609 Legion Ave · Houma, LA 70364

$95,000

3 bd · 2.0 ba · 1,913 sqft · SingleFamily · 984 Days on market

Built 1924 Fair condition 8,276 sqft lot $50/sqft · 43% below area Est $167k · 43% under ↓ 24% since listing

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL... CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

Key facts

• 8,276 sq ft lot
• Built 1924
• Listed 983 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $95k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $547 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 4.0% in Houma — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#165 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: employment D, crime D-, amenities F.
• Terrebonne Parish (other): math 32% / reading 46% proficiency, ranked #23 of 98 in LA (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 311 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 300 units permitted in Terrebonne Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 984 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $30k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 984 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.60% ✓
• Cap rate: 13.21%
• Cash-on-cash: 24.69%
• DSCR: 2.10
• GRM: 5.2

CMA / ARV

• ARV (median comp): $167,328
• List price: $95,000
• Delta: -43.23%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
214 Cenac St	0.17mi	3/2.0	1,692 (-12%)	1mo	$156,900	$93	72
217 Birch Ave	0.28mi	3/2.0	1,720 (-10%)	3mo	$225,000	$131	68
905 Peach St	0.61mi	3/2.0	1,898 (-1%)	4mo	$65,000	$34	67
409 Suthon Ave	0.19mi	3/2.0	1,733 (-9%)	11mo	$268,000	$155	66
401 Maple Ave	0.40mi	3/2.0	2,125 (+11%)	0mo	$218,000	$103	62
115 Suthon Ave	0.29mi	3/1.5	1,712 (-10%)	7mo	$188,000	$110	61
527 Maple Ave	0.46mi	3/2.0	1,750 (-8%)	7mo	$169,900	$97	59
657 Duval Ave	0.49mi	3/2.5	2,019 (+6%)	9mo	$205,000	$102	59
1113 Suthon Ave	0.50mi	3/2.5	1,728 (-10%)	1mo	$169,500	$98	58
659 Duval Ave	0.49mi	4/2.0 (+1)	1,786 (-7%)	9mo	$159,900	$90	53
7705 Park Ave	0.55mi	3/2.0	2,194 (+15%)	2mo	$239,900	$109	48
261 Mckinley St	0.62mi	3/2.5	2,167 (+13%)	1mo	$40,500	$19	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.1%
• Equity multiple: 1.73×
• Total profit: $19,481
• Equity at exit: $14,165

10-year hold

• IRR: 26.5%
• Equity multiple: 3.33×
• Total profit: $61,934
• Equity at exit: $8,214

Cash invested: $26,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Louisiana: 90 Strongly Landlord-Friendly · R+12
• County: — inherits STATE
• City: — inherits STATE

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70364

• Active inventory: 311
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,524 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $547

Break-even live

Break-even rent $831

Max offer price $95,000

Occupancy floor 59%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
735 A School St Unit A Houma, LA	3.0	2.0	1450	$1,600	$1.10	44d	1	0.43mi
717 Wood St Houma, LA	3.0	2.0	1534	$1,300	$0.85	44d	1	0.54mi

Listing history 27 events

1. 2026-06-19
   days on market $95,000 Active 984 DOM
2. 2026-06-18
   days on market $95,000 Active 983 DOM
3. 2026-06-17
   days on market $95,000 Active 982 DOM
4. 2026-06-16
   days on market $95,000 Active 981 DOM
5. 2026-06-15
   days on market $95,000 Active 980 DOM
6. 2026-06-14
   days on market $95,000 Active 978 DOM
7. 2026-06-13
   days on market $95,000 Active 977 DOM
8. 2026-06-10
   days on market $95,000 Active 975 DOM
9. 2026-06-09
   days on market $95,000 Active 974 DOM
10. 2026-06-08
    days on market $95,000 Active 973 DOM
11. 2026-06-07
    days on market $95,000 Active 972 DOM
12. 2026-06-05
    days on market $95,000 Active 969 DOM
13. 2026-06-03
    days on market $95,000 Active 968 DOM
14. 2026-06-02
    days on market $95,000 Active 967 DOM
15. 2026-06-01
    days on market $95,000 Active 966 DOM
16. 2026-05-31
    days on market $95,000 Active 965 DOM
17. 2026-05-30
    days on market $95,000 Active 964 DOM
18. 2026-03-12
    price $95,000 1389-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

19. 2026-03-12
    price $95,000 1390-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

20. 2025-10-28
    price $115,000 1389-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

21. 2025-10-28
    price $115,000 1390-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

22. 2025-08-26
    price $120,000 1389-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

23. 2025-08-26
    price $120,000 1390-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

24. 2024-12-11
    listed $125,000 Active 1390-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

25. 2024-12-11
    historical 1390-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

26. 2023-10-06
    listed $125,000 Active 1389-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

27. 2023-10-06
    listed $125,000 Active 1390-char remark

    Show marketing remark (1390 chars)

