Excellent investment opportunity in Houma—16 total units across four well-maintained fourplex buildings located on adjacent parcels at 436 Richmond Ave and 411 Arlington Dr. Each unit offers 2 bedrooms / 1 bathroom with central air & heat, and includes a stove and refrigerator. The property features two on-site laundry rooms with leased coin-operated equipment, providing added income and convenience for residents. Ownership has completed numerous upgrades over time, including plumbing and electrical improvements, replacement of select sewer lines, and updated panel boxes. Exterior enhancements include vinyl soffit and fascia, cement parking areas, and security lighting on buildings and poles.
Professionally managed for long-term stability, this property offers consistent occupancy and strong rental demand within the Houma workforce housing market. Its clean operational history and straightforward management make it possible for both seasoned investors and new entrants seeking turnkey yield in a durable Louisiana submarket.
LISTING SNAPSHOT
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EXTERIOR
PRICE & LISTING HISTORY
Listing courtesy of Bridgewater Realty Advisors, LLC
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Comps
Limited comparable sales data available in this area.
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- Square Footage+$644,466
- Bedrooms+$258,835
- Bathrooms+$61,353
- Garage$0
- Lot Size−$36,812
- Market Trend+$1,445
- Square Footage+$708,056
- Bedrooms+$278,008
- Bathrooms+$61,353
- Garage$0
- Lot Size−$19,658
- Market Trend−$1,668
