910 8th Ave · Lake Charles, LA 70601

$175,000

6 bd · 5.0 ba · 4,678 sqft · MultiFamily · 278 Days on market

Built 1960 Fair condition 0.47 ac lot ↓ 12% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• Livability +3.4/5.0
• Schools +3.1/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

DRASTICALLY REDUCED PRICE! CASH FLOW OPPORTUNITY! ALL OFFERS WELCOME! Discover a unique investment opportunity in Central Lake Charles! This versatile commercial property offers a blend of business and residential potential, perfect for savvy investors and enterprising individuals. This property includes a well-appointed office space with 3 offices, a welcoming reception area, a practical kitchen, and a convenient bathroom. Accommodation features include a cozy 1-bedroom, 1-bath unit, a spacious 2-bedroom, 1- bath unit, and an expansive 3-bedroom, 3-bath home, all with separate electric meters and washer/dryer hook-ups, ensuring privacy and ease for occupants. Sturdy metal roofs and vinyl siding offer a low maintenance budget. Additional highlights include a large 23 x 95 storage area, 3 covered parking spots, and 5 additional parking spaces, catering to both residential and commercial needs. Situated on 0.47 acre lot in a desirable location near churches, schools, and popular eateries, this property is a beacon for a work-live-play lifestyle. Seize the chance to operate your own business, inhabit a lovely home, and manage 2 rentals simultaneously. This is more than an investment; it's a golden opportunity to craft the life you've imagined!

Key facts

• Convenient bathroom
• Commercial property
• Practical kitchen

Tags

• COMMERCIAL PROPERTY
• WELL-APPOINTED OFFICE SPACE
• WELCOMING RECEPTION AREA
• PRACTICAL KITCHEN
• CONVENIENT BATHROOM
• SEPARATE ELECTRIC METERS

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/?-bath units multifamily listed at $175k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $533/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.6% vs local median 4.3% in Lake Charles — 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 68/100 on livability (#95 in LA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities F, employment D-.
• Calcasieu Parish (other): math 30% / reading 44% proficiency, ranked #29 of 98 in LA (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.2%/yr); 363 active listings in the ZIP; 1,298 units permitted in Calcasieu Parish in 2024 (526 in 5+ unit buildings).
• At $2,881/mo this rent would consume 69% of the median local household income ($50k/yr) (locally 1304% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Calcasieu County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $49k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 278 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $24k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 278 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. Crime grade is F 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?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.65% ✓
• Cap rate: 13.61%
• Cash-on-cash: 26.12%
• DSCR: 2.16
• GRM: 5.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.18% rent growth · sell at horizon

5-year hold

• IRR: 23.4%
• Equity multiple: 2.00×
• Total profit: $49,130
• Equity at exit: $26,093

10-year hold

• IRR: 33.3%
• Equity multiple: 4.51×
• Total profit: $172,100
• Equity at exit: $15,131

Cash invested: $49,000 (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 70601

• Rents YoY: 6.2%
• Active inventory: 363
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $2,881 medium
• Mortgage (P&I): −$918
• Tax est. 1.5%: −$219 /mo · $2,625/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$605
• Net cashflow: $1,067

Break-even live

Break-even rent $1,531

Max offer price $175,000

Occupancy floor 58%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	—	$2,882
Total (2 units)			$2,881

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $175,000 Active 278 DOM
2. 2026-06-18
   days on market $175,000 Active 277 DOM
3. 2026-06-17
   days on market $175,000 Active 276 DOM
4. 2026-06-16
   days on market $175,000 Active 275 DOM
5. 2026-06-15
   days on market $175,000 Active 274 DOM
6. 2026-06-14
   days on market $175,000 Active 272 DOM
7. 2026-06-13
   days on market $175,000 Active 271 DOM
8. 2026-06-10
   days on market $175,000 Active 269 DOM
9. 2026-06-09
   days on market $175,000 Active 268 DOM
10. 2026-06-08
    days on market $175,000 Active 267 DOM
11. 2026-06-07
    days on market $175,000 Active 266 DOM
12. 2026-06-05
    days on market $175,000 Active 263 DOM
13. 2026-06-02
    days on market $175,000 Active 261 DOM
14. 2026-06-01
    days on market $175,000 Active 260 DOM
15. 2026-05-31
    days on market $175,000 Active 259 DOM
16. 2026-05-30
    days on market $175,000 Active 258 DOM
17. 2026-01-26
    status Active 1260-char remark

    Show marketing remark (1260 chars)

