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Listed by Real Broker, LLC
$ 255,000
Est. payment /mo
Active
1019 Common ST Lake Charles, LA 70601
3,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $85
MLS Listing ID SWL26002062
HOA Y/N No
Year Built 1960
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 51' x 197' m/l
Property Sub-Type Multi Family
Property Description
Garden District Investment Opportunity | 6 Income-Producing Units Near Downtown Positioned within the established Garden District, this multi-unit property offers a rare opportunity to acquire a well-maintained, income-producing asset just minutes from the heart of downtown. The property consists of a two-story, five-unit main structure (1019 Common St.), complemented by a detached one-bedroom, one-bath residence (1019 ½ Common St.), bringing the total to six rentable units. Each unit within the main building features a 1-bedroom, 1-bath layout, while the detached rear home provides additional flexibility and consistent rental appeal. Investment Highlights: Proven long-term rental history with steady occupancy 6 total units (5-plex + detached single-family unit) Majority of units currently leased (Units 0, 1, 3, 4, 5 + rear home) Central upstairs laundry area accessible to tenants Additional upstairs room with potential for office, storage, or future value-add opportunity Spacious rear parking area for tenant convenience Recent exterior paint and ongoing interior and exterior improvements over the past several years This property has been consistently utilized as a rental and presents a strong foundation for investors seeking immediate income with upside potential. Whether you're expanding a portfolio or entering the investment space, this location and layout provide both stability and opportunity in one of the area's most recognized neighborhoods. Agent remarks and additional details available in private notes.
Location
State LA
County Calcasieu
Area Other
Zoning MultiUse
Direction From E Prien Lake Rd to Common St., north on Common
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Fence None
Water Access Desc Public
Roof Type Shingle
Building
Lot Description City Lot, Rectangular Lot
Story 2
Water Public
Others
Tax ID 00568139
Special Listing Condition Standard