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    Gentilly Duplex Investment Opportunity

    3512 GIBSON Street New Orleans, LA 70122

    Claim this Listing
    For Sale
    $149,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    1,296 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $114/SF
    Added:
    Sep 9, 2025
    Days on Market:
    307
    Last Refresh:
    Jul 12 at 7:06 am

    Property Features for 3512 GIBSON Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Standard status
    Active
    APN
    37W410504
    Size
    1,296 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Description
    SQ 2316 LOT 10 GIBSON 36X105 SGLE/FR 6/RM A/R

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    1
    Number of units
    1
    Roof type
    Shingle
    Architectural style
    Cottage

    Listing agent Santiago Compass

    Listing office AT Home Realty Group 2407 Paris Rd. Suite B, Chalmette, LA

    Listing date Sep 9, 2025

    MLS# 2521019 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.

    Investment Insights

    Based on property information with market context.

    This is a duplex located in New Orleans, LA, specifically in the Gentilly area. The property, situated on a lot of approximately 0.0868 acres, offers a total of 1296 square feet of space. This property represents an investment opportunity for potential owners looking to acquire a residential income property in a prime location.

    Key Highlights

    • Investment opportunity: Duplex property suitable for investors
    • Prime Gentilly location
    • Central heating and cooling

    Local Financial Insights For Apartment 5plus

    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 $23.3k $18.00
    − Vacancy −$2.1k −$1.64
    EGI $21.2k $16.36
    − OpEx −$9.5k −$7.36
    NOI $11.7k $9.00
    1,296 SF · lease $18.00/SF/yr · vacancy 9.10% · expense 45.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $191.8K
    $167.8K – $223.8K (±1% cap)
    NOI $13,427 @ 7.0% cap · market cap 9.01%
    Second Best
    Apartment 5plus
    $166.6K
    $145.8K – $194.4K (±1% cap)
    NOI $11,663 @ 7.0% cap · market cap 7.83%
    Theoretical Best
    Office A
    $339.1K
    $296.7K – $395.7K (±1% cap)
    NOI $23,739 @ 7.0% cap · market cap 15.93%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Parts Store Restaurant Accounting Firm Parking Lot & Garage Skin Care Clinic Storage Facility

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

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    FAQs

    What type of property is this?
    Duplex - Duplex in prime New Orleans location, ideal for investors.
    Where is this duplex located?
    The property is located at 3512 GIBSON Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Investment opportunity: Duplex property suitable for investors; Prime Gentilly location; Central heating and cooling
    Contact an agent
    (504) 352-6063
    We can help!
    Contact an agent
    Santiago Compass
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