2524 Crockett St 18 Unit Apartment Building $2,676,131 CAD ($148,674 CAD/Unit) 6.97% Cap Rate Lake Charles, LA 70601

The Crockett & Malcolm Duplex Portfolio offers the opportunity to acquire a fully stabilized 18-unit multifamily investment in Lake Charles, Louisiana. The property consists of nine single-story duplex buildings totaling eighteen two-bedroom, one-bathroom units, each containing approximately 885 square feet. Built in 2018, the portfolio features durable all-brick construction, modern building systems, and a low-maintenance design that reduces near-term capital expenditure requirements.
The portfolio has been professionally managed and is designed for operational simplicity. Each unit is individually metered, with tenants responsible for their own utilities, resulting in predictable operating expenses and a straightforward ownership structure. The duplex configuration eliminates many of the common maintenance and operational challenges associated with larger apartment communities while maintaining the economies of scale of an 18-unit investment.
Located in North Lake Charles, the property serves the region’s stable workforce housing market, supported by major petrochemical, LNG, refining, healthcare, and industrial employers. Combined with recent construction, strong occupancy, and efficient operations, the portfolio is well positioned to appeal to private investors, regional multifamily operators, and 1031 exchange buyers seeking durable cash flow with limited operational complexity.