988 SF
Price / SF$188.63
Days on Market11
Property Features for 920 Lafayette Street
General Information
- Standard status
- Active
- Size
- 1,988 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing Agency
McEnery Residential, LLC
(228) 806-9096
Listed by
Mimi Brown · License #995719954
(228) 806-9096
Source
Compass
Added: Jul 7 Checked: Jul 17 at 2:58 am
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 McEnery Residential, LLC
Investment Insights
Based on property information with market context.
This versatile property is currently configured as a shotgun-style double, with each side offering a full kitchen, full bathroom, and laundry room. Each unit also provides multiple exterior access points. The property includes separate utilities and central HVAC systems, with soaring ceilings and abundant natural light.
The asset is located on highly visible Lafayette Street and is zoned C-1 Neighborhood Commercial, which is intended to support retail goods and select services serving the surrounding community. The C-1 district encourages small-scale, pedestrian-oriented businesses within one- and two-story structures that are compatible with adjacent residential neighborhoods.
A spacious rear parking lot provides off-street parking and includes direct access to Lafayette Street, supporting practical day-to-day operations for commercial or residential use.
The asset is located on highly visible Lafayette Street and is zoned C-1 Neighborhood Commercial, which is intended to support retail goods and select services serving the surrounding community. The C-1 district encourages small-scale, pedestrian-oriented businesses within one- and two-story structures that are compatible with adjacent residential neighborhoods.
A spacious rear parking lot provides off-street parking and includes direct access to Lafayette Street, supporting practical day-to-day operations for commercial or residential use.
Key Highlights
- Shotgun‑style double with 4 bedrooms and 2 full bathrooms; each side includes a full bathroom, full kitchen, and laundry room.
- Separate utilities plus central HVAC for added flexibility by unit or for mixed residential/commercial use.
- Property configured with multiple exterior access points for each unit side and options to operate as commercial space or residential.
Local Financial Insights For Retail
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 | $45.8k | $23.04 |
| − Vacancy | −$916 | −$0.46 |
| EGI | $44.9k | $22.58 |
| − OpEx | −$13.5k | −$6.77 |
| NOI | $31.4k | $15.81 |
1,988 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$448.9K
$392.8K – $523.7K
NOI $31,421 @ 7.0% cap · market cap 8.38%
Second Best
Multifamily LT 5
$311.7K
$272.7K – $363.6K
NOI $21,817 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$524.5K
$458.9K – $611.9K
NOI $36,714 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Shotgun-style double with separate utilities, central HVAC, and a rear parking lot with direct Lafayette Street access.
Where is this duplex located?
The property is located at 920 Lafayette Street Gretna, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Shotgun‑style double with 4 bedrooms and 2 full bathrooms; each side includes a full bathroom, full kitchen, and laundry room.; Separate utilities plus central HVAC for added flexibility by unit or for mixed residential/commercial use.; Property configured with multiple exterior access points for each unit side and options to operate as commercial space or residential.