    DRASTICALLY REDUCED PRICE! CASH FLOW OPPORTUNITY! ALL OFFERS WELCOME! Discover a unique investment opportunity in Central Lake Charles! This versatile commercial property offers a blend of business and residential potential, perfect for savvy investors and enterprising individuals. This property includes a well-appointed office space with 3 offices, a welcoming reception area, a practical kitchen, and a convenient bathroom. Accommodation features include a cozy 1-bedroom, 1-bath unit, a spacious 2-bedroom, 1- bath unit, and an expansive 3-bedroom, 3-bath home, all with separate electric meters and washer/dryer hook-ups, ensuring privacy and ease for occupants. Sturdy metal roofs and vinyl siding offer a low maintenance budget. Additional highlights include a large 23 x 95 storage area, 3 covered parking spots, and 5 additional parking spaces, catering to both residential and commercial needs. Situated on 0.47 acre lot in a desirable location near churches, schools, and popular eateries, this property is a beacon for a work-live-play lifestyle. Seize the chance to operate your own business, inhabit a lovely home, and manage 2 rentals simultaneously. This is more than an investment; it's a golden opportunity to craft the life you've imagined!

18. 2026-01-26
    price $175,000 1260-char remark

    Show marketing remark (1260 chars)

    DRASTICALLY REDUCED PRICE! CASH FLOW OPPORTUNITY! ALL OFFERS WELCOME! Discover a unique investment opportunity in Central Lake Charles! This versatile commercial property offers a blend of business and residential potential, perfect for savvy investors and enterprising individuals. This property includes a well-appointed office space with 3 offices, a welcoming reception area, a practical kitchen, and a convenient bathroom. Accommodation features include a cozy 1-bedroom, 1-bath unit, a spacious 2-bedroom, 1- bath unit, and an expansive 3-bedroom, 3-bath home, all with separate electric meters and washer/dryer hook-ups, ensuring privacy and ease for occupants. Sturdy metal roofs and vinyl siding offer a low maintenance budget. Additional highlights include a large 23 x 95 storage area, 3 covered parking spots, and 5 additional parking spaces, catering to both residential and commercial needs. Situated on 0.47 acre lot in a desirable location near churches, schools, and popular eateries, this property is a beacon for a work-live-play lifestyle. Seize the chance to operate your own business, inhabit a lovely home, and manage 2 rentals simultaneously. This is more than an investment; it's a golden opportunity to craft the life you've imagined!

19. 2025-12-31
    status Pending 1260-char remark

    Show marketing remark (1260 chars)

    DRASTICALLY REDUCED PRICE! CASH FLOW OPPORTUNITY! ALL OFFERS WELCOME! Discover a unique investment opportunity in Central Lake Charles! This versatile commercial property offers a blend of business and residential potential, perfect for savvy investors and enterprising individuals. This property includes a well-appointed office space with 3 offices, a welcoming reception area, a practical kitchen, and a convenient bathroom. Accommodation features include a cozy 1-bedroom, 1-bath unit, a spacious 2-bedroom, 1- bath unit, and an expansive 3-bedroom, 3-bath home, all with separate electric meters and washer/dryer hook-ups, ensuring privacy and ease for occupants. Sturdy metal roofs and vinyl siding offer a low maintenance budget. Additional highlights include a large 23 x 95 storage area, 3 covered parking spots, and 5 additional parking spaces, catering to both residential and commercial needs. Situated on 0.47 acre lot in a desirable location near churches, schools, and popular eateries, this property is a beacon for a work-live-play lifestyle. Seize the chance to operate your own business, inhabit a lovely home, and manage 2 rentals simultaneously. This is more than an investment; it's a golden opportunity to craft the life you've imagined!

20. 2025-10-01
    price $179,000 1260-char remark

    Show marketing remark (1260 chars)

    DRASTICALLY REDUCED PRICE! CASH FLOW OPPORTUNITY! ALL OFFERS WELCOME! Discover a unique investment opportunity in Central Lake Charles! This versatile commercial property offers a blend of business and residential potential, perfect for savvy investors and enterprising individuals. This property includes a well-appointed office space with 3 offices, a welcoming reception area, a practical kitchen, and a convenient bathroom. Accommodation features include a cozy 1-bedroom, 1-bath unit, a spacious 2-bedroom, 1- bath unit, and an expansive 3-bedroom, 3-bath home, all with separate electric meters and washer/dryer hook-ups, ensuring privacy and ease for occupants. Sturdy metal roofs and vinyl siding offer a low maintenance budget. Additional highlights include a large 23 x 95 storage area, 3 covered parking spots, and 5 additional parking spaces, catering to both residential and commercial needs. Situated on 0.47 acre lot in a desirable location near churches, schools, and popular eateries, this property is a beacon for a work-live-play lifestyle. Seize the chance to operate your own business, inhabit a lovely home, and manage 2 rentals simultaneously. This is more than an investment; it's a golden opportunity to craft the life you've imagined!

