Duplex with Off-Street
For Sale
$250,000
1000-1000 1/2 S Bengal Rd, Metairie, LA 70003
Two-unit property with one renovated residence and ongoing improvements to the second unit.
Property Size1,885 SF
Price / SF$132.63
Days on Market50
Property Features for 1000-1000 1/2 S Bengal Rd
General Information
Standard status
Active
Size
1,885 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
blank slate to complete to their own taste
Site & Location
Neighborhood
Lynn Park
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
off-street parking
Building Details
Year Built
1958
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 24 at 4:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Partners LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,885-square-foot duplex, built in 1958, contains two residences with matching layouts of two bedrooms and one bathroom each. One unit has been recently renovated and includes a tankless water heater and window units. Work has also started in the second residence, allowing the next owner to determine the remaining improvements.
The property is located at 1000-1000 1/2 S Bengal Rd in Metairie, with off-street parking and a FORTIFIED roof. The two-unit configuration supports separate residential occupancy, with the completed side ready for use while improvements continue in the other.
The property is located at 1000-1000 1/2 S Bengal Rd in Metairie, with off-street parking and a FORTIFIED roof. The two-unit configuration supports separate residential occupancy, with the completed side ready for use while improvements continue in the other.
Key Highlights
- Two‑unit duplex with 1,885 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- One unit recently renovated with a tankless water heater and window units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,157
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,140
$403.1K
Cap Rate 7%
$287,957
$288.0K
Cap Rate 9%
$223,967
$224.0K
Market Conditions
NOI Build-Up for 1,885 SF
Gross rent
$30.5K $16.20/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$28.8K $15.28/SF
− OpEx
−$8.6K −$4.58/SF
NOI
$20.2K $10.69/SF
Area
Metairie, LA
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,140
Cap Rate 7%
$287,957
Cap Rate 9%
$223,967
Alternative Uses
Best Use
Multifamily LT 5
$288.0K
$252.0K – $336.0K
NOI $20,157 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$250.6K
$219.3K – $292.4K
NOI $17,542 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$441.4K
$386.2K – $515.0K
NOI $30,899 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 70003, LA
40,068
Population
17,479
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
5,724
Density / Sq Mi
$76,151
Median Household Income
$45,102
Median Earnings
$1,191
Median Rent
$255,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one renovated residence and ongoing improvements to the second unit.
Where is this duplex located?
The property is located at 1000-1000 1/2 S Bengal Rd Metairie, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,885 square feet; Each unit includes 2 bedrooms and 1 bathroom; One unit recently renovated with a tankless water heater and window units
