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    Metairie Multi-Family Investment Opportunity

    4428 W METAIRIE Avenue Metairie, LA 70001

    4428 W METAIRIE Avenue, Metairie, LA, 70001
    $325,000
    For Sale
    Claim this Listing
    $325,000

    MULTI_FAMILY - Metairie, LA

    Property Size1,787 SF
    Lot Size0.12 Acres
    Price / SF$181.87
    AddedMay 7
    Days on Market71
    Last RefreshJul 16 at 1:06 pm

    Property Features for 4428 W METAIRIE Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Parking features
    Off Street, Driveway
    Exterior features
    Fence, Window Screens
    Fencing
    Fenced
    Standard status
    Active
    APN
    0820027470
    Size
    1,787 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    LOT 1A SQ 43 SEC B BRIDGEDALE 9349947 9353485 9353486 9412815

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Ranch

    Listing agent Mary Danna License #995689808

    Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA

    Listing date May 7, 2026

    MLS# 2555993 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 solid brick duplex in Metairie presents a flexible opportunity for both owner-occupants and investors. Each of the two units includes its own driveway and separate yard space, enhancing privacy and convenience. The interiors have been freshly painted, and both sides feature tile flooring throughout, ensuring easy upkeep with no carpet. Each unit is equipped with its own laundry area and separate meters for electric and gas. Located in a convenient area of Metairie, the property offers a great opportunity whether you choose to live in one side and rent the other, or lease both units. The property size is 1787 square feet and the lot size is 0.1159 acres.

    Key Highlights

    • Solid brick double (2‑unit) with a ranch style and 1973 construction
    • Each unit has its own driveway and separate yard space
    • Freshly painted interiors with tile flooring throughout and no carpet

    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 $28.9k $16.20
    − Vacancy −$1.7k −$0.92
    EGI $27.3k $15.28
    − OpEx −$8.2k −$4.58
    NOI $19.1k $10.69
    1,787 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $273.0K
    $238.9K – $318.5K (±1% cap)
    NOI $19,109 @ 7.0% cap · market cap 5.88%
    Second Best
    Apartment 5plus
    $237.6K
    $207.9K – $277.2K (±1% cap)
    NOI $16,630 @ 7.0% cap · market cap 5.12%
    Theoretical Best
    Office A
    $418.5K
    $366.2K – $488.2K (±1% cap)
    NOI $29,293 @ 7.0% cap · market cap 9.01%
    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 Restaurant Parking Lot & Garage Hair Salon Daycare Center Gym & Fitness Center Skin Care Clinic (Bike/Boat/Book/etc) Store Spa & Massage Center

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

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    FAQs

    What type of property is this?
    Duplex - Solid brick duplex in Metairie, ideal for owner-occupants or investors.
    Where is this duplex located?
    The property is located at 4428 W METAIRIE Avenue Metairie, LA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Solid brick double (2‑unit) with a ranch style and 1973 construction; Each unit has its own driveway and separate yard space; Freshly painted interiors with tile flooring throughout and no carpet
    Contact an agent
    (504) 669-8822
    We can help!
    Contact an agent
    Mary Danna
    Mary Danna
    Real Estate License ID: 995689808
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