New Orleans Multifamily
3609 MARAIS Street, New Orleans, LA 70117
- Added:
- May 5, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 27 at 8:06 pm
Property Features for 3609 MARAIS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 39W302903
- Size
- 2,387 SF
Taxes and HOA fees
- Tax Description
- SQ 476 LOT 3
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Contemporary
Listing agent Adrienne LaBauve (337) 522-7554
Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA (337) 522-7554
Listing date May 5, 2026
MLS# 2553469
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.
HighLights
- Newer construction (2021) multi‑family property in the desirable Bywater/St. Claude corridor.
- Two well‑appointed units: a 3‑bedroom/2‑bathroom unit (approx. 1,350 sq ft) and a 2‑bedroom/2‑bathroom unit (approx. 1,037 sq ft), both with contemporary finishes.
- Upper unit features a large, private rooftop deck with open sky views, ideal for entertaining.
- Modern kitchens with stainless steel appliances, gas ranges, vented hoods, subway tile backsplashes, and oversized islands.
- In‑unit laundry for both units.
- Located minutes from the French Quarter and Bywater, with easy access to restaurants, live music, and coffee shops.
Overview
This newer construction multifamily property is designed for comfort and functionality, offering an opportunity to own an income-producing asset in a dynamic New Orleans neighborhood. It features two units with contemporary finishes. The lower unit includes 3 bedrooms, 2 bathrooms, and approximately 1,350 square feet, while the upper unit has 2 bedrooms, 2 bathrooms, and approximately 1,037 square feet. Each unit features an open-concept living space filled with natural light. Interior features include wide-plank wood flooring, tall ceilings, and large windows. The kitchens include stainless steel appliances, gas ranges, vented hoods, subway tile backsplashes, and oversized islands with warm wood countertops. Bathrooms are finished with custom tilework, glass-enclosed showers, double vanities in select spaces, and sleek fixtures. The primary suite offers generous proportions and an en suite bath. Additional interior features include in-unit laundry for both units, recessed lighting, contemporary ceiling fans, and a neutral color palette. The upper unit has access to a private rooftop deck. The property includes a low-maintenance yard. Located in the Bywater/St. Claude corridor, it is near the French Quarter and Bywater, with access to restaurants, live music, and coffee shops. The property is suitable for an owner-occupant, an investor, or a buyer in need of a flexible living arrangement. The property size is 2,387 square feet.
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 | $47.3k | $19.80 |
| − Vacancy | −$4.1k | −$1.71 |
| EGI | $43.2k | $18.09 |
| − OpEx | −$13.0k | −$5.43 |
| NOI | $30.2k | $12.66 |
2,387 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$431.8K
$377.8K – $503.8K
NOI $30,225 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$396.9K
$347.3K – $463.0K
NOI $27,782 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$606.7K
$530.9K – $707.8K
NOI $42,469 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Nola Blue House
Vacation Rental
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.038147
- Latitude
- 29.967405
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Newer construction multifamily property in a dynamic New Orleans neighborhood.
Where is this duplex located?
The property is located at 3609 MARAIS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Newer construction (2021) multi‑family property in the desirable Bywater/St. Claude corridor.; Two well‑appointed units: **a 3‑bedroom/2‑bathroom unit (approx. 1,350 sq ft) and a 2‑bedroom/2‑bathroom unit (approx. 1,037 sq ft), both with contemporary finishes.**; **Upper unit features a large, private rooftop deck with open sky views, ideal for entertaining.**
