New Construction
For Sale
$425,000
3400 JACKSON Avenue, New Orleans, LA 70125
Multi-Family, CreoleTownhouse, New Orleans, LA
Property Size2,058 SF
Price / SF$206.51
Days on Market38
Property Features for 3400 JACKSON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking features
Driveway
Lot features
Regular
Standard status
Active
APN
41185639
Size
2,058 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
1
Roof type
Shingle
Architectural style
Creole
Listing Agency:
Service 1st Real Estate
(225) 503-2525
Listed By:
Danielle Atkins · License #995680313
(504) 256-6511
Added: Jul 27
Changed: Aug 25
Last Checked: Sep 2 at 11:06PM
MLS# 2569611
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 Creole-style duplex is a 2058-square-foot new construction property with one residence positioned above the other rather than a shotgun layout. Each unit includes three bedrooms and two bathrooms, along with 9 ft ceilings, luxury vinyl flooring, quartz countertops, and stainless steel appliances. Central heating and central air serve the building, while a driveway provides on-site parking. Construction remains underway, with a 2026 year built designation.
The property is near I-10 access and is a short commute from Downtown New Orleans. The French Quarter is identified as approximately 2 minutes away, with Starbucks and the Zulu Parade route also noted in the surrounding context. Public water service supports the property.
The property is near I-10 access and is a short commute from Downtown New Orleans. The French Quarter is identified as approximately 2 minutes away, with Starbucks and the Zulu Parade route also noted in the surrounding context. Public water service supports the property.
Key Highlights
- Duplex configuration with two vertically arranged residences
- Each unit has 3 bedrooms and 2 bathrooms
- 2058 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,059
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,180
$521.2K
Cap Rate 7%
$372,271
$372.3K
Cap Rate 9%
$289,544
$289.5K
Market Conditions
NOI Build-Up for 2,058 SF
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.
Gross rent
$40.7K $19.80/SF
− Vacancy
−$3.5K −$1.71/SF
EGI
$37.2K $18.09/SF
− OpEx
−$11.2K −$5.43/SF
NOI
$26.1K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,180
Cap Rate 7%
$372,271
Cap Rate 9%
$289,544
Alternative Uses
Best Use
Multifamily LT 5
$372.3K
$325.7K – $434.3K
NOI $26,059 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$342.2K
$299.4K – $399.2K
NOI $23,953 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$523.1K
$457.7K – $610.3K
NOI $36,615 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature three bedrooms, two bathrooms, and contemporary interior finishes.
Where is this duplex located?
The property is located at 3400 JACKSON Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex configuration with two vertically arranged residences; Each unit has 3 bedrooms and 2 bathrooms; 2058 square feet of building area
