Based on five units.
Recently reduced · Five-unit income property
1207 St. Charles Street
Thibodaux, Louisiana 70301
Recently reduced to$469,000
Listed by Brittny McKay · Real Estate Broker
Historical income at full occupancy
$6,566 per month
$78,792 annualized gross rent based on the December 2024 rent roll.
Unit 1 $1,300Unit 2 $1,300Unit 3 $1,266Unit 4 $1,300Unit 5 $1,400
Historical figures are not representations of current occupancy, current rent or future market rent. One unit is currently occupied at $1,243 per month; four units are vacant.Investment snapshot
Reduced price$469,000Historical monthly rent$6,566Historical annualized rent$78,792Price per unit$93,800Total unit mix5 units · 17 bedsUtilitiesSeparate metersLocationMinutes from Nicholls
Look inside
Property photos
The income opportunity
Five units with documented income history.
The December 2024 rent roll reflects $6,566 in monthly rent at full occupancy. At the recently reduced $469,000 price, an investor can focus on filling the four currently vacant units and returning the property to income production.
The property is in good overall condition, with several units featuring updates. One unit is currently occupied at $1,243 per month. The two-story building contains approximately 6,400 square feet of gross building area and 5,938 square feet of net rentable area.
Located only minutes from Nicholls State University, the property is positioned near a major Thibodaux educational institution.
Based on approximately 6,400 gross SF.
Based on approximately 5,938 rentable SF.
Based on the December 2024 full-occupancy rent roll and current asking price.
Unit mix
Five spacious residences.
Three 3-bedroom units and two 4-bedroom units provide a total of 17 bedrooms and 10 bathrooms across the property.
UnitBeds / BathsHistorical Rent*
Unit 13 / 2$1,300
Unit 23 / 2$1,300
Unit 33 / 2$1,266
Unit 44 / 2$1,300
Unit 54 / 2$1,400
Total17 beds / 10 baths$6,566
*Historical monthly rents shown on the December 23, 2024 rent roll. These are not representations of current occupancy, current rent or future market rent.Income and known expenses
Start with the documented numbers.
The figures below provide a starting point for underwriting. A cap rate is intentionally not advertised because complete operating expenses have not been provided. All property information currently available for marketing is presented on this page.
December 2024 historical monthly rent$6,566
Historical annualized gross rent$78,792
Current occupied-unit rent$1,243/mo.
Annual property taxes$2,411.65
Annual insurance quote$5,194
Insurance figure reflects a fire, wind, hail and liability quote dated March 2, 2026 and is not a binding current premium. Gross rent is not net operating income. Utilities, repairs, maintenance, management, vacancy, reserves, leasing costs and other expenses are not included.Contact the listing office
Interested in this property?
Contact listing broker Brittny McKay with questions, to discuss an offer or to learn the showing requirements. Proof of funds or lender prequalification may be requested before a showing is confirmed.
Prefer to speak with someone?Call the listing office · 504-517-5151Text the listing broker · Brittny McKay · 504-236-5749
Property profile
Five spacious multifamily units.
✓ Two-story multifamily building
✓ Approximately 6,400 gross building square feet
✓ Approximately 5,938 net rentable square feet
✓ Separate water and electric meters for each unit
✓ In-unit laundry
✓ Several units feature updates
✓ On-site parking; space count to be independently verified
✓ One occupied unit providing immediate income
✓ Four vacant units available for lease-up
✓ 40 × 180-foot lot per prior property records
Location
Minutes from Nicholls State University.
1207 St. Charles Street
Thibodaux, LA 70301
Approximately 3–5 minutes from the Nicholls State University area, depending on route and traffic.
Get directions →
Listing broker
Brittny McKay
Real Estate Broker
Licensed in Louisiana & Georgia
Important property disclosure
Bank-owned property being sold as-is. Seller will make no repairs. Buyer must independently verify measurements, rents, leases, expenses, occupancy, zoning, legal use, property condition, historical income and all other information material to the purchase. Information is deemed reliable but is not guaranteed.