21. 2025-08-19
    listed $199,000 Active 1260-char remark

    Show marketing remark (1260 chars)

    DRASTICALLY REDUCED PRICE! CASH FLOW OPPORTUNITY! ALL OFFERS WELCOME! Discover a unique investment opportunity in Central Lake Charles! This versatile commercial property offers a blend of business and residential potential, perfect for savvy investors and enterprising individuals. This property includes a well-appointed office space with 3 offices, a welcoming reception area, a practical kitchen, and a convenient bathroom. Accommodation features include a cozy 1-bedroom, 1-bath unit, a spacious 2-bedroom, 1- bath unit, and an expansive 3-bedroom, 3-bath home, all with separate electric meters and washer/dryer hook-ups, ensuring privacy and ease for occupants. Sturdy metal roofs and vinyl siding offer a low maintenance budget. Additional highlights include a large 23 x 95 storage area, 3 covered parking spots, and 5 additional parking spaces, catering to both residential and commercial needs. Situated on 0.47 acre lot in a desirable location near churches, schools, and popular eateries, this property is a beacon for a work-live-play lifestyle. Seize the chance to operate your own business, inhabit a lovely home, and manage 2 rentals simultaneously. This is more than an investment; it's a golden opportunity to craft the life you've imagined!

ⓘ 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: $34,572
• − Mortgage interest: −$9,803
• − Property taxes: −$2,625
• − Insurance: −$875
• − Repairs & maintenance: −$2,766
• − Management: −$2,766
• − Depreciation: −$5,091
• Taxable income: $10,647
• Est. tax owed @ 24.0%: −$2,555
• After-tax cash flow: $10,244/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

This multi-family property requires significant repairs and maintenance, including a new roof and exterior siding. Painting the exterior can improve curb appeal and increase both resale and rental value.

Repairs flagged

• Major roof — The roof appears to be metal, but there are no visible signs of damage or wear in the satellite image. The listing photo shows a metal roof, which may be new or well-maintained.
• Major exterior siding — The exterior siding appears to be in fair condition, with some discoloration and wear visible.

Value-add opportunities

• Both paint exterior — Painting the exterior can improve the curb appeal and increase both resale and rental value.
• Both repair roof — A new roof can significantly increase the property's value and reduce maintenance costs.
• Both repair exterior siding — Repairing the exterior siding can improve the property's appearance and increase its value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · The roof appears to be metal, but there are no visible signs of damage or wear in the satellite image. The listing photo shows a metal roof, which may be new or well-maintained.	Major	$15,000–50,000
exterior siding · The exterior siding appears to be in fair condition, with some discoloration and wear visible.	Major	$15,000–50,000
Total estimated repair cost · 2 items		$30,000–100,000

Value-add ROI direction

• Both paint exterior — Painting the exterior can improve the curb appeal and increase both resale and rental value. ↑
• Both repair roof — A new roof can significantly increase the property's value and reduce maintenance costs. ↑
• Both repair exterior siding — Repairing the exterior siding can improve the property's appearance and increase its value. ↑

ⓘ 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: Calcasieu Parish
• NCES district ID: 2200330
• Math proficiency: 30% ▼ -39.00%
• Reading proficiency: 44% ▼ -33.00%
• Median HH income: $44,700
• Composite: 31.45/100
• National rank: #5979
• State rank: #29 of 98 in LA

Livability — Lake Charles

• Score: 68/100
• State rank: #95
• US rank: #9820

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Charles, LA
• County: Calcasieu Parish · 170,889 people
• City population: 133,538
• Metro: Lake Charles, LA
• Population (ZIP): 30,872
• Household income: $49,992
• Rent vs Own: 41.1% rent · 58.9% own
• Severe rent burden: 1304.0

Population outlook (Calcasieu County) Hauer SSP2

• Today (2025): 212,179 people
• By 2030: 218,199 · +2.8%
• By 2040: 228,486 · +7.7%
• By 2050: 236,208 · +11.3%
• By 2075: 251,696 · +18.6%
• By 2100: 247,848 · +16.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: Black 59% White 31% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Lithuanian 7% Iranian 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Calcasieu

• 2024 margin: Solid R (+39.6) · D 29.5% · R 69.0% · Other 1.5%
• 2008→2024 swing: -15.0pp toward R · 2008: -24.6pp · 2024: -39.6pp
• All cycles: 2024: R+39.6 2020: R+35.2 2016: R+33.3 2012: R+28.7 2008: R+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.32%
• Current HPI: 55.6127
• Rent YoY: ▲ 6.18%
• Metro: Lake Charles, 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

-12.1% since first listed

5 events — show timeline

• 2026-01-26 Relisted — SWLAR
• 2026-01-26 Price Changed $175,000 SWLAR
• 2025-12-31 Pending — SWLAR
• 2025-10-01 Price Changed $179,000 SWLAR
• 2025-08-19 Listed $199,000 SWLAR