Tenant-Occupied Duplex For
1170 CARROLLTON Avenue Metairie, LA 70005
1170 CARROLLTON Avenue, Metairie, LA, 70005
$335,000
For Sale
$335,000
MULTI_FAMILY - Metairie, LA
Property Size1,999 SF
Price / SF$167.58
Days on Market35
Property Features for 1170 CARROLLTON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 0820004786
- Size
- 1,999 SF
Taxes and HOA fees
- Tax Description
- Lot 1 Sq 84 Metairieville
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
REVE, REALTORS
(504) 300-0700
Listed by
Anne Favret · License #995705535
(504) 300-0700
Added: Jun 19 Updated: Jul 11 at 10:01AM Checked: Jul 23 at 10:06AM
MLS# 2563849
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale duplex at 1170 Carrollton Avenue in Metairie presents as a tenant-occupied, two-unit residential income property with separate living arrangements. The seller notes that the units are currently occupied, which can provide immediate continuity for an owner seeking a manageable multifamily holding. Measurements are not guaranteed and should be verified by the buyer during due diligence.
The property is positioned in an established area and described as offering convenient access to Downtown New Orleans, major employment hubs, healthcare facilities, and Louis Armstrong New Orleans International Airport. The remarks also reference proximity to shopping, dining, and major transportation corridors, supporting a broad tenant draw across day-to-day needs.
For buyers and investors, this duplex can serve as an entry point to multifamily ownership while maintaining a simpler, two-unit structure compared with larger apartment buildings. The separate units may be useful for those looking to diversify rental exposure within one asset. As presented, it offers a straightforward residential income setup with tenant occupancy already in place, subject to verification of unit details and any existing leases.
The property is positioned in an established area and described as offering convenient access to Downtown New Orleans, major employment hubs, healthcare facilities, and Louis Armstrong New Orleans International Airport. The remarks also reference proximity to shopping, dining, and major transportation corridors, supporting a broad tenant draw across day-to-day needs.
For buyers and investors, this duplex can serve as an entry point to multifamily ownership while maintaining a simpler, two-unit structure compared with larger apartment buildings. The separate units may be useful for those looking to diversify rental exposure within one asset. As presented, it offers a straightforward residential income setup with tenant occupancy already in place, subject to verification of unit details and any existing leases.
Key Highlights
- Tenant‑occupied duplex with established rental occupancy in place for immediate income potential
- Duplex offers two separate units, providing income diversification versus a single‑family rental
- Central heat and central air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $16.20 |
| − Vacancy | −$1.8k | −$0.92 |
| EGI | $30.5k | $15.28 |
| − OpEx | −$9.2k | −$4.58 |
| NOI | $21.4k | $10.69 |
1,999 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$305.4K
$267.2K – $356.3K
NOI $21,377 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$265.8K
$232.5K – $310.1K
NOI $18,603 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$468.1K
$409.6K – $546.1K
NOI $32,768 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Tenant-occupied two-unit property in Metairie with rental housing across separate units for day-one occupancy.
Where is this duplex located?
The property is located at 1170 CARROLLTON Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Tenant‑occupied duplex with established rental occupancy in place for immediate income potential; Duplex offers two separate units, providing income diversification versus a single‑family rental; Central heat and central air
