Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3304 Metropolitan St New Orleans, LA 70126

    Sponsored
    For Sale
    $345,000

    Townhouse, Duplex - New Orleans, LA

    Type:Duplex
    Property size:
    2,996 SF
    Lot size:
    0.12 Acres
    Days on Market:
    21
    Last Refresh:
    Feb 1 at 3:06 am

    Property Features for 3304 Metropolitan St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Parking features
    Driveway
    EntryLevel
    2
    Size
    2,996 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Lazaro Suarez
    Lazaro Suarez

    Rêve | Realtors (504) 300-0700

    Listing agent Lazaro Suarez (504) 300-0700

    Listing date Jan 12, 2026

    MLS# 2537623 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    New Orleans Duplex: Investor Opportunity

    This like-new duplex, constructed in 2023, presents an investor opportunity with two tenant-occupied units. The property offers a total of approximately 2,996 square feet, featuring 8 bedrooms and 4 full baths plus 2 half baths. Designed for durability and rentability, the units benefit from natural light and an open floor plan. Stylish, updated kitchens include stone countertops and modern finishes. Energy-saving windows, tankless hot water, central HVAC, a raised foundation, and off-street parking are designed to reduce capital expenses and protect long-term returns. The location provides convenient access to the French Quarter and Downtown. With in-place rents of $1,880 and $2,057, the property generates a total of $3,937 per month, or $47,244 annually. The property is situated on a lot of approximately 0.1199 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0362021
    Latitude
    29.991447

    Nearby Similar for Sale

    • $2,335,000
      6,849 SF

      Renovated Six-Unit Compound, New Orleans

      Fully renovated six-unit compound with gated parking and MU-2 zoning.
      1201 Baronne St, New Orleans, LA 70113
      View Details
    • $2,335,000
      6,849 SF

      Renovated Six-Unit Compound

      Fully renovated six-unit compound with gated parking and MU-2 zoning.
      1201 Baronne St, New Orleans, LA 70113
      View Details
    • $2,340,000
      6,069 SF

      French Quarter Income Property

      Historic French Quarter multi-family property with seven income-producing units.
      1309 Dauphine St, New Orleans, LA 70116
      View Details
    • $3,195,000
      10,242 SF

      Irish Channel Oasis Portfolio

      Turnkey investment property with resort-style amenities in vibrant New Orleans.
      917-925 Washington Ave, New Orleans, LA 70130
      View Details
    • New
      $1,625,000
      6,412 SF

      Uptown New Orleans Duplex

      Spacious Uptown duplex near parade routes, restaurants, and shopping.
      4721 Prytania St, New Orleans, LA 70115
      View Details
    • $3,195,000
      10,242 SF

      Irish Channel Oasis Portfolio

      Turnkey investment property with resort-style amenities in vibrant New Orleans.
      917-925 Washington Ave, New Orleans, LA 70130
      View Details
    • New
      $2,750,000
      13,622 SF

      Historic Mixed-Use Building, New Orleans

      Historic 13,622 SF mixed-use building in the Warehouse District.
      717 Camp St, New Orleans, LA 70130
      View Details
    • $1,350,000
      6,659 SF

      New Orleans Multifamily Investment Opportunity

      Well-maintained multifamily property near Tulane and Loyola Universities.
      2108 Broadway St, New Orleans, LA 70118
      View Details
    • $1,299,500
      3,742 SF

      Historic Creole Cottage in French Quarter

      Restored 1809 Creole Cottage with modern amenities in New Orleans.
      1019 St Peter St, New Orleans, LA 70116
      View Details
    • $1,599,000
      3,023 SF

      Elegant Lower Garden District Duplex

      Charming New Orleans duplex with modern amenities and city views.
      1113 Thalia St, New Orleans, LA 70130
      View Details
    • $649,900
      2,233 SF

      Historic Marigny Corner Grocery Home

      Charming New Orleans home, potential duplex in walkable location.
      2632-34 Dauphine St, New Orleans, LA 70117
      View Details
    • $2,700,000
      7,626 SF

      Restored Victorian Bed & Breakfast

      Licensed 9-room B&B near St. Charles and Napoleon Avenues.
      4117 Perrier St, New Orleans, LA 70115
      View Details

    FAQs

    What type of property is this?
    Duplex - Turnkey duplex near French Quarter with strong income potential.
    Where is this duplex located?
    The property is located at 3304 Metropolitan St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - Turnkey cash flow with in-place rents of $3,937/month ($47,244/year) and attractive GRM (~7.3) and gross cap rate (~13.69%).; - Newer construction (2023) duplex designed for durability and rentability.; - Two large, tenant-occupied units (approx. 2,996 sq.ft. total, 8 beds, 4 full baths, 2 half baths) with high demand.
    (504) 251-5302
    Request Owner's contact information
    3304 Metropolitan St New Orleans, LA 70126
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3304 Metropolitan St
    New Orleans, LA 70126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3304 Metropolitan St New Orleans, LA 70126
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lazaro Suarez
    Lazaro Suarez
    Real Estate License ID: 995704303
    (504) 251-5302
    Learn more
    Google sign-in failed. Please try again or use another login method.