    RESIDENTIAL OR COMMERCIAL- MULTI-USE ZONING. PRE-APPROVAL LETTER BEFORE ANY APPOINTMENTS ARE MADE - HAVE YOUR AGENT SEND A COPY TO THE SELLERS AGENT FOR APPROVAL. .. CAN BE RESIDENTIAL OR COMMERCIAL. HAS BEEN THE WISHING WELL GIFT- BUSINESS RECENTLY CLOSED -SELLING "AS IS". CALL YOUR FAVORITE AGENT TO SET UP AN APPOINTMENT FOR YOU. THE LISTING AGENT OR THE SELLER TO BE PRESENT. BUILDING WAS A RESIDENCE AT ONE TIME IN THE PAST. HOWEVER, THE ZONING MULTI-USE ZONING -A C-2 IS ALSO LIGHT COMMERCIAL. DRIVE BY AND SEE HOW LARGE the LOT IS- THE LOT LINE GOES TO THE CORNER OF LEGION AND RUTH ST. ROOM FOR EXTRA OFF-STREET PARKING on the side for 6 or possibly more vehicles, depending on size of vehicles. There is a two-car covered parking carport attached to the building. ACROSS FROM THE FIRE STATION ON LEGION AVE. Check with TPPZ for permits for intended use. IN NEED OF SOME REPAIRS/RENOVATIONS/UPDATING BUT COULD SURE BE A GREAT LITTLE DOWNTOWN COTTAGE WHEN COMPLETE! Ask your agent for a copy of the Property Disclosure. CORRECTION: ZIP CODE IS 70364 BUT WAS LISTED AS 70360 ON SOME PAPERWORK. THERE ARE NO KITCHEN APPLIANCES IN BUILDING. There is a living space - 19' X 12' +/- that could be renovated into a bedroom if need be. Looking from the front facing the desk-living area, the open area to your left side could perhaps be renovated into an extra bedroom if needed.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $18,285
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$1,463
• − Management: −$1,463
• − Depreciation: −$2,764
• Taxable income: $5,374
• Est. tax owed @ 24.0%: −$1,290
• After-tax cash flow: $5,277/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

The property requires moderate repairs and maintenance, with potential for significant value increase through painting, landscaping, and kitchen updates.

Repairs flagged

• Moderate Kitchen cabinets — Worn condition
• Minor Paint touch-up — Faded paint on interior walls

Value-add opportunities

• Both Painting and touch-up — Enhances curb appeal and interior aesthetics
• Both Landscaping — Improves curb appeal and enhances property value
• Both Kitchen cabinets replacement — Modernizes kitchen and improves functionality

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn condition	Moderate	$3,000–15,000
Paint touch-up · Faded paint on interior walls	Minor	$500–3,000
Total estimated repair cost · 2 items		$3,500–18,000

Value-add ROI direction

• Both Painting and touch-up — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping — Improves curb appeal and enhances property value ↑
• Both Kitchen cabinets replacement — Modernizes kitchen and improves functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Terrebonne Parish
• NCES district ID: 2201740
• Math proficiency: 32% ▼ -36.00%
• Reading proficiency: 46% ▼ -30.00%
• Median HH income: $47,612
• Composite: 33.38/100
• National rank: #5480
• State rank: #23 of 98 in LA

Livability — Houma

• Score: 64/100
• State rank: #165
• US rank: #13966

Category grades

Amenities F Commute F Cost of living A+ Crime D- Employment D Housing A Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Houma, LA
• County: Terrebonne Parish · 57,290 people
• City population: 57,290
• Metro: Houma-Thibodaux, LA
• Population (ZIP): 28,716
• Household income: $68,843
• Rent vs Own: 25.5% rent · 74.5% own
• Severe rent burden: 387.0

Population outlook (Terrebonne County) Hauer SSP2

• Today (2025): 118,724 people
• By 2030: 120,321 · +1.3%
• By 2040: 121,894 · +2.7%
• By 2050: 121,119 · +2.0%
• By 2075: 117,270 · -1.2%
• By 2100: 107,544 · -9.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 16% Hispanic / Latino 9% Two or more races 9% Native American 7% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Lithuanian 17% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 4% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Terrebonne

• 2024 margin: Solid R (+51.8) · D 23.5% · R 75.3% · Other 1.2%
• 2008→2024 swing: -11.0pp toward R · 2008: -40.9pp · 2024: -51.8pp
• All cycles: 2024: R+51.8 2020: R+50.0 2016: R+48.4 2012: R+41.2 2008: R+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.75%
• Current HPI: 113.1047
• Rent YoY: —
• Metro: Houma-Thibodaux, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

-24.0% since first listed

10 events — show timeline

• 2026-03-12 Price Changed $95,000 AcadianaMLS
• 2026-03-12 Price Changed $95,000 GBRMLS
• 2025-10-28 Price Changed $115,000 AcadianaMLS
• 2025-10-28 Price Changed $115,000 GBRMLS
• 2025-08-26 Price Changed $120,000 AcadianaMLS
• 2025-08-26 Price Changed $120,000 GBRMLS
• 2024-12-11 Listed $125,000 GBRMLS
• 2024-12-11 Delisted — GBRMLS
• 2023-10-06 Listed $125,000 GBRMLS
• 2023-10-06 Listed $125,000 AcadianaMLS