Add Listing
    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

    3433-35 Paris Ave New Orleans, LA 70122

    View on Map
    Sponsored
    For Sale
    $265,000

    Duplex, Other - New Orleans, LA

    Type:Duplex
    Property size:
    2,640 SF
    Days on Market:
    14
    Last Refresh:
    Mar 20 at 2:06 pm

    Property Features for 3433-35 Paris Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Laundry
    EntryLevel
    1
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    2,640 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

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

    We can help!

    Listing Contact
    Gretchen Shotwell
    Gretchen Shotwell

    Rêve | Realtors

    Listing agent Gretchen Shotwell

    Listing date Mar 6, 2026

    MLS# 2539503 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

    Spacious New Orleans Duplex

    This property is a duplex located on Paris Avenue. Each of the two units features four bedrooms, low-maintenance tile and laminate floors, a large eat-in kitchen, and in-unit laundry. The property includes a shaded, fenced yard and one off-street parking space. It is located a five-minute drive from City Park, the Fairgrounds, and Dillard University, with easy interstate access. One unit is currently occupied by tenants at a rate of $1600 per month. The property is suitable for investors or homebuyers looking to occupy one unit and rent out the other. The property size is 2640 square feet and the lot size is 0 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0730005
    Latitude
    29.9927428

    Nearby Similar for Sale

    • $729,000
      2,169 SF

      Prime Uptown New Orleans Commercial Property

      Iconic corner location with HU B1 zoning and high visibility.
      4332 Magazine St, New Orleans, LA 70115
      View Details
    • $450,000
      2,700 SF

      Uptown Bar with Adjoining Lot

      Uptown bar with kitchen, storage, and adjacent vacant lot.
      1832 7Th St, New Orleans, LA 70115
      View Details
    • $550,000
      7,000 SF

      Versatile Commercial Building, New Orleans East

      7,000 sq ft commercial building suitable for multiple business uses.
      6930 Martin Dr, New Orleans, LA 70126
      View Details
    • $599,000
      1,740 SF

      Warehouse District Commercial Space

      Unique commercial property in the desirable Warehouse District.
      422 Notre Dame St, New Orleans, LA 70130
      View Details
    • New
      $595,000
      2,501 SF

      Renovated Mixed-Use Property For Sale

      Mixed-use property near shops and restaurants, great investment opportunity.
      5513 Tchoupitoulas St, New Orleans, LA 70115
      View Details
    • $650,000
      6,900 SF

      Iconic Bywater Commercial Property

      Versatile 6,900 sq ft property in the heart of Bywater.
      4321 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $475,000
      2,266 SF

      Spacious Building in Algiers Point

      Versatile commercial building or residential conversion opportunity in New Orleans.
      627 Opelousas Ave, New Orleans, LA 70114
      View Details
    • $329,900
      1,904 SF

      Fairgrounds Investment Opportunity

      Two-unit property near Fairgrounds with income potential.
      1516 Gentilly Blvd, New Orleans, LA 70119
      View Details
    • $230,000
      3,847 SF

      New Orleans Commercial Opportunity

      Spacious warehouse ready for custom transformation in New Orleans.
      1637 Sere St, New Orleans, LA 70122
      View Details
    • $1,595,000
      4,906 SF

      Canal Street Automotive Property

      Income-producing commercial property on Canal Street with long-term upside.
      4243 Canal St, New Orleans, LA 70119
      View Details
    • $2,400,000
      3,850 SF

      Equipped Kitchen Space in New Orleans

      Restaurant kitchen space available in New Orleans with flexible lease terms.
      8001 Downman Rd, New Orleans, LA 70126
      View Details
    • New
      $169,000

      Retail Strip Center in Algiers

      Retail strip center with high visibility and flexible leasing potential.
      6419 General Meyer Ave, New Orleans, LA 70131
      View Details

    FAQs

    What type of property is this?
    Duplex - Bright duplex with in-unit laundry, near City Park.
    Where is this duplex located?
    The property is located at 3433-35 Paris Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: - Income-producing property: One unit currently rented for $1600/month.; - Double unit: Live in one unit and rent the other.; - Each unit has 4 bedrooms and in-unit laundry.
    (504) 920-2235
    Request Owner's contact information
    3433-35 Paris Ave New Orleans, LA 70122
    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.
    3433-35 Paris Ave
    New Orleans, LA 70122
    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
    3433-35 Paris Ave New Orleans, LA 70122
    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
    Gretchen Shotwell
    Gretchen Shotwell
    Real Estate License ID: 995685317
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!