Crockett & Malcolm Duplex Portfolio

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.

• Built in 2018 — Low-maintenance all-brick construction with modern building systems designed to minimize near-term capital expenditures.
• Historically strong occupancy — Consistently leased workforce housing with minimal downtime between tenants, reflecting extremely high demand in the submarket.
• Operationally improved ownership — Recent ownership has focused on strengthening operations through updated leasing, property improvements, and management efficiencies while maintaining strong occupancy.
• Recent capital improvements — Smart lock systems have been installed throughout the portfolio, and approximately 90% of units have received interior paint updates during normal tenant turnover.
• Low-maintenance ownership model — Nine single-story duplex buildings eliminate common hallways, stairwells, and elevators while reducing long-term operating complexity.
• Individually metered units — Tenants are responsible for their own utilities, creating predictable operating expenses and simplifying ownership.
• Professionally managed investment — Established management systems and operating procedures support a smooth transition for future ownership.
• Strong workforce housing location — Positioned in North Lake Charles near major petrochemical, LNG, industrial, healthcare, and retail employment centers with convenient access to Interstate 10 and U.S. Highway 